Revolut has said Meta’s action on tackling fraud has fallen “woefully short” of requirements and has called on Facebook’s owner to contribute to the reimbursement of victims defrauded on its sites.

Sterling dropped to a two-week low in early Thursday trading, after Bank of England governor Andrew Bailey held out the prospect of becoming “a bit more aggressive” in cutting interest rates. The ...

UK banks will be given new powers to delay payments suspected to be fraudulent, as the government tackles the millions lost to scammers every year. New laws proposed by the government will extend the ...

Banks across the globe are facing significant challenges in the adoption of Swift’s ISO 20022 standard. The new transaction format requires an overhaul of many major banks’ legacy systems, functioning ...