U.K. banking

UK’s Open Banking Headwinds Point to Pitfalls of Innovation Through Regulation
UK’s Open Banking Headwinds Point to Pitfalls of Innovation Through Regulation
February 05, 2024  |  Banking

Open banking is set to change the world. But viewed through the lens of what’s happened so far, and through the lens of the United...

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UK SMBs May Soon Bank At Post Offices
UK SMBs May Soon Bank At Post Offices
April 02, 2019  |  B2B Payments

A proposal under the U.K.’s Labour Party would turn some post offices into bank branches, with policymakers pointing to the need to broaden access to...

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Starling Bank Raises £60M For Expansion
Starling Bank Raises £60M For Expansion
February 13, 2019  |  Investments

Starling Bank, the U.K. digital banking platform, announced on Wednesday (Feb. 13) that it has raised £60 million ($77.15 million) in venture funding. According to...

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Open Banking Connects iwoca To Lloyds Account Data
Open Banking Connects iwoca To Lloyds Account Data
November 01, 2018  |  B2B Payments

U.K.-based alternative small business lender iwoca is linking into data from Lloyd’s Bank accounts to streamline loan underwriting for joint customers. In an announcement on...

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Ninth Wave On Making Open Banking An Easier Pill For US Banks To Swallow
Ninth Wave On Making Open Banking An Easier Pill For US Banks To Swallow
October 11, 2018  |  B2B Payments

It’s no surprise the financial service industry’s move toward open banking may not be the most favorable trend among banks. With data considered under ownership...

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Money Transfer Co Monese Raises $60M For Global Expansion
Money Transfer Co Monese Raises $60M For Global Expansion
September 06, 2018  |  Investments

Monese, the U.K. bank challenger, announced on Wednesday (Sept. 6) that it has secured $60 million in venture funding. According to a company blog post,...

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UK Bank Acct Services At Risk Post-Brexit
UK Bank Acct Services At Risk Post-Brexit
August 24, 2018  |  International

Britons residing in the European Union (EU) may no longer have access to bank account services and businesses in the EU if a non-deal Brexit...

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FCA Rolls Out Rules To Help Consumers Make Better Financial Services Decisions
FCA Rolls Out Rules To Help Consumers Make Better Financial Services Decisions
August 16, 2018  |  Regulation

The Financial Conduct Authority (FCA) and the Competition and Markets Authority (CMA) announced on Thursday (Aug. 16) that consumers and small businesses will have better...

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RBS Flunks Small Businesses’ Test In New UK Report
RBS Flunks Small Businesses’ Test In New UK Report
August 16, 2018  |  B2B Payments

The U.K. Competition and Markets Authority (CMA) has released its biannual report on the best and worst financial institutions for small businesses, naming Handelsbanken in...

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