Several major UK banks, including HSBC, NatWest, Lloyds, Barclays, Nationwide and Santander, are proceeding with plans to launch tokenised bank deposits in 2026. The move comes as part of a wider pilot project, which is currently underway for payments on… Continue reading
Pay.UK announced on 24 September 2025 a partnership with Age UK East London to help older banking customers better understand APP (Authorised Push Payment) fraud and manage Faster Payments withdrawals securely. This initiative includes targeted informational events, new fraud alert… Continue reading
The United Kingdom and the United States have launched the Transatlantic Taskforce for Markets of the Future, aiming to develop joint recommendations for crypto regulation and streamlined capital markets within 180 days, according to the UK Treasury. The initiative was… Continue reading
The Financial Conduct Authority (FCA) has published Policy Statement PS25/12, introducing new requirements to strengthen the safeguarding of customer funds held by UK payments and e-money institutions. Effective from 7 May 2026, these rules will require daily internal reconciliations, annual… Continue reading
The Bank of England’s Prudential Regulation Authority (PRA) has proposed the removal of 37 financial reporting templates used by UK banks to report capital and liquidity, aiming to reduce regulatory burden without compromising transparency. The consultation period for this proposal… Continue reading
Eleven bank branches owned by Halifax, NatWest, and Lloyds are closing between 23–30 September 2025, with further closures planned for the coming months. This development will impact access to cash withdrawals and may mean longer travel distances for some customers—especially… Continue reading
The Financial Conduct Authority (FCA) has proposed exempting UK-based crypto asset platforms from several core regulatory principles, including those relating to integrity, customer focus, and the requirement to act with skill, care, and diligence. This consultation, published on 17 September… Continue reading
On 16 September 2025, the Payment Systems Regulator (PSR) launched a consultation on new remedies aimed at increasing transparency and oversight of card scheme and processing fees charged by Visa and Mastercard to UK businesses. The proposals come after the… Continue reading
The UK Financial Conduct Authority (FCA) has confirmed new daily safeguarding requirements for payment and e-money institutions, aimed at strengthening consumer protection and addressing risks identified in the sector. Following a final policy statement in August 2025, the changes were… Continue reading
The UK Financial Conduct Authority (FCA) has launched a consultation proposing to ease the current contactless payment caps, potentially allowing banks to set their own per-transaction and daily limits. At present, the standard contactless limit is £100 per payment and… Continue reading
