Open Banking adoption in the UK has reached record levels, according to Open Banking Limited’s Impact Report 7, published in December 2025. The number of active open banking users grew by 40% year-on-year, reaching 13.3 million as of March 2025.… Continue reading
On 4 December 2025, the UK Treasury unveiled a fast-track licensing regime for fintech startups, designed to accelerate market entry for payment and e-money firms. The system permits provisional operation for up to 18 months while awaiting full authorisation from… Continue reading
EU co-legislators reached a provisional agreement on 27 November 2025 regarding a legislative package aimed at strengthening online fraud protection for consumers. According to the European Parliament, the new rules will make banks and other payment service providers strictly liable… Continue reading
The Bank of England’s Prudential Regulation Authority (PRA) has confirmed a significant increase to the deposit protection limit under the Financial Services Compensation Scheme (FSCS), raising it from £85,000 to £120,000 per eligible depositor, effective from 1 December 2025. The… Continue reading
The Payment Systems Regulator (PSR) released an updated version of its Powers and Procedures Guidance (PPG) on 26 November 2025, clarifying the regulator’s approach to enforcement actions, fines, and formal directions for payment service providers in the UK. This revised… Continue reading
The UK Financial Conduct Authority (FCA) has announced the next phase of its regulatory approach to cryptoassets and stablecoins. In a keynote speech on 26 November 2025, FCA Payments Director David Geale outlined the authority’s intention to foster a trusted,… Continue reading
The Bank of England has proposed to open the CHAPS settlement system from as early as 01:30 every banking day starting in 2027. This marks a significant step towards near round-the-clock Real-Time Gross Settlement (RTGS) hours, aiming to improve liquidity… Continue reading
Visa has completed the first commercial Variable Recurring Payment (cVRP) transaction using its account-to-account (A2A) solution in the UK. Partners Kroo Bank, Utilita, and Tink participated in this landmark payment on 19 November 2025, representing a significant development for recurring… Continue reading
The Prudential Regulation Authority (PRA) has announced that the UK’s deposit protection limit under the Financial Services Compensation Scheme (FSCS) will increase from £85,000 to £120,000, effective 1 December 2025. This move is designed to strengthen public confidence in the… Continue reading
Easy-access savings accounts in the UK are currently offering competitive interest rates, with Monument Bank leading at 4.51% AER. According to MoneyWeek, several banks now provide simple withdrawal processes and flexible terms—factors which may be relevant for casino players seeking… Continue reading
