Articles in ‘Financial Services’ Category

The long awaited, government-backed review into the UK’s fintech industry has warned that the UK risks falling behind in the global fintech race if its recommendations aren’t swiftly implemented.

Banking and financial services businesses have for many years monitored the work patterns and behaviours their staff. Since the coronavirus pandemic and the subsequent seismic shift in working patterns, we are now seeing an increasing number of employers monitoring their staff in their own homes.

As we approach the end of the first six months after the signing of the UK-EU Trade and Cooperation Agreement, uncertainty continues for UK firms offering financial services within the EU market.

As has been widely reported in the news, much of Afghanistan is currently under Taliban rule. Many UK banks are therefore seeking advice regarding the evolving Afghan situation, and what to do as regards their customers, and wider business, in the region.

Updated – 18.03.2022 As has been widely reported in the news, the UK has announced new financial sanctions against Russia, in response to its military offensive against Ukraine. Governments in the US and the…

From the deliberate poaching of staff, through to people leaving to set up a competitor – for many financial services firms leavers present the biggest security risk.

Fraud has been in the spotlight recently: “Take Five” anti-fraud campaign has made headlines, and UK Finance has released their report on fraud covering the first half of 2021. We are taking the opportunity to look at some fraud statistics; the challenges the industry is facing from fraud; areas which are particularly sensitive or exposed to fraud; and the overall impact that fraud can have on businesses.

According to the Financial Times, across UK banking, the market in green and sustainability-linked financing is growing at an estimated 80%, making it among the fastest-growing segments of the credit market.

The High Court has recently considered the interesting question of whether a 400% increase in the interest rate applicable under a loan agreement after the loan redemption date had passed, constituted an unacceptable penalty and should therefore be struck down.