Revolut Reaches 10 Million Customers in the UK
- 1 year 4 months ago
- Banking
Revolut, the global financial technology company has today announced it has reached ten million customers in the UK. Revolut’s largest market, and where the company was founded in 2015 has added nearly two million UK customers so far in 2024 and continues to grow. Revolut has over 45 million customers globally.
Bank of England Holds Interest Rates
- 1 year 4 months ago
- Banking
The Bank of England is expected to maintain current interest rates on Thursday as it waits for clearer indications that inflation risks are under control. Instead, attention will shift to decisions regarding bond sales, which may influence Finance Minister Rachel Reeves’ upcoming first budget. While British inflation remained stable in August, it accelerated in the crucial services sector, leading analysts to anticipate a slower decline in... more
NAB Extends its Partnership with AWS
NAB has extended its long-term agreement with Amazon Web Services (AWS) as part of its multi-cloud strategy that continues to bolster the bank’s technology capability to improve customer experiences. The agreement will see NAB continue to accelerate the migration of key critical workloads to AWS cloud infrastructure and further develop its Generative AI (GenAI) capabilities – including automated code development and training.
Money20/20 USA Agenda Dives Deeper Into The Integration of AI and Finance
- 1 year 4 months ago
- Artificial Intelligence, Payments, Banking, FinTech StartUps, IT Innovations
Money20/20, the world's leading fintech show and the pl
Major Retail Banks to Introduce Singpass Face Verification, Further Strengthening Resilience Against Phishing Scams
- 1 year 4 months ago
- Banking
The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) today announced that major retail banks in Singapore will progressively implement Singpass Face Verification (SFV) over the next three months to strengthen the digital token (DT) setup process for retail banking customers.
CFPB Takes Action to Stop Banks from Harvesting Overdraft Fees Without Consumers' Consent
- 1 year 4 months ago
- Banking
Today, the Consumer Financial Protection Bureau (CFPB) published guidance to help federal and state consumer protection enforcers stop banks from charging overdraft fees based on phantom opt-in agreements.
88% of Top Global Banks Failing to Protect Themselves from Climate-Related Disruptions, New Ranking Reveals
- 1 year 4 months ago
- Banking
Most of the largest commercial banks in the world are lagging behind in implementing effective measures to climate-proof their operations and those of the businesses they finance, according to a new ranking which assesses how well banks are responding to escalating climate risks. Despite growing awareness of climate adaptation, the ranking reveals that only seven of the world’s top 50 banks are meeting more than half of the climate adaptation... more
Finastra Integrates with Prelim to Streamline Retail and Commercial Deposit Account Opening
- 1 year 4 months ago
- Banking
Finastra, a global provider of financial services software applications, today announced an integration with Prelim, an industry-leading fintech, for its Finastra Phoenix core solution, enhancing the retail and commercial deposit account opening experience.
Intergiro Launches No-Code White-Label Platform to Build Custom Mobile Banking Apps
- 1 year 4 months ago
- Mobile Banking
Swedish Banking as a Service provider, Intergiro, has today announced the launch of its no-code white-label app platform. Designed to meet the rising demand for quick market entry and streamlined development of digital banking applications, the platform enables businesses to deploy fully branded mobile banking apps in a matter of days, without the need for technical expertise.
UK Savings Week: LHV Bank Launches New Fixed Rate ISA at 4.30% on Hargreaves Lansdown Active Savings Platform
- 1 year 4 months ago
- Banking
Marking UK Savings Week, LHV Bank, one of the UK's newest licenced banks, has launched a new Fixed Rate ISA. Offering an attractive interest rate of 4.30% per annum, the new ISA is available exclusively through Hargreaves Lansdown’s Active Savings platform.
UK Trust in Banks Trails Europe and the US, with Concerns Over Fraud and Safety of Financial Information
- 1 year 4 months ago
- Banking
UK consumers have some of the worst trust levels in banks and financial providers when it comes to keeping their data safe, significantly lower than in Europe and the US. The new findings from CRIF, Europe’s leading provider of consumer and business credit information, reveal that just 53% of Brits trust their bank or provider to look after their data.
Judo Bank Upgrades Its Lending Business Banking Platform with Thought Machine Technology
- 1 year 4 months ago
- Banking
Thought Machine, the cloud-native banking technology company, today announces that its client Judo Bank, Australia's first purpose-built challenger bank for small and medium businesses (SME), has successfully migrated its lending business to Vault Core, Thought Machine’s cloud-native core banking platform, and is operating live.
Visa Boosts Consumer Protection with Smarter Bank Transfer Payments
- 1 year 4 months ago
- Banking
Visa today announced that it is applying the company’s infrastructure, technology and capabilities to account-to-account (A2A) payments, giving consumers more control and protection on how they pay via bank transfers.
FCA Sets Out Steps to Improve Access to Bank Accounts
- 1 year 4 months ago
- Banking
The FCA has recognized that banks, building societies and payment firms are trying to support customers to access accounts and is encouraging them to build on examples of existing good practice, such as working with homeless charities to tailor their support to the needs of customers in vulnerable circumstances.
