Friction by Design: The APP Fraud Liability Shift & Revolut’s £1.7bn - Machine Episode 3

We all want frictionless payments, right? Not if the PSR has anything to say about it.This week on The FinTech Rundown, Ari and Nova dissect the ultimate product management paradox: how do you build seamless Open Banking checkout experiences when new Authorised Push Payment (APP) fraud rules mandate "friction by design"?

Before we plunge into the deep end of the B2B2C liability trap, we are tearing through a massive week at the news desk:

• The £1.7 Billion Flex: Revolut posts staggering profitability metrics. We break down how shedding their e-money restrictions for a full UK banking licence turned them into an unstoppable cross-selling machine.
• The P-R-A Shows Its Teeth: A £2 million fine hits the clearing infrastructure. A stark reminder that while front-end UX can move fast and break things, back-end compliance absolutely cannot.
• Agentic A-I Meets Legacy Banking: HSBC appoints its first Chief AI Officer. Are autonomous financial agents the future of banking, or a Consumer Duty nightmare waiting to happen?
• Tokenised Pounds: Monument Bank launches the UK’s first regulated tokenised retail deposit programme, bringing smart contracts directly to the consumer.

The Product Deep Dive: The PSR has laid out its roadmap, and the fifty-fifty liability split for APP fraud changes everything. We analyse why the push for commercial Variable Recurring Payments (VRPs) is directly colliding with mandatory warning screens and dynamic risk assessments. If you are a product manager building in the UK bill payments sector, we explain exactly why collaborative risk scoring is the only way to save your conversion rates.Grab your coffee and plug in. The UK payments landscape is shifting, and we are right at the elbow of the curve.

This episode includes AI-generated content.