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Banks given extra incentive to register for new central KYC database

Banks that submit 'know your customer' (KYC) data they hold to a new centralised KYC database will be able to access other banks' KYC information on the database for free next year, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) has... 30 Sep 2014

Banks can boost revenues through better use of payment data, report says

Banks can increase their revenues if they make better use of raw payment data, according to a new report. 30 Sep 2014

UK government to abolish 'death taxes' on unused pension savings

Defined contribution (DC) pension savers will be able to pass on any unused pension funds to a nominated beneficiary when they die without those funds being subject to a 55% tax charge, the UK's chancellor of the exchequer has announced. 30 Sep 2014

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