Latest
Reporting and analysis on the institutions, products, rules, and technology shaping UK finance.
- · AI & Finance
WealthAi launches AI agents for wealth onboarding and KYC
WealthAi says its new agents coordinate onboarding and KYC checks for UK wealth managers, but firms keep approval and escalation duties for PEPs and sanctions cases, and must still monitor and evidence Consumer Duty outcomes.
- · Fintech News
Trustly gets US$40m in binding commitments for AI expansion
Trustly has secured more than US$40m in binding equity commitments from Nordic Capital and Alfvén & Didrikson for an AI payment-intelligence push, with the raise expected to close in November 2026.
- · AI & Finance
Bailey proposes AI testing baseline, not new bank rules
Andrew Bailey wants UK banks to test frontier AI before and after deployment and learn from near misses — but his article sets out a governance starting point, not a new supervisory rule.
- · Fintech News
Zilch launches paid tiers, Pay Monthly and a payday advance
Zilch is rolling out two paid memberships, six- and 12-month Pay Monthly credit and £100 payday-linked advances, as the UK's new deferred payment credit rules take hold.
- · Crypto, Stablecoins & Tokenisation
Fiserv's stablecoin platform goes live in the US, not the UK
Fiserv's Digital Asset Platform is now live with US banks via Roughrider Coin, but the FCA's UK stablecoin rules differ sharply, and no transaction data yet confirms adoption at scale.
- · Open Banking
Why competing Pay by Bank schemes could fragment UK payments
UKPI's June 2026 launch gave the UK its first commercial Pay by Bank scheme for recurring payments, and the FCA wants rivals to follow - raising questions about integration costs and inconsistent protection.
- · Crypto, Stablecoins & Tokenisation
Marex launches cash-settled crypto derivative for institutions
Marex's new Rolling Spot product gives hedge funds and asset managers long or short crypto exposure through a cash-settled OTC derivative, without direct ownership, custody or delivery of the underlying tokens.
- · Regulation and policy
Why agentic AI widens the accountability gap in UK finance
UK financial firms are moving AI from answering questions to taking actions in fraud, claims and compliance, and reported evidence shows a gap between that adoption and the controls meant to govern it.
- · Fintech News
Revolut adds hotel loyalty transfers to RevPoints in the UK
Revolut now lets UK customers transfer RevPoints to four hotel loyalty schemes covering 20,000-plus properties; its help page also lists Hilton Honors, whose availability to all UK customers is unconfirmed.
- · Fraud & Cybersecurity
UK tops Europe for state-backed cyber activity, Microsoft finds
Microsoft's 2026 report puts the UK top of Europe for state-linked cyber activity and fifth globally for customer impact — with real implications for banks' identity and supplier risk.