Tag: UK Finance

Starling Bank's CEO and founder Anne Boden has criticised the UK government for failing to include financial fraud in the Online Harms Bill, arguing it will lead to more "heart-breaking stories".

From: RegTech Analyst The British government has amended its initiatives to help companies survive the global COVID-19 pandemic. Now, the country’s top financial markets watchdog...

Hackers and scammers have taken advantage of the COVID-19 crisis to launch email and phone scams. But now a police task force funded by the banking industry has set out to deal with the fraudsters.

Britain is increasing the spending cap for contactless payments from £30 to £45 from April 1 to help people cope with the coronavirus outbreak. However, the move may increase the risk of fraud.

The UK’s finance industry prevented a total of £1.66bn in fraud during 2018; however, £1.2bn was still stolen by criminals during the same period, a new study from UK Finance finds.

The European Payments Council Board has accepted an application which will enable UK Payment Service Providers to continue in the Single Euro Payment Area (SEPA) schemes.