News and Insight

The UK Finance press office provides industry comment, information and data on banking and finance issues

The UK Finance press office provides industry comment, information and data on banking and finance issues. We have a wide range of spokespeople available to speak to the media.

Journalists and media outlets can contact the press office on 020 7416 6750 or email press@ukfinance.org.uk. A duty press officer is always available via the same contact details for out of hours queries.

We are unable to deal with individual customer queries. Please contact your finance provider directly.

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Interest-only mortgage stock emerging from Covid-19 era in good shape

23.05.22

Blog

Interest-only mortgage stock emerging from Covid-19 era in good shape

Today we released our latest annual update of data on the size and profile of the stock of outstanding interest-only mortgages in the UK. It is a story of continuing improvement driven by positive industry action.
Up, up and away: why banks should accelerate plans to migrate to the cloud

20.05.22

Blog

Up, up and away: why banks should accelerate plans to migrate to the cloud

Whether by developing products to support customers, or integrating tools to streamline how they are accessed, banks have often led the way for change in the financial sector. When it comes to embracing new technologies however, including the cloud, uptake until recently has been relatively slow.
Every little helps in the fight against criminals

19.05.22

Press release

Every little helps in the fight against criminals

UK Finance’s Take Five to Stop Fraud campaign promoted in Tesco stores
Will the ‘big four’ finally become real financial services challengers?

18.05.22

Blog

Will the ‘big four’ finally become real financial services challengers?

Over the past few years we have seen the rise of ‘challenger’ banks which have styled themselves as fintechs, and for good reasons.
Quantifying the financial impact of cyber risk

17.05.22

Blog

Quantifying the financial impact of cyber risk

The last two years have highlighted the financial and operational impact of cyberattacks on businesses of all sizes and sectors, and their supply chains.
Record breaking £101 million of fraud prevented by banking and finance industry-funded police unit

16.05.22

Press release

Record breaking £101 million of fraud prevented by banking and finance industry-funded police unit

A specialist police unit which targets the organised criminal gangs behind fraud prevented a record £101 million from being stolen in 2021, the highest amount in the unit’s 20-year history.
Operational resilience implementation – Bank of England expects firms to get on the same page

13.05.22

Blog

Operational resilience implementation – Bank of England expects firms to get on the same page

We were delighted to welcome David Bailey, Executive Director, UK Deposit Takers Supervision at the Bank of England (BoE) to join us on 28 April at our Operational Resilience: Beyond 2022 webinar.
Making mortgages more affordable?

12.05.22

Blog

Making mortgages more affordable?

UK Finance has responded to the Financial Policy Committee’s (FPC) consultation on its proposal to withdraw its mortgage affordability Recommendation.
SCA is live – what are the tools to make it work?

11.05.22

Blog

SCA is live – what are the tools to make it work?

After a succession of shifting deadlines and rule changes to the guidelines themselves, Strong Customer Authentication (SCA) has now been implemented. For many, the go-live date passed with little comment.