
Understanding the 2024 current account switch: What the numbers really say
UK current account switching hit 1.2m in 2024, but banks face retention issues as digital challengers win loyalty with seamless, transparent customer experiences.

UK current account switching hit 1.2m in 2024, but banks face retention issues as digital challengers win loyalty with seamless, transparent customer experiences.

The UK’s BNPL sector is transitioning to FCA regulation, with providers adapting to new compliance, transparency, and consumer protection standards.

As FCA expectations rise, a tailored compliance monitoring programme is essential for payments firms to manage risk, ensure accountability, and support sustainable growth.