The United Kingdom’s economic and finance ministry, HM Treasury, is proposing rules for banks to combat “unfair bank account closures.” The proposed rules are meant to protect freedom of expression, HM Treasury said in a Thursday (July 20) press release. “The government has stepped in to address...
The use of application programming interfaces (APIs) in banking is growing, making it critical for financial institutions to develop a strong API strategy to integrate with third parties and business partners. In fact, “there’s an opportunity to API-enable pretty much all customer journeys,” Claire Melling, NatWest...
The U.K.’s largest mortgage lenders have agreed on measures to help struggling borrowers. The new measures follow a meeting between the chancellor, Jeremy Hunt, and representatives of the country’s major mortgage lenders earlier this month. In that meeting, Barclays, HSBC, Lloyds, Nationwide, NatWest Group, Santander...
The U.K.’s major banks have joined forces to protect consumers’ access to cash. A new nonprofit company called Cash Access UK has been set up by the country’s main banks and building societies to promote the development of shared banking hubs across the country. According...
April 05, 2023
The use of application programming interfaces (APIs) in banking is growing, making it critical for financial institutions to develop a strong API strategy to integrate with third parties and business partners. In fact, “there’s an opportunity to API-enable pretty much all customer journeys,” Claire Melling, NatWest Group head of Bank of APIs told PYMNTS in an interview, adding […]
June 20, 2024
NatWest Group, one of the largest banks in the U.K., has announced its acquisition of the banking business of Sainsbury’s, the second-largest grocer in the country. The deal, worth £2.5 billion ($3.2 billion), will increase NatWest’s assets and customer accounts, aligning with the bank’s strategy to expand its retail banking operations. This move follows a […]
July 20, 2023
The United Kingdom’s economic and finance ministry, HM Treasury, is proposing rules for banks to combat “unfair bank account closures.” The proposed rules are meant to protect freedom of expression, HM...
December 28, 2022
The U.K.’s largest mortgage lenders have agreed on measures to help struggling borrowers. The new measures follow a meeting between the chancellor, Jeremy Hunt, and representatives of the country’s major...
December 19, 2022
The U.K.’s major banks have joined forces to protect consumers’ access to cash. A new nonprofit company called Cash Access UK has been set up by the country’s main banks...
