639 articles tagged with this keyword
News/Non-bank competitors
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
The world's biggest handset manufacturer Nokia has teamed with Obopay to launch a mobile financial management and payments service targeted at unbanked people in developing countries.
26 August 2009
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
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