Articles with tag: banking competition remedies

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Cynergy Bank bids for GBP 10 mln from the Banking Competition Remedies

31 Aug 2020 | Payments General

Cynergy Bank has applied for a GBP 10 mln grant from Pool B of the Banking Competition Remedies (BCR).

Cynergy Bank, UK, fintech, challenger bank, digital bank, Banking Competition Remedies, banking, payments,

Fractal, untied to use Pool E money from BCR Capabilities and Innovation fund

19 Aug 2020 | Payments General

SMART (SMEs Manage Accounts Receivables and Tax) solution from Fractal and untied has won GBP 2.5 million Pool E bid for the Banking Competition Remedies (BCR) Capability and Innovation fund.

SMART, accounting, SMEs Manage Accounts Receivables and Tax, Fractal, united, Banking Competition Remedies, banking fintech, SMEs, tax, accounting, mobile app

Banking Competition Remedies offers GBP 5 mln to Onfido

19 Aug 2020 | Digital Identity, Security & Online Fraud

The Board of Banking Competition Remedies (BCR) has announced it is awarding Onfido a GBP 5 million grant from the Capability and Innovation Fund Pool.

Onfido, UK, Banking Competition Remedies, financial services, SMEs, BCR, funding, KYB, digital identity, security, biometrics, fraud detection, data anonymisation, fraud prevention

Tide and ClearBank join the race for Pool E fund

04 Aug 2020 | Payments General

Fintech Tide has submitted a joint bid with ClearBank as part of Banking Competition Remedies (BCR) USD 130 million Pool E fund.

Tide, ClearBank, Pool E, fintech, Banking Competition Remedies, BCR, Pool A, banking, technology, open banking, payments, SMEs

Trade Finance Global submits BCR bid to enhance tech

20 Jul 2020 | Payments General

Financing platform Trade Finance Global has submitted a bid as part of Banking Competition Remedies (BCR) GBP 100 million Pool E, according to AltFi.

Trade Finance Global, BCR, financing platform, Banking Competition Remedies, Metro Bank, Nationwide, grants, Starling Bank, Coconut, Equifax

Starling Bank seeks GBP 35 mln in competition funding

03 Jul 2020 | Payments General

Starling Bank has planned to apply for grants worth up to GBP 35 million from an EU-backed competition fund that has already awarded it GBP 100 million.

Starling Bank, competition funding, grants, EU-backed competition fund, startup bank, BCR, Banking Competition Remedies, SMEs, small business market, alternative remedies fund, Royal Bank of Scotland, UK, United Kingdom, banking market, EU state aid rules

Funding Xchange teams up with Enterprise Nation

29 Jun 2020 | Online & Mobile Banking

Business finance aggregator platform Funding Xchange has partnered with Enterprise Nation to implement innovation in business banking.

Funding Xchange, partnership, Enterprise Nation, BCR, banking, Banking Competition Remedies, UK, Royal Bank of Scotland, technology, Enterprise Nation Finance Portal, digital banks, challenger banks, banks

BCR extends the deadline for The Incentivised Switching Scheme

25 Jun 2020 | E-invoicing, SCF & E-procurement

Banking Competition Remedies (BCR) has extended the deadline on its EUR 249 million scheme to switch business current accounts away from RBS subsidiary Williams & Glyn. 

BCR, SME, Banking Competition Remedies, RBS, Williams & Glyn, Incentivised Switching Scheme, ISS, banks, Starling Bank, Metro Bank, Santander

Nationwide abandons move into business banking

08 Apr 2020 | Online & Mobile Banking

Nationwide, a UK-based mutual financial institution, has abandoned a move into business banking due to the impact of coronavirus.

Metro Bank, Nationwide, banking, online banking, funding, UK, Banking Competition Remedies, BCR

Atom Bank, iwoca, Currencycloud, Modulr to split GPB 40 mln in BCR cash

15 Aug 2019 | Payments General

Lenders iwoca and Atom Bank are among the recipients of a GBP 40 mln tranche of cash from the Banking Competition Remedies (BCR) fund.

Atom Bank, iwoca, Currencycloud, Modulr, Banking Competition Remedies, Royal Bank of Scotland, UK, banking, financing, lending, payments services, SME, B2B payments