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Wahed opens branch in London

Wahed, a financial investment company that aims to advance financial inclusion through accessible, affordable, and values-based investing, today announced that it has opened a physical branch in Central London and launched a new debit card to help the UK’s 3.9 million Muslims manage their money.

Cashless Denmark records a year without bank robberies

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Cashless Denmark records a year without bank robberies

Denmark's transition away from cash has seen the country record its first ever year in which it experienced zero bank robberies.

OneBanx raises £1.27 million on Crowdcube

/retail

OneBanx raises £1.27 million on Crowdcube

Shared bank branch operator OneBanx has closed on a £1.27 million raise on Crowdcube.

Bank of Ireland to invest €11.5 million in branch network

/retail

Bank of Ireland to invest €11.5 million in branch network

After shuttering a third of its high street outlets last year, Bank of Ireland plans to invest €11.5m million across its remaining nationwide branch network in 2023.

HSBC to shut 114 more branches next year; offers free tablets to customers impacted

/retail

HSBC to shut 114 more branches next year; offers free tablets to customers impacted

HSBC is to shutter 114 bank branches in the UK next year, as footfall on the high street declines further in the wake of the Covid pandemic.

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OneBanx names Lorraine Tanner as head of risk and compliance

Lorraine Tanner has joined the OneBanx leadership team as Head of Risk and Compliance as it gears up for the next stage of its development.

/retail

Auriga digital assistant makes debut

Auriga, a global software provider for the omnichannel banking and payments industry, today announced a significant development of its digital self-service branch solution Bank4Me.

Portugal's BPI opens VR branch

/retail

Portugal's BPI opens VR branch

Portuguese bank BPI is entering the metaverse, opening a virtual reality branch that customers can visit through Meta's Oculus VR headset.

Lloyds launches fintech sandbox with NayaOne

/startups

Lloyds launches fintech sandbox with NayaOne

UK high street bank Lloyds has stepped up its efforts to engage with fintechs with the release of its Innovation Sandbox supported by NayaOne.

/retail

ICICI opens digital banking hubs

ICICI Bank today announced the launch of four Digital Banking Units (DBUs) to offer banking services to its customers digitally. The launch is part of the government’s plan to set up 75 DBUs in as many districts to commemorate 75 years of India's independence.

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Singaporeans need further nudge to adopt mobile banking - survey

Despite close to nine in 10 Singaporeans (88 per cent) use mobile banking at least a few times a month, many Singaporeans are still using ATMs and visiting bank branches.

FCA toughens stance on bank branch closures

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FCA toughens stance on bank branch closures

The Financial Conduct Authority (FCA) has set additional expectations for banks that are considering branch or ATM closures.

UK's bank branch sharing project to be extended

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UK's bank branch sharing project to be extended

A trial project involving bank branches shared by multiple institutions is set to be rolled out across the UK.

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Ondato launches virtual branch service

Ondato,​​ a KYC and AML company that provides video-based ID verification systems to banks as part of its technology, today launches a virtual branch service solution that enables physical, digital and hybrid banks to provide customers with virtual face-to-face appointments

MPs call for 'Big Bang' to free up challenger banks

/regulation

MPs call for 'Big Bang' to free up challenger banks

The UK should broaden its open banking model to accelerate the growth of fintech as part of a wider new financial services "Big Bang", according to a group of MPs.

Barclays closes more branches

/retail

Barclays closes more branches

Barclays has marked another 18 branches for closure, bringing the total number of sites shuttered this year to 178.

/retail

First Tech Federal Credit Union digitises banking processes with Zebra

Zebra Technologies, an innovator at the front line of business with solutions and partners that deliver a performance edge, today announced First Tech Federal Credit Union (First Tech) has selected Reflexis for Banking to increase staff effectiveness and productivity and to elevate customer service.

Lloyds to shut another 66 branches

/retail

Lloyds to shut another 66 branches

Lloyds Banking Group has identified another 66 branches for closure over the next few months.

AIB makes u-turn on decision to scrap ATMs following backlash

/payments

AIB makes u-turn on decision to scrap ATMs following backlash

In a media release circulated by Paddy McDonnell, head of media relations for AIB, the bank announced it will retain its 170-strong branch network and will not remove cash services from 70 of its branches - a reversal on its announcement earlier this week.

Ireland's AIB to scrap ATMs at 70 branches

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Ireland's AIB to scrap ATMs at 70 branches

Irish high street bank AIB is set to discontinue cash services at 70 of its branches in a move that has caused an outcry in rural Ireland.

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