Banks and industry body UK Finance are building a voluntary digital verification service. The system is set to let customers prove their identity online without paper. At the same time the Bank of England and the Financial Conduct Authority have published one joint approach to regulate issuers of systemic stablecoins, aiming to protect that financial system.
Barclays has bought its London headquarters for £750 million. Broadstone named a new Banking & Credit Director. An EY employee has been charged after accessing the Australian prime minister’s bank details. UK banks are additionally testing swipe‑right interfaces that let users open accounts with a single gesture.