633 articles tagged with this keyword
News/Non-bank competitors
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
The UK government has published plans to turn the Post Office and its 11,500-strong branch network into a "people's bank" offering a range of financial services.
29 March 2010
Virgin Money has taken a decisive step into the UK retail banking market after agreeing to buy the small regional private bank Church House Trust for £12.3 million.
08 January 2010
The UK government has launched a public consultation on proposals to offer more financial products and services through the Post Office network.
02 December 2009
Aspiring supermarket bank Tesco has selected Fiserv to provide the core technology platform for its push into the UK's retail financial services arena.
20 November 2009
UK retailer Argos is moving into the financial services price comparison market with the launch of a new Website, Argos Compare.
11 November 2009
Tesco has changed the name of its personal finance unit to Tesco Bank, reflecting the UK supermarket's determination to take on established high street players. It has also selected the core technology platforms for the division.
07 October 2009
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.