632 articles tagged with this keyword
News/Non-bank competitors
San Francisco-based online personal finance outfit Mint has raised $14 million in a series c financing round led by Dag Ventures.
13 August 2009
UK supermarket chain Tesco is continuing to ramp up its challenge to traditional banks, entering into exclusive discussions with Fortis over a partnership to provide motor and household insurance.
26 June 2009
UK supermarket chain Tesco plans to open 30 bank branches in its stores by the end of 2009 as it looks to cash in on consumer mistrust of traditional banks and extend its presence in financial services.
30 March 2009
UK supermarket Tesco is set to create 200 new banking jobs at a new Edinburgh headquarters for its financial services business.
06 March 2009
UK supermarket Tesco has received full approval from the Financial Services Authority for its takeover of the chain's personal finance arm, and poached retail banking chief Paulette Rowe from former partner Royal Bank of Scotland to head its marketing operations.
19 December 2008
Kenyan finance minister John Michuki has ordered an audit of Safaricom's mobile money transfer service M-Pesa, in an effort to allay concerns about the safety of users' money.
11 December 2008
Online money management start-up Wesabe is moving into the UK market through a Web partnership with broadsheet newspaper The Daily Telegraph.
11 November 2008
Consumers shopping online are increasingly turning away from traditional financial institution-controlled credit and debit cards to embrace cash-based alternative payment options, according to an analysis by US-based Javelin Strategy & Research.
A new peer-to-peer (P2P) lending platform called Loanio has launched in the US which is aimed at customers with poor credit records, such as sub-prime borrowers.
02 October 2008
UK supermarket giant Tesco is looking to capitalise on the credit crunch by offering its customers home loans as well as current accounts.
01 October 2008
UK supermarket giant Tesco is set to ramp up its retail banking services after agreeing a £950 million deal to buy out the personal finance joint venture it established with Royal Bank of Scotland (RBS).
28 July 2008
Social banking platforms - such as peer-to-peer (P2P) lending networks like Zopa and Prosper - will grow to control 10% of the worldwide market for retail lending and financial planning by 2010, according to research by consultancy Gartner.
06 February 2008
Canadian peer-to-peer loan start-up CommunityLend has secured $2.5 million in funding and rounded out its management team in advance of a live launch slated for Q1 2008.
20 December 2007
PayPal has released Mobile Checkout - which enables customers to pay for purchases using Web-enabled phones - to account holders in Australia.
23 November 2007
The number of online transactions will more than double to reach $355.2 billion by 2012, according to a US study released by Javelin Research & Strategy which also predicts increasing take up "alternative payment methods" such as PayPal.
26 September 2007
LendingClub, the peer-to-peer social lending site launched on Facebook three months ago has secured $10.26 million in a Series A funding round led by Canaan Partners and Norwest Venture Partners.
24 August 2007
UK supermarkets have the potential to take millions of UK current account holders away from banks according to research conducted by personal finance Web site Motley Fool.
08 August 2007
UK insurance group Admiral has ended discussions with private equity firms over the sale of a minority stake in its price comparison Web site Confused.com after failing to agree a price.
13 July 2007
UK supermarket chain Tesco is to extend a trial of euro-dispensing cash machines to twenty sites following positive feedback from an initial pilot programme.
11 July 2007
Virgin Money is to launch a pre-paid MasterCard in the UK this summer in association with e-money issuer PrePay Technologies.
04 July 2007
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