Articles with tag: royal bank of scotland

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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

PSR's Confirmation of Payee goes live

02 Jul 2020 | Online Payments

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

Oxbury, ClearBank partner to provide banking solutions to British farmers

01 Jul 2020 | E-invoicing, SCF & E-procurement

UK-based fintech Oxbury has selected ClearBank’s cloud-based banking platform to gain full access to the UK payment schemes.

Oxbury, ClearBank, banking, banking license, cloud banking platform, fintech, payments, lending, Barclays, HSBC, Lloyds, Royal Bank of Scotland, farm business, Oxbury Bank Platform, API, OxP, Oxbury Farm Credit

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

Global investment banking revenue slipped 3 percent in 2019

25 Mar 2020 | Payments General

The five largest global banks hit USD 26.1 billion in investment banking revenue in 2019, 3% down on the year, according to data gathered by LearnBonds.

investment banking, banking, merger, acquisition, JP Morgan, Royal Bank of Scotland, UBS, underwriter, Morgan Stanley, Bank of America

RBS sees rise in profits after renaming as NatWest

14 Feb 2020 | Payments General

RBS has reported a 27% rise in pre-tax operating profit for 2019 to GBP 4.2 bln as management announced renaming the bank NatWest.

RBS, Royal Bank of Scotland, NatWest, rebranding, banking, profit, bank, incumbent bank, financial crisis, UK, United Kingdom

RBS's digital bank Bo reissues cards to comply with new EU rules

06 Feb 2020 | Cards

Royal Bank of Scotland's new digital bank Bo has announced it is reissuing debit cards to 6,000 of its customers who signed up to the app before 3 January 2020.

Bo, RBS, Royal Bank of Scotland, Visa, Mastercard, cards, card network, debit card, digital bank, pin machine, EU regulation, fraud prevention, bank

Banks stop currency service after Travelex's cyber-attack

09 Jan 2020 | Digital Identity, Security & Online Fraud

After the ransomware cyber-attack on Travelex, a number of High Street banks have stopped customers ordering foreign currency.

Travelex, banks, currency service, cyber-attack, ransomware, cyber recovery, travel money, Lloyds, Barclays, Royal Bank of Scotland

NatWest's launches youth-focused digital bank Bó

26 Nov 2019 | Online & Mobile Banking

Royal Bank of Scotland has announced launching digital challenger Bó, using National Westminster Bank’s banking licence.

National Westminster Bank, Natwest, RBS, Royal Bank of Scotland, digital bank, online bank, Mettle, Mimo, challenger bank, UK, United Kingdom, Europe, milennial

HSBC and RBS set to launch new digital banking platforms

13 Nov 2019 | Online & Mobile Banking

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

HSBC, RBS, Royal Bank of Scotland, digital bank, digital banking platform, online banking, United Kingdom, Monzo, Starling, Tandem, HSBC Kinetic, Europe

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

Starling, Metro Bank, Clearbank seize GBP 280 mln from RBS Competition Fund

26 Feb 2019 | Payments General

Three UK challenger banks have received part of the GBP 280 mln first tranche of a fund set up by RBS in the wake of the bank\s 2008 bailout.

Starling, Metro Bank, Clearbank, RBS, Royal Bank of Scotland, RBS Competition Fund, funding round, bank bailout, bank expansion, UK, Europe

RBS warns that Brexit puts GBP 44 bln worth of business per day at risk

18 Feb 2019 | Payments General

Royal Bank of Scotland has issued a warning that Brexit puts its ability to clear daily cross-border payments under threat.

Royal Bank of Scotland, Brexit, cross-border payments, banking, payments, Europe, UK, daily transactions,

Gambling on credit cards could be banned in UK

14 Jan 2019 | Cards

The UK government has announced that it considers banning the use of credit cards in gambling, The Guardian reports.

UK, gaming, gambling, credit card, Barclays, Lloyds, Santander, Royal Bank of Scotland, Gambling Commission

RBS secures 25 percent stake in digital current account Loot

08 Jan 2019 | Payments General

The Royal Bank of Scotland’s (RBS) new digital-only retail bank Bó has invested GBP 2 million in the digital current account Loot – taking its total stake to 25%.

Royal Bank of Scotland, Loot, digital, banking, retail banking, mobile, RBS,

UK: Vizolution secures GBP 10 mln in funding

02 Nov 2018 | Payments General

Vizolution, the UK-based customer experience tech provider, has secured GBP 10 million in funding from Santander, Royal Bank of Scotland (RBS), and HSBC.

Banking, digital, retail banking, HSBC, Royal Bank of Scotland, Santander, Vizolution, UK

Royal Bank of Scotland invests GBP 2 bln Brexit funding for SMEs

24 Oct 2018 | E-invoicing, SCF & E-procurement

Royal Bank of Scotland has set aside GBP 2 billion in funding for services that will help SMEs deal with Brexit.

Royal Bank of Scotland, Brexit, SMEs, trade finance, e-invoicing, supply chain, financial risks, UK