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HSBC and RBS set to launch new digital banking platforms

Wednesday 13 November 2019 10:54 CET | News

UK-based HSBC and RBS have announced the launch of new digital banking platforms.

HSBC rolled out a new app-based business banking service - previously known internally as ‘Project Iceberg’ and now named ‘HSBC Kinetic’ - in beta testing while RBS is putting the finishing touches to its new digital bank Bo ahead of a public roll-out later in November 2019.

Britain’s high street lenders are investing billions of pounds in new or refreshed digital services to meet growing customer demand. But they are playing catch-up when it comes to matching the technology of fast-growing startups like Monzo, Starling and Tandem.

HSBC Kinetic will offer small businesses mobile-managed current accounts, overdrafts and spending and cashflow insights generated by the app crunching data on a company’s spending habits.


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Keywords: HSBC, RBS, Royal Bank of Scotland, digital bank, digital banking platform, online banking, United Kingdom, Monzo, Starling, Tandem, HSBC Kinetic, Europe
Categories: Banking & Fintech | Online & Mobile Banking
Countries: United Kingdom
This article is part of category

Banking & Fintech






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