New challenger bank on UK scene, Chetwood Financial
UK’s challenger bank scene has got a new entrant – Chetwood Financial.
UK
London Assembly calls for change for short changed youth
Wants a bank account for every young Londoner.
Regtechs all the rage in Accenture’s latest innovation lab
Having their own dedicated stream for the first time.
DOS & Co to launch London’s first digital private bank
UK-based advisory firm DOS & Co is the latest name in challenger banking.
Top fintech stories this week – 5 January 2018
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Failed fundraiser closes the folio on Folio
Closing this month after it failed to meet its fundraising target.
Thomas Cook and Ferratum launch mobile banking app for holidays, Sumo
The first ever mobile banking app designed for holidays launched in Sweden. UK to follow.
Payments: contactless charitable cases
Charities large and small are waking up to the need to embrace contactless payments. Banking Technology looks at the drivers, challenges and opportunities.
Top fintech stories this week – 22 December 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
UK’s open banking service to go live in January 2018
The Open Banking Implementation Entity has confirmed that the UK will be the first nation to launch open banking.
Monimove unveils corporate supply chain finance platform
UK firm seeking to carve itself a slice of the credit management market.
City of London Group to launch challenger bank
In the process of obtaining a banking licence as it targets commercial, SME, bridging and development finance.
Ex-Barclays boss mulls £10m Tandem investment
Former Barclays boss, Bob Diamond, is in talks to buy a stake in UK-based challenger bank Tandem.
FCA publishes feedback on distributed ledger technology
The responses on the potential for future development of DLT in the markets it regulates.
SBDA Group closes Series A investment round
Banking personalisation firm SBDA landed investment from FinSight Ventures and Digital Space Ventures.
Shawbrook Bank in ClusterSeven risk management heaven
For the management of business-critical spreadsheets.
Nesta reveals ten winners of SME innovation challenge
Nesta names prize winners at the conclusion of stage one of its Open Up Challenge.
UK regulator finally acts as compere for bank account compares
Nothing quite compares to go compare for bank accounts in the UK.
UK cybersecurity centre showcases second wave of start-ups
The UK’s National Cyber Security Centre has revealed its latest batch of nine cybersecurity start-ups.
Infographic: GDPR & B2B marketers – less aware but more prepared
According to the latest research by DMA, a UK trade association for the one-to-one marketing industry, those in the B2B space are trailing slightly when it comes to having a detailed awareness of what the new General Data Protection Regulation (GDPR) laws entail.
Fintech Connect Live 2017: the unleashing of AI and ML
Fintech Connect Live 2017 is a gathering of some of the biggest players in the fintech. With the looming rise of open banking and the cryptocurrency surge, it’s the smaller start-ups and innovators of smart technologies in banking that are making headway with use of artificial intelligence (AI), machine learning (ML).
Infographic: insurtech job market
Meta search engine Joblift analysed the UK’s insurtech job market, comparing it to both the traditional insurance industry, and the insurtech market in the UK’s major competitor Germany.
UK university reveals security flaw in millions of banking apps
Researchers from the University of Birmingham in the UK have found a security flaw that put ten million banking app users at risk.
Moneycorp expands with acquisitions in Brazil and UK
The Moneycorp Group will acquire Brazilian foreign exchange business Novo Mundo Corretora de Cambio, and UK-based currency firm First Rate FX.
UK regulator puts out feelers for fourth wave of fintech firms
The UK’s Financial Conduct Authority (FCA) is now accepting applications from fintech firms to be part of its fourth sandbox phase.
Kuzzle to launch retail digital banking solution
Technology start-up Kuzzle, the open-source backend solution for mobile, web and internet of things (IoT), will launch its latest solution for digital banking at FinTech Connect Live in London.
HooYu to provide verification services for UK challenger bank Countingup
Challenger bank Countingup is the latest firm to call on London-based HooYu for its innovative identity confirmation services.
TSB unveils new banking tech platform, Proteo4UK
“We have created a more digital, agile and flexible TSB,” stated Paul Pester, CEO of TSB, at the unveiling of the bank’s new technology platform, Proteo4UK.
Supermarket victory sweep for Visa processing fees
Visa has come out victorious after the UK High Court dismissed the case against processing fees made by UK supermarket chain Sainsbury’s.
RBS closes 259 more branches and axes 680 jobs
There is another wave of cuts as the Royal Bank of Scotland (RBS) is closing 259 more branches and axing 680 jobs. This development follows the previous branch closure announcements which resulted in over 500 branches being lost. In June, RBS said 443 jobs are to go from its business loans department. Many of these […]
Case study: Triodos Bank – banking on ethical values
Triodos Bank in the UK stands out from the crowd for its ethical values but can it now kick on with a leap into the current account market? Banking Technology talks to UK MD, Bevis Watts, about this major development and the technology that underpins it.
Lloyds and Bank of Scotland hit by payment processing problems
Customers of Lloyds and Bank of Scotland have reported a host of payment processing problems as UK banks yet again fail to deliver banking services. In the repellent realm of Twitter, some users reported that wages weren’t paid at the end of the month. With the processing system down, bosses couldn’t pay their staff and […]
Lloyds to cut 49 more branches
The UK trade union Unite has revealed that Lloyds has informed staff it will be closing another 49 branches of the Halifax, Bank of Scotland and Lloyds, resulting in 99 job losses. Rob MacGregor, Unite national officer, says: “Having returned to profitability Lloyds needs to stop ignoring its corporate social responsibilities. Just over six months […]
Stress is less for banks after Bank of England test
It’s been a good year for banks as in a first since the launch in 2014, the (BoE) reveals that no bank needed to strengthen its capital position as a result of its latest stress test.
CYBG in exclusive partnership with Mastercard
Mastercard and Clydesdale and Yorkshire Banks (CYBG) have unveiled a seven-year agreement that allows for all CYBG debit, credit and commercial cards to use the Mastercard network.
Standard Life Investments goes live on Calastone settlements service
Global fund transaction network Calastone has revealed that Standard Life Investments (SLI) is live on its automated funds settlement solution.
Starling makes big European push
UK-based challenger bank Starling is taking the battle to lenders after being granted a contract allowing for a big push into wholesale banking in Europe.
UK urged to improve data protection for the digitally naive
Several consumer groups have written to UK Minister for Digital Matt Hancock urging changes to data privacy and protection rules, removing grey areas which allow companies to navigate breaches unscathed, reports Telecoms.com (Banking Technology‘s sister publication). Many rules and regulations should be viewed as dated today. This is not necessarily anyone’s fault, but is more […]
NatWest, RBS and Ulster Bank hit by online banking issues
This is becoming a regular fixture in the UK, as yet again British banks are reporting online banking problems. In the latest glitch, customers of NatWest, Royal Bank of Scotland (RBS) and Ulster Bank have been hampered by the outage. The trio say they are “aware of some issues” with their online banking services. Customers […]
Capital Home Loans swaps Computershare for Phoebus as lendtech provider
UK-based Capital Home Loans (CHL) has signed a five-year deal with Phoebus Software for its mortgage servicing solution.
