Eleven banks have been granted access to a £350 million ($443 million USD) program that will allow for them to take business clients away from the Royal Bank of Scotland (RBS). According to Financial Times (FT), RBS is funding the program as concessions for a...
As Europe and the U.K. continue efforts to boost competition in the financial services (FinServ) space, much of their attention has landed on small companies’ ability to switch banking providers, should they choose to do so. A new report from Cashfac and Ovum suggested small...
With fears mounting over supply chain and financial disruptions as a result of Brexit, the Royal Bank of Scotland (RBS) has reportedly set aside a fund worth $2.6 billion to help small- and medium-sized businesses (SMBs) manage and mitigate the uncertainty. Reports in the Financial...
U.K. alternative financial service (FinServ) players promising a small business (SMB) banking revolution — and a challenge to the status quo established by high-street banks — may have spoken too soon. The U.K. market has seen a surge in challenger banks and FinTech firms vowing...
