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

In February 2025, the UK Parliament’s Treasury Committee launched an inquiry into IT failures across major banks. The inquiry uncovered over 803 hours – equivalent to more than 33 days – of unplanned ...

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

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

Shadow banking’ could lead us into an apocalypse like 2008 - Alarm bells are ringing about the private credit market and ...

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 ...

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

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 ...

As part of a tech arms race, banks are also using artificial intelligence to stop scams with increasing effectiveness ...

Banks have traditionally favoured fossil fuel projects due to the sector’s strong profitability and reliable credit ratings.

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 ...