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Christine Lagarde on the Mary Poppins effect and the villainisation of bankers

/inclusion

Christine Lagarde on the Mary Poppins effect and the villainisation of bankers

Christine Lagarde, managing director of the International Monetary Fund, is pushing back at the characterisation of bankers as villains, pointing out that financial institutions help families buy homes and save for rainy days.

/retail

Al Taif Islamic Bank signs for Finastra Fusion Islamic

Al Taif Islamic Bank has chosen Fusion Islamic, Finastra’s core banking solution dedicated to the Islamic market, to kick start its retail business.

/Branch banking

Instant card issuing vendor Evolis creates Japanese subsidiary

Evolis announces the formation of a wholly-owned subsidiary in Tokyo, Evolis Japan K.K. The French group designs, manufactures and commercializes a complete range of personalization and issuance solutions for plastic cards in various markets such as retail, hospitality, banking or public administrations across the globe.

/Branch banking

NatWest opens new 'digital branch'

In the new NatWest digital store, customers can drop in and have a coffee while carrying out transactions, either on their own or branch devices.

UOB targets Singapore's 'emerging affluent' with state-of-the-art branch

/ai

UOB targets Singapore's 'emerging affluent' with state-of-the-art branch

United Overseas Bank (UOB) is mixing the physical and the digital with a new tech-packed branch focussed on Singapore's large "emerging affluent" class.

/Branch banking

Commercial Bank of Kuwait installs video kiosks at 68 branches

Commercial Bank of Kuwait has started to adopt the smart-branch model by creating a flexible and cost-effective virtual banking system that would allow remote consultations via video kiosks — touchscreen PCs with connected headsets.

IBM scores $260m deal with Bank of the Philippine Islands

/Branch banking

IBM scores $260m deal with Bank of the Philippine Islands

The Bank of the Philippine Islands (BPI) is looking to boost its digital transformation through a $260 million, multi-year services agreement with IBM.

/Branch banking

CYBG's new branch in Manchester offers free yoga classses and events space

CYBG is continuing to cement its position as the UK’s leading challenger bank with the opening of a new state-of-the-art SME hub and retail store in the heart of Manchester.

Banco Santander to close 140 branches in the UK

/Branch banking

Banco Santander to close 140 branches in the UK

Banco Santander is to shut a fifth of its UK branches with a loss of 1279 jobs as footfall across the estate plummets.

/Branch banking

UnionBank opens first fully-digital branch in the Philippines

Appian (NASDAQ: APPN) announces that UnionBank of the Philippines used the Appian Platform to launch its first fully digital branch.

Open Banking year one: Insights from the CMA9 and more

/Branch banking

Open Banking year one: Insights from the CMA9 and more

A review of the first year of the UK’s groundbreaking experiment in Open Banking. What worked? What didn’t? And what next?

Brits more likely to get divorced than dump their bank – Tandem

/retail

Brits more likely to get divorced than dump their bank – Tandem

With the 8th of January marking Divorce Day – the UK’s most popular day to start divorce proceedings - Tandem Bank product director Matt Ford revealed that despite the act of changing banking provider becoming simpler, consumers are still misinformed and discouraged.

/retail

Millennium BCP picks Auriga for branch overhaul

Like so many other banks, Millennium BCP is reviewing its large branch network. While this has led to some closure and relocation of branches, Millennium BCP was determined to use the review as an opportunity to create a new kind of customer-centric branch format for the future.

/Branch banking

Coventry Building Society launches five-year multimillion-pound redesign of its branch network

Coventry Building Society, a UK top ten savings and mortgages provider, has launched a branch redesign programme which will see the Society invest significantly in its network over the next five years.

Two-thirds of UK bank branches have closed in the past 30 years

/Branch banking

Two-thirds of UK bank branches have closed in the past 30 years

The UK has lost almost two thirds of its bank branches in the last 30 years, leaving a fifth of households now more than three kilometres from their nearest branch, according to figures compiled by consumer group Which?.

Open banking slow burn means just 22% of consumers have heard of the concept

/Branch banking

Open banking slow burn means just 22% of consumers have heard of the concept

LendIt Europe 2018 welcomed fintech enthusiasts who attended fireside chats and panel discussions on subjects such as financial inclusion, regulatory innovation and identity before coming on to the hotly debated topic of open banking.

/Branch banking

Consumers' access to financial services inquiry launched

The Treasury Committee launches a new inquiry into consumers’ access to financial services.

Mobile-only challenger Starling arrives on the high street; picks up new funding

/Branch banking

Mobile-only challenger Starling arrives on the high street; picks up new funding

App-only bank Starling is coming to the high street thanks to a partnership with the Post Office to offer 'Everyday Banking' services to both its personal and business customers.

N26 to offer Mastercard exchange rate with no mark-up in event of no deal Brexit

/Branch banking

N26 to offer Mastercard exchange rate with no mark-up in event of no deal Brexit

In an interview with Finextra, N26’s head of international markets Alex Weber reveals that in the event of a no deal Brexit, the German challenger bank will continue to offer the same Mastercard exchange rates as it currently does, despite the potential dissolution of the cross-border payment fee cap.

/Branch banking

Citibank opens first Citigold branch in San Francisco

Citibank is inaugurating today its first Citigold Center in San Francisco, located in the historic Pacific Gas & Electric Company Building at 245 Market Street in the heart of the financial district.

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