From www.icaew.com: (UK context) New measures in the UK financial services sector require banks to reimburse victims of authorized push payment (APP) scams within five days, with increased powers for banks to delay suspicious transactions for further investigation.

Starling Bank received a £29 million fine from the FCA for failing to manage its customer verification processes properly amidst rapid growth.

These changes aim to enhance fraud protection for consumers, but may lead to slower payment processing and potential shifts in the retail banking business model.