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How Will Dynamic Loans Disrupt the Short Term Loans Industry

By | 2018-12-07T10:59:54+00:00 December 7th, 2018|Banking, Personal Finance|

By Mark Richards. The world of banking is changing – but right now no part of it is changing more fundamentally than loans. Mobile phone apps and the ever more sophisticated use of information means that loans can increasingly be tailored to a customer’s changing credit profile. We take a look at what’s happening… Over [...]

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Lloyds Turns To Google To Make Card Spending More Secure

By | 2018-12-05T11:40:50+00:00 December 5th, 2018|Banking, Personal Finance|

By Trevor Clawson. It’s very much a twenty-first-century problem. In a world where contactless cards are fast replacing cash as the preferred means to make even the smallest of purchases, the average bank statement can contain details of hundreds of transactions every month. Drinks bought at a bar, a newspaper purchased at a railway station, [...]

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Fears of digital divide in online shopping

By | 2018-12-04T09:57:22+00:00 December 4th, 2018|Banking, Business, Personal Finance|

By Mark Fairlie. A new EU regulation called “Payment Services Directive 2” (PSD2) may lead to consumers living in areas with poor mobile reception facing increased difficulties making online purchases, according to James Daley, the managing director of research and ratings agency, Fairer Finance. Under the new system, an extra layer of security will soon [...]

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An Unfinished Revolution – Technophobia Puts the Brakes on Banking Apps

By | 2018-11-21T14:37:04+00:00 November 21st, 2018|Banking, Personal Finance, Technology|

By Trevor Clawson. Last week I took possession of a shiny new iPhone and minutes after the man from UPS had made the delivery, I began the setup process. Around two screens in,  the phone invited me to add my card details to Apple Pay and at that point, I had to stop and think.  [...]

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Blocking Bank Fraud – A Simple Question Could Make it Harder for Scammers

By | 2018-10-24T11:56:33+00:00 October 24th, 2018|Banking|

By Trevor Clawson. More than £140m  was stolen from UK bank account holders in the first half of this year through so through so-called “push payment” scams. In response to growing concern about the scale of the problem, the organisation responsible for overseeing much of the transfer of money between accounts is stepping in with [...]

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P2P Lending Investment Returns Outstrip Many Market Competitors

By | 2018-10-19T08:35:50+00:00 October 17th, 2018|Banking, Personal Finance|

By Trevor Clawson. Peer to Peer (P2P) lending may be one of the newest kids on the investment block but according to new research from AltFi, it is paying out handsome returns. P2P lending arrived in the UK back in 2010 with the launch of Funding Circle. The idea was simple. In the wake of [...]

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Is something worse than 2008 around the corner?

By | 2018-11-12T13:06:07+00:00 October 16th, 2018|Banking, Business, Personal Finance|

By Mark Fairlie. In the latter part of 2008, financial markets around the world underwent the greatest level of upheaval and volatility since the Great Depression of the 1930s. Despite coming very close, according to some commentators, ATMs did, in the end, not stop dispensing cash and world trade did not collapse. In recent weeks, [...]

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Tesco Bank fined £16.4 million over 2016 cyber attack

By | 2018-10-02T08:42:44+00:00 October 2nd, 2018|Banking, Business, Personal Finance|

By Lauren Howells. Tesco Bank has been fined £16.4 million by the Financial Conduct Authority (FCA), following a “largely avoidable” cyber attack which took place in November 2016. The financial regulator said that the bank had failed to exercise due skill, care and diligence in protecting its current account holders against an attack. The cyber [...]

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Payment Fraud Costs Customers £500 But Are Banks Playing Fair?

By | 2018-09-26T13:34:07+00:00 September 26th, 2018|Banking, Personal Finance, Technology|

By Trevor Clawson. In the BBC television series Hustle, a gang of confidence tricksters are depicted as loveable rogues who target only the corrupt and greedy. “You can’t con an honest man,” was the mantra for the show. In reality, honest men and women are being conned every day by groups of criminals who are [...]

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Barclays Chair Under Fire for Claiming many PPI Claims are Fraudulent

By | 2018-09-25T09:12:04+00:00 September 25th, 2018|Banking, Personal Finance|

By Mark Fairlie. The PPI fraud that the banks perpetrated on British consumers over nearly three decades has turned into a fraud that millions of British consumers are now perpetrating on the banks with bogus claims, according to Barclays chairman, John MacFarlane, reports the Guardian. Seeming to suggest it was part of a wider government [...]

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