Non-bank competitors

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/Non-bank competitors

Barclays takes the crown at Digital Wallet Foundry

A seven man team from Barclays Bank, using tools from FreedomPay and their own Pingit mobile payments app, emerged with top honours at Microsoft's week long Digital Wallet Foundry hack-a-thon in London.

/Non-bank competitors

Wal-Mart partners Amex on bank account alternative

US retail giant Wal-Mart has teamed up with American Express to launch Bluebird, a mobile-heavy alternative to bank debit and current accounts.

/Non-bank competitors

Nutmeg introduces private banking for regular people

Nutmeg, an online investment manager promising to offer private banking-type services for everyone, has launched in the UK.

/Non-bank competitors

UN urges central banks to allow postal services to issue e-money

Central banks should make sure that postal operators can issue electronic money so that they can offer mobile financial services and help bank the unbanked, according to a report from a United Nations agency.

/Non-bank competitors

M&S launches current account; plans more branches

UK retail giant Marks & Spencer has stepped up its banking operations, launching a current account and promising to open up a raft of new in-store branches by the end of the year.

/Non-bank competitors

Virgin Money opens first store

Virgin Money has opened its first 'store' - a refurbished Northern Rock branch - in Guildford, Surrey as it prepares to take on Britain's high street old-guard.

/Non-bank competitors

Asda makes financial services play

UK supermarket giant Asda has re-branded its personal finance arm as it prepares to become the latest retailer to take on traditional high street banks.

/Non-bank competitors

Tesco Bank sales dip as resources diverted to tech migration

Tesco Bank sales dipped by 3.7% for the first quarter 2012 as the high street retailer diverted resources to completing its migration to a new technology platform.

/Non-bank competitors

Marks & Spencer to move into high street banking

UK retailer Marks & Spencer is to move into high street banking with the launch of M&S Bank next month.

/Non-bank competitors

UK govt bids to kickstart small biz lending with £100m funding for P2P players

The UK government is inviting peer-to-peer lenders to apply for a slice of a £100 million pot that has been earmarked for firms that can offer alternative lending sources for small businesses.

/Non-bank competitors

Yodlee sets up incubator and open API for digital finance start-ups

US account aggregation outfit Yodlee has set up an accelerator and incubator programme for start-ups to develop, test and run new digital banking applications over its FinApp open API platform.

/Non-bank competitors

Austrian telco to extend NFC payments programme to the high street point-of-sale

Telekom Austria is to extend its established paybox NFC scheme for parking and transit payments to the merchant point-of-sale.

/Non-bank competitors

Funding Circle raises £10 million

Funding Circle, the UK peer-to-peer lending site for small businesses, has raised £10 million in a second funding round led by Index Ventures.

/Non-bank competitors

Would you bank with Apple?

Apple may have the hottest stock, the coolest tech and the biggest cash pile in history, but consumers would still be wary of switching their bank accounts to a new model iBank.

/Non-bank competitors

Pre-paid outfit Green Dot cleared to buy bank

US pre-paid card outfit Green Dot has been given the all clear by regulators to buy Bonneville, a small Utah-based bank.

/Non-bank competitors

BankSimple rebrands; opens doors to first customers

US banking startup BankSimple is inviting its first customers onboard and rebranding the company to plain Simple.

/Non-bank competitors

Tesco to delay migration to new banking system

UK retailer Tesco is to delay its push into the full-service banking market for fear of repeating the technical mishaps that locked out customers during the summer switch to a new banking platform.

/Non-bank competitors

Tesco Bank adds price comparison engine to insurance quotes

UK supermarket bank Tesco is to offer customers the option of using its own brand price comparison service to rate home and insurance quotes served up by the retailer's online banking portal against competitor offerings.

/Non-bank competitors

Citi slaps down Bank 2.0 rivals in Innotribe face-off

Financial heavyweight Citi has faced off a challenge to old-bank hegemony with a powerful display of its technological prowess that knocked the wind out of a room-full of Bank 2.0 innovation gurus and digital evangelists at an Innotribe session at Sibos in Toronto.

/Non-bank competitors

Banks sceptical about meeting 2014 Sepa compliance deadline

Bankers and corporates do not expect to meet a 2014 deadline for Sepa compliance, according to a straw poll of delegates conducted during a panel discussion of the controversial payment initiative at the annual congress of banking co-operative Swift.