Earlier this month, the UK treasury announced plans to fine banks if they fail to provide citizens with access to free cash withdrawal and deposit services ‘where they live’. The boundaries have been set at one mile in town centres, and three miles in rural areas. The move comes as the UK’s high streets continue to evolve. Once a hub for commerce,...
07 September 2023 Banking Strategy, Digital and Transformation
Should access to digital payments be a right, rather than a privilege? This question has come into sharp focus in recent weeks in the UK after a high-profile dispute between former politician Nigel Farage - a controversial divisive figure in British politics after his high-profile campaigning for Brexit - and Coutts Bank, who had decided to close ...
25 August 2023
The rise of digital banking, and challenger banks, have without doubt been a positive thing overall. Digital payment acceptance and the growth of ecommerce has allowed new, digital-first services to emerge, increasing consumer choice. But in embracing digital, the decline of cash payments has prompted many businesses to go cashless - which reduces ...
08 August 2023 Digital Banking
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