Posts Tagged ‘UK Finance’
UK’s Future of Payments Review endorses Open Banking as way to boost competition
Open Banking could provide “a viable digital alternative to the card schemes”, according to the review, and “improve the UK consumer account-to-account payment journey”.
Read MoreCould the UK’s Open Banking crown be toppled?
During a Powerhouse Debate at Open Banking Expo UK & Europe, Raidiam’s open futurist Marie Walker said the UK had been the “poster child” of Open Banking.
Read MoreOpen Banking and AI – a new era of personalised banking?
A roundtable co-hosted by Red Badger and Open Banking Expo debated how to use Generative AI to improve the customer experience.
Read MoreClear Junction launches Confirmation of Payee service
The new CoP service from Clear Junction will help tackle growing cases of APP fraud.
Read MoreBR-DGE teams up with Sift to tackle payment fraud
Tackling fraud and protecting customers at the payment checkout “one of the biggest challenges facing merchants”, said BR-DGE’s head of partnerships.
Read MoreUK Chancellor launches ‘Future of Payments’ review
Joe Garner, the former chief executive officer of Nationwide Building Society, has been tasked with leading the review.
Read MoreNovobanco implements Feedzai’s digital trust and fraud solutions
The Portuguese bank will use Feedzai’s AI offering to address customer bias and improve the overall experience for its 1.5 million clients.
Read MoreAPP fraud victims to be reimbursed under new rules set out by PSR
The changes put the UK at the forefront of the fight against APP fraud globally, according to Chris Hemsley, managing director at the PSR.
Read MoreTotal UK fraud losses declined in 2022 but ‘risks remain elevated’
Official data from UK Finance revealed that more than £1.2bn was stolen through fraud, while 78% of APP fraud starts online.
Read MoreUK’s financial regulator appoints fintech experts to new advisory group
The Innovation Advisory Group, which convenes for the first time this month, will bring issues impacting fintech and regtech sectors to FCA’s attention.
Read More