( October 31, 2023, 09:24 GMT | Official Statement) -- MLex Summary: Challenger banks Monzo, Starling and Metro have reported the highest rate of fraudulent transactions of 14 large banks operating in the UK. Monzo also reported one of the lowest rates of reimbursement for its customers who were victims of fraud, with only 22 percent of losses reimbursed. At the other end of the spectrum, TSB, Nationwide and HSBC respectively refunded 91 percent, 78 percent and 73 percent of the value of their customers’ fraud losses last year, new data by the Payment Systems Regulator shows.Statement below, report attached...
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