Tesco Bank - News, Articles & Research

Tesco Bank sells credit cards, loans and savings operations to Barclays

The £600 million deal has an "initial" agreement lasting 10 years.

09 February 2024

Banks join with Experian to launch 'tell-it-once' platform for disabled consumers

HSBC, Nationwide, Tesco Bank, Newday and Ovo have joined with Experian to launch a one-stop portal for disabled consumers to tell multiple service providers how they need to be contacted and what support they need to access their services.

04 October 2023

News/retail

Tesco mulls sale of banking unit

UK supermarket chain Tesco is mulling the sale of its banking arm, Sky News reports.

20 February 2023

News/identity

Tesco Bank brings biometric onboarding to new Pay+ shopping app

Tesco Bank is using biometric authentication technology from Onfido to speed up onboarding for its Clubcard Pay+ account, through which users can ring-fence their grocery spend from any existing bank account.

08 March 2022

Company announcement/people

Tiku Patel joins Tesco Bank board

Tesco Bank has today unveiled its board's new independent non-executive director, Tiku Patel – CEO of private equity owned technology and analytics driven motor finance provider, Blue Motor Finance.

30 December 2021

Company announcement/retail

Tesco Bank to transfer 200 debt collecting staff to Arrow Global in outsourcing deal

Arrow Global Group plc ("Arrow") and Tesco Bank have announced plans to transfer the collections and recoveries operations (Financial Assist) within Tesco Bank’s Customer Service division to Arrow.

18 August 2021

News/retail

Tesco Bank to close all current accounts

The banking arm of UK supermarket giant Tesco is closing all current accounts because the majority of customers do not use them.

26 July 2021

Company announcement/identity

Ping Identity and ProofID unite to simplify identity security for Tesco Bank

Ping Identity (NYSE: PING), the Intelligent Identity solution for the enterprise, has partnered with ProofID to successfully simplify identity security for Tesco Bank, the banking division of the UK’s largest supermarket retailer, to enable a more secure and customer-centric banking experience.

18 May 2021

Company announcement/retail

Tesco Bank enlists imimobile to boost mobile app usage

Global cloud communications software and solutions provider, imimobile, part of Cisco, today announced that it is working with Tesco Bank to enhance its customer interactions and increase usage of its mobile banking application.

27 April 2021

News/security

Which? investigation finds worrying gaps in bank security systems

Santander, Tesco Bank and TSB have "serious vulnerabilities" in security that could leave their customers exposed to fraud, according to an investigation by consumer watchdog Which?.

07 January 2021

Company announcement/payments

Tesco Bank and MoneyGram tweak pricing structure

The partnership between Tesco Bank and MoneyGram International, Inc., a global leader in cross-border P2P payments and money transfers, has been further enhanced by the launch of a new, simplified pricing structure for international money transfers.

09 December 2020

Company announcement/retail

Tesco Underwriting employs low-code for claims handling

Tesco Underwriting has partnered with Netcall, a leading provider of low-code and customer engagement solutions, to significantly enhance its complex claims handling process.

08 December 2020