Payments provider Contis has applied for the Royal Bank of Scotland (RBS) and Banking Competition Remedies (BCR) Alternative Remedies Package, two grants totaling £35 million ($46 million), which it intends to use for a variety of new, digital payment technologies for small- and medium-sized businesses...
Bó, the digital bank developed by U.K. High Street lender Royal Bank of Scotland (RBS), is being closed down by the British state-backed lender NatWest, following a six-month opening launch, according to a Yahoo Finance UK report. One of Britain’s largest banks, Bó had been positioned to...
Nationwide Building Society has pushed back the rollout of its small- to medium-sized business (SMB) account to later this year, instead wanting to focus for now on the testing of its mobile app and building an open banking-powered switching tool, according to Finextra. The company...
Bankers in the U.K. are asking for government intervention in what they call a “farcical” program meant to help business banking after the program experienced a number of setbacks, including one bank returning half of its awarded money, according to a report by the Financial...
May 30, 2024
NatWest has extended the Mastercard Business Savings program to include small business debit card customers in the United Kingdom. Previously, the program was only available to NatWest and RBS business credit card holders, the bank said in a Thursday (May 30) press release. The program allows small business customers to access merchant offers and cashback […]
July 03, 2019
With challenger banking revving up in the U.K. market, High Street challenger banks are looking for ways to continue to set themselves apart with consumer and small business clients. Reports...
July 01, 2019
The European Union is going to approve the Fidelity National Information Services Inc (FIS) $35 billion dollar bid for payments outfit Worldpay with unconditional antitrust approval, according to a report...
June 17, 2019
After financial startup Loot reportedly went into administration in May, Loot Founder Ollie Purdue is reportedly becoming a part of a digital bank being developed by RBS-owned Natwest called Bó....
