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Trade Finance Global submits BCR bid to enhance tech

News | Payments General | 20 Jul 2020

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

PSR's Confirmation of Payee goes live

News | Online Payments | 02 Jul 2020

Six UK-based banking groups, covering around 90% of bank transfers, have fully implemented the Payments Systems Regulator’ Confirmation of Payee with effect from 30 June 2020.

UK, United Kingdom, PSR, Payments Systems Regulator, Confirmation of Payee, CoP, bank transfers, banking groups, Lloyds, Bank of Scotland, Halifax, Royal Bank of Scotland, NatWest, Ulster Bank, HSBC, First Direct, Barclays, Santander, Nationwide, payments , TSB, Authorised Push Payment, APP scams

OBIE launches online app store amid COVID-19

News | Online & Mobile Banking | 09 Jun 2020

The Open Banking Implementation Entity (OBIE) has announced the launch of an online app store to assist customers with finding open banking-enabled financial products. 

OBIE, CMA, Open Banking, COVID-19, Allied Irish Bank, Bank of Ireland, Barclays, Danske, HSBC, Lloyds Banking Group, Nationwide, RBS Group, Santander, App Store, financial products, budgeting, accountancy & tax, payments , borrowing, debt advice, financial safeguarding, The Power of Network, Ecosystem Infographic, TPP Events

Flagstone fintech obtains EUR 13.5 mln funding

News | Online & Mobile Banking | 04 May 2020

UK-based fintech Flagstone has secured EUR 13.5 million funding from OMERS Ventures, Kindred Capital, and Moneysupermarket Group.

Flagstone, OMERS Ventures, Kindred Capital, Moneysupermarket Group, HSBC, Nationwide, challenger banks, FSCS protection, cash deposit accounts, portfolio, cash deposit platform, Revolut, UK, United Kingdom

Nationwide abandons move into business banking

News | Online & Mobile Banking | 08 Apr 2020

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

British bank Nationwide delaying all incoming payments due to a glitch

News | Online & Mobile Banking | 19 Mar 2020

On March 17, 2020, Nationwide delayed all incoming faster payments due to a fault in its system, according to City AM.

Nationwide, bank, technical glitch, payments , incoming payments, UK, coronavirus outbreak

Nationwide's payment glitch leaves customers unable to pay bills and rent

News | Digital Identity, Security & Online Fraud | 03 Feb 2020

Nationwide customers have affirmed that they were unable to pay bills and rent after a glitch which delayed payments, The Sun reports.

Nationwide, payment glitch, bills, rent, banking, breach, accounts, savings, withdrawal, ATMs, transfers, fees

Nationwide building society opens up systems through mortgage API

News | Payments General | 26 Nov 2019

Nationwide Building Society has announced it is trialling an application programming interface that will enable its mortgage brokers to link directly to some of its systems, according to Computer Weekly.

Nationwide, API, mortgage

Nationwide sets up London collaboration space to boost Open Banking

News | Payments General | 01 Oct 2019

Nationwide and five other fintechs have announced working together in collaboration space in UK.

Nationwide, Openwrks, Ducit.ai, Trezeo, Toucan, Tully, collaboration space, Open Banking, UK, startup, Open API, PSD2