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News/Non-bank competitors
Bank innovation evangelist and inveterate Finextra blogger Brett King took to the stage at the Sibos international banking conference in Toronto to outline his plans for the creation of Movenbank, an entirely new branchless, paperless, and mobile centric bank.
19 September 2011
Finextra TV/Non-bank competitors
Steve O'Neill, head of branch marketing at HSBC, talks with Finextra about how the branch still has a place in the future of retail banking.
12 August 2011
Non-bank competition in the payments market is set to hot up as Google launches its own credit card and PayPal expands on its bricks-and-mortar strategy.
21 July 2011
Days after claiming to have fixed the problem, Tesco Bank is still being affected by a computer glitch that is preventing some savings customers from accessing their accounts online.
23 June 2011
UK retailer Tesco says it is in the final stages of introducing its own systems and infrastructure for its fully-fledged banking operation, with savings and loans products now available to new customers
14 June 2011
UK wireless carrier O2 has contracted with Wave Crest, FIS, Intelligent Environments and Visa Europe to deliver the payments and processing systems for the launch of a full-scale commercial mobile wallet service in the 'second half of 2011'.
19 May 2011
Social networking giant Facebook has set up a payments subsidiary, registering it in various US states.
22 March 2011
Jack Dorsey, CEO of Square, has taken to Twitter to announce that the mobile payments start-up is now processing more than $1 million a day.
03 March 2011
London-based online credit outfit Wonga has completed a £73 million funding round led by US venture capitalist Oak Investment Partners.
17 February 2011
UK high street chain Marks & Spencer is considering opening banks inside 55 stores through a tie up with HSBC, according to Bloomberg.
22 December 2010
Twelve technology start-ups are competing for venture capitalists' blessing at a session on the final day of Sibos, the annual event run by financial messaging body Swift.
28 October 2010
A business that aims to create a complete view of a bank's financial health by using recycled financial messages is the favourite to win the Innotribe Lab pitching contest held at Sibos, the annual conference held by financial messaging body Swift.
Tesco's ambition to build a full service banking operation has suffered a setback after the Financial Services Authority delayed giving the supermarket clearance to offer mortgages, according to the Observer.
04 October 2010
US conglomerate General Electric is planning to launch an online bank, becoming the latest player to take on Britain's high street financial institutions, according to the Sunday Times.
16 August 2010
New entrants to the UK banking market will have a fight on their hands to woo customers away from the security of their existing banks, with just 38% of consumers prepared to consider switching their current account to a brand new bank, according to research by financial comparison site uSwitch.
15 July 2010
Giant German industrial conglomerate Siemens has applied for a banking licence in an effort to reduce its dependence on troubled eurozone banks for financing.
29 June 2010
With traditional high street banks losing public confidence in the wake of the financial crisis, online provider first direct and P2P lender Zopa have taken advantage to emerge as the industry's most trusted players, according to research from Moneywise magazine.
18 June 2010
Metro Bank, the first new high street player to enter the UK market for 100 years, will open its doors to customers in six weeks.
16 June 2010
Retail giant Walmart is ramping up its assault on the financial services sector, acquiring a minor stake in US pre-paid outfit Green Dot and launching its first credit card in Canada on the back of a recently awarded banking license in the country.
The slew of new technologically savvy outfits hoping to break into the British banking market face a daunting task, with the six big lenders actually emerging from the credit crunch stronger than ever, according to the banks team at Citi.
21 April 2010
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