The system for banking companies differs from that of the telecoms industry, where compensation is due for loss of services ...

Nine of the UK’s biggest banks accumulated over 33 days of IT downtime over the last two years with millions of people affected. Data received from banks by MPs on the Treasury Committee revealed at ...

The Bank of England (BoE) continues to shape the United Kingdom’s monetary and financial industry through extensive research, reliable payments systems, and updated analytical frameworks. Three recent ...

Bank of England Deputy Governor Sam Woods on Wednesday rejected calls from the banking industry to further relax rules on ...

A massive global tech outage has left thousands of UK banking customers unable to access their accounts, as services from ...

The UK’s Open Banking system is arguably the most advanced in the world, having been in place since at least 2018. The time in market for this ecosystem offers lessons and best practices to other ...

This content has been created by the Finextra editorial team with inputs from subject matter experts at the funding sponsor. This article was co-authored by Ram Devanarayanan, head of business ...

UK Prime Minister Sir Keir Starmer’s recent visit to India has reignited interest in its pioneering biometric identification ...

The development of quantum computing may feel like a distant concern, however, experts are warning of the extreme danger posed to cybersecurity if action is not taken to address the quantum risks soon ...

XYB, the Coreless Banking Platform business, has announced its plans to help banks enhance their core systems. XYB is working with global tech leader IBM to provide technologies and consulting ...

The Bank of England disagrees that the UK is behind on its work on stablecoins. In a speech this week, the bank’s deputy governor for financial stability, Sarah Breeden, said it is important for ...