AGP Executive Report
Last update: 3 hours agoPayments & Banking Ops: Pay.UK has launched a flexible liquidity model for Faster Payments Net Sender Caps, cutting pre-funding barriers for non-bank and non-traditional providers. Banking Resilience: A new report argues resilience is now about keeping revenue and customer trust intact during cyber and third-party outages, not just business continuity. Banking Performance Pressure: Research says almost a third of banks take more than a day to clear reconciliation exceptions, underlining why automation and unified messaging are becoming urgent. Fintech Funding: London AI investor MDOTM has raised $27m growth equity to expand its Sphere platform for asset and wealth managers. Crypto Markets: Bitcoin rebounded toward $62k as ETF inflows returned, with broader altcoins following. UK Regulation & Tax: The Supreme Court backed BlueCrest in a case on the “salaried member” rules for LLPs, while HMRC consults on how shareholder proceeds from non-UK companies should be taxed for individuals. Household Finance: NatWest says pocket money for kids rose to £506 a year on average, and the DWP confirmed July state pension payment dates. Scams & Consumer Risk: A warning highlights social media fake accommodation listings, urging travellers to verify listings before booking. Banking Costs: The Co-operative Bank removed foreign transaction fees on debit cards used abroad.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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