In an update to its 2018 strategic review of retail banking, the FCA found that, while still strong, there are signs large banks’ historic advantages are starting to weaken, driven... read more
The post FCA review shows evidence of growing competition to Big 4 in retail banking appeared first on Payments Cards & Mobile.
The Bank of London, set up to approve and process payments in the UK clearing market, will launch for only the second time in 250 years as it aims to... read more
The post The Bank of London launches to tackle UK clearing market inefficiencies appeared first on Payments Cards & Mobile.
New research suggests that the UK’s largest retail banking brands’ ascendency in the savings account market could be under threat. According to the report by Deposit Solutions, a fifth (20%)... more
The post Challenger Vs Incumbent – The great savings account battle? appeared first on Payments Cards & Mobile.
A group of 12 regional and digital financial institutions have joined together as investors and members in KY3P, for managing third-party risk and optimising the processes by which financial institutions... more
Barclaycard and Barclays customers can now use Apple Pay to pay at the hundreds of thousands of locations across the UK that accept contactless payments. The introduction of Apple Pay for Barclaycard and Barclays customers gives millions more UK consumers the ability to conveniently make payments using iPhone, Apple Watch and iPad at over 400,000 contactless [...]