Banking by app to overtake online by 2019
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More consumers will bank via their app than online by next year, according to industry analysts CACI.
Articles on the banking sector from our leading edge monthly magazine, FS Focus.
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More consumers will bank via their app than online by next year, according to industry analysts CACI.
Five years after data compliance requirement BCBS 239 was introduced, Rob Konowalchuk investigates what’s changed and where banks are heading.
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The state-backed Royal Bank of Scotland (RBS) is working on secret plans to create a stand-alone digital challenger bank to compete with emerging fintech leaders like Monzo and Revolut.
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The challenger bank announced its first ever full-year profit before tax of £18.7m in 2017, with a strong expansion seeing its assets and loans both grow by more than 60%.
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Deutsche Bank is planning to cut up to 500 trading and investment-banking jobs globally, as part of cost cutting efforts.
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The Financial Conduct Authority is pushing for more companies to be allowed to complain to the Financial Ombudsman Service if they’ve been treated badly by their banks.
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UK banks will be forced to reveal how long it takes to open a current account and how often they have suffered security breaches, under new rules devised to encourage account switching.
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UK banking stocks made big gains after global rules designed to prevent a repeat of the 2008 financial crisis proved softer than investors initially feared.
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Eurex Clearing has attracted the likes of HSBC, Citigroup, BBVA and JP Morgan to its service on the continent, proving a great threat to London’s dominant clearing industry.
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Digital challenger Atom Bank is looking for new investment to sustain its rate of growth, as it eyes £1bn of deposit holdings.