Category: Banks
Tesco’s Banking Exit Fuels Speculation of Wider Industry Consolidation
Supermarket Tesco has a struck a £600millon deal to sell its banking operations to Barclays with the bank taking over Tesco’s credit cards, loans and savings accounts. Does it reflect a wider […]
PayU Collaborates With Thought Machine to Expand Footprint in Indian Market
PayU, the India-based payment solutions provider, has successfully migrated its credit service, ‘LazyPay’, to core banking service provider Thought Machine’s cloud-native core banking platform, ‘Vault Core’, and is now live. The new […]
Allica Bank Celebrates £2Billion Lending Milestone as Big Banks Continue to Neglect SMEs
Allica Bank, the fintech challenger bank focused on established businesses with over ten employees, has completed more than £2billion in lending to UK businesses, with 80 per cent of that being to […]
Navigating Innovation: Fostering Collaboration Between Banks and Fintechs
Most of the fintech industry is made up of startups and SMEs, while most traditional banks have amassed a global reach, and are drastically bigger in practically every respect. Despite this, both […]
Current Account Switch Services Surpasses 10 Million Switches as UK Becomes More Money-Savvy
The UK’s Current Account Switch Service (CASS) is celebrating surpassing 10 million total switches since its inception, following its busiest-ever quarter. The Current Account Switch Service is a free UK service helping […]
ComplyAdvantage and FullCircl: Mastering PEP Risks in a Year of Political Change
As we foray into 2024, politically exposed persons (PEPs) continue to produce significant challenges across the globe. This is especially true for financial services organisations, which need to balance the potential risks […]
71% of UK and US Banking Institutions Concerned About Regulatory Processes; AutoRek Reveals
The majority of banking institutions feel they are not well enough equipped to accommodate any further regulatory change from an internal processes perspective; according to AutoRek, a fintech looking to set new standards […]
Wise UK Urges Transparency in Exchange Rates as £180Billion Hidden Fees Revealed
UK banks should be ‘more transparent’ about their exchange rates says international money transfer company Wise UK as it reveals a ‘widespread use of hidden fees’. According to research commissioned by Wise […]
Faster Payment Networks are a ‘Must-Have’ for 78% of US-Based Financial Firms
Financial firms in the US are highly interested in faster payment networks, with 78 per cent saying it is a ‘must-have’ for their organisation; according to Volante Technologies, the payments-as-a-service (PaaS) firm. […]
Starling Bank Joins FinTech Wales Community, With Plans to Help Create ‘High-Quality Employment’
Starling Bank has become the latest partner looking to empower Wales as a globally recognised hub of fintech excellence with FinTech Wales, the independent members association and champion of the fintech and […]
Germany expert commission releases report recommending legalization of early-stage abortion and amended laws for later-term pregnancies – JURIST
The Commission on Reproductive Self-Determination and Reproductive Medicine in Germany on Monday submitted a final report recommending the legalization of abortion within the first 12 weeks of pregnancy in the country.The German […]
Australia judge rules in defamation trial that former government adviser raped a colleague in parliament – JURIST
Australia Federal Court Justice Michael Lee found that former government adviser Bruce Lehrmann raped a colleague in a Parliament House office on Monday. The judge dismissed a defamation lawsuit Lehrmann brought against […]
Poland classifies attack on humanitarian aid workers as murder, demands Israeli cooperation in investigation – JURIST
The Polish government on Friday labeled the death of Polish aid worker Damian Soból as murder, following the deaths of seven humanitarian aid workers from the World Central Kitchen (WCK) serving in […]
Amnesty International urges immediate investigation into war crimes in Merawi, Ethiopia – JURIST
Amnesty International asserted Friday that African and global human rights bodies must urgently investigate alleged war crimes committed by the Ethiopian National Defense Forces (ENDF) in the town of Merawi, Amhara region, […]
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