Latest
Reporting and analysis on the institutions, products, rules, and technology shaping UK finance.
- · Fraud & Cybersecurity
Young UK adults report far more bank account takeover
Outseer says 21.0% of UK respondents aged 18–24 reported experiencing account takeover, against 2.1% of those aged 65 and over. The survey's missing age-group bases and recall period matter more than the tenfold headline.
- · Fintech News
Revolut wins Gibraltar crypto licence for global expansion
The Gibraltar Financial Services Commission has authorised Revolut Global Digital Assets Limited to handle virtual asset orders, custody and staking. Revolut has not named target markets or launch dates, and says UK crypto remains with Revolut Ltd.
- · Digital Banks
Revolut back online after Google Cloud London outage
Revolut's UK status page showed all systems operational late on 20 October 2026, after disruption earlier that day to card payments, transfers, cash withdrawals and app sign-in during a Google Cloud incident in London.
- · UK Fintech
Investors warn bank tax rises could squeeze fintech funding
Ahead of the 28 October 2026 Budget, investors say higher bank taxes would reach fintech through partnerships and venture debt. Here is the current UK tax position, and what the evidence does and does not establish.
- · Regulation & Policy
What sovereign cloud means for UK bank customer data
Starling says its new transaction AI model was trained on UK sovereign cloud. Hosting location answers only part of the customer-data question: legal control, administrator access and recovery arrangements matter as much.
- · Fintech News
Morgan Stanley enters UK savings market through Raisin
Raisin says UK savers can now open fixed-term deposits provided by Morgan Stanley Bank International Limited, from 4.35% to 5.10% AER on rates observed on 20 October 2026. The product terms that govern early access were not obtained during this research.
- · Regulation and policy
FCA flags poor AI practice and calls for clearer warnings
The FCA has set out what it considers good and poor practice in firms' use of AI, citing untested outputs, excluded vulnerable consumers and governance bolted on after launch. It also wants AI providers to spell out the limits of what their models say about money.
- · Payments
CMA proposes cheaper iPhone contactless access for UK rivals
The CMA wants Apple to open iPhone contactless to rival wallets on fair, cheaper terms, and says no competing iPhone contactless wallet has launched using the existing UK arrangements. It is a proposal: the consultation closes on 17 November 2026.
- · Payments
SAP Pay opens to UK businesses inside SAP Cloud ERP
SAP says SAP Pay is now generally available to UK users of SAP Cloud ERP, moving approved invoices into payment and reconciliation in one workflow. Its payments subsidiary Tereina has yet to be matched to a UK regulatory record.
- · UK Fintech
FCA talks leave Polymarket and Kalshi short of a UK route
The FCA has reportedly engaged with prediction-market operators as Polymarket and Kalshi consider UK entry, but the UK's retail binary-options ban and separate Gambling Commission licensing rules mean a launch is far from assured.