Category: Uncategorized

Metro Bank Plans to Invest £55 Million in Tech This Year

LONDON — Metro Bank, the challenger bank known for its bold High Street branches, is going digital. CEO Craig Donaldson told Business Insider on Thursday that the startup bank plans to invest £55 million in technology this year. Donaldson said: “This year...

Barclays Opens ‘Biggest Fintech Center in Europe’ As It Aims to Experiment And Spot Early Trends

U.K. lender Barclays has opened a new innovation centre in Shoreditch, London, for its in-house banking and technology teams, as well as more than 40 co-located financial technology (fintech) start-ups. The announcement on Tuesday claimed the new Rise facility in east...

Ocado Shares Jump on M&S Partnership Hopes

Ocado shares jumped by as much as 9pc this morning on the back of hopes the online grocer could secure a technology deal with Marks & Spencer. The Sunday Telegraph reported that Ocado and Marks & Spencer were mulling a partnership as a...

Nationwide Says It Is Prepared to Buck The Trend by Opening New Branches As Major Banks Flee Towns

Nationwide has said it is prepared to step into communities deprived of branch banking services if a pilot scheme proves successful. The building society’s decision to back the high street comes as the major banks – led by HSBC, Lloyds and...

Barclay Brothers Eye £3bn-plus Price Tag for Shop Direct

BC Partners and CVC are among potential suitors for the fast-growing owner of the Littlewoods brand, Sky News learns. The reclusive twins who own Shop Direct, the retail group behind the Very and Littlewoods brands, are targeting a £3bn-plus price tag...

Insurance Companies Face a Giant Leap into CX

As technology has moved on, the insurance industry has failed to keep up and now customers are responding by moving to more innovative firms that put customer experience first. There’s no doubt that customer experience (CX) gives insurers a competitive...

Financial Industry Leaders and Their Adaptability to Market Trends in 2017

The financial industry is changing faster than ever before, and the ability to stay ahead of the curve has never played a larger role in determining the success of an organisation. The changes are presenting a formidable challenge for many...

17 Fintech Businesses That Could One Day Be Worth Over $1 Billion

LONDON — GP Bullhound, a boutique investment bank focused on tech, on Thursday published an in-depth report looking at the global fintech industry. The report found 39 fintech companies around the world already valued at $1 billion or over, and found...

The 15 Biggest Banks in Europe by Total Assets

LONDON — S&P Global Intelligence on Friday released its annual ranking of the world’s biggest banks by assets, with Chinese banks dominating the list, securing the top four spots. US banks also fared strongly, but which European banks are the...

FXA: A Quick Look at the Leading Consumer and Market Trends for 2017

Change is catching up with the financial industry quicker than ever before and processes which stayed the same for decades are being turned upside down in favor of better customer experience and improved customer care. With the rise of better technology...