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FCA review shows evidence of growing competition to Big 4 in retail banking
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
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The Bank of London launches to tackle UK clearing market inefficiencies
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.
Half of global population to use digital banking by 2026
A new study has found that 53% of the world’s population will access digital banking services in 2026; reaching over 4.2 billion digital banking users, from 2.5 billion in 2021.... read more
The post Half of global population to use digital banking by 2026 appeared first on Payments Cards & Mobile.
Incumbent fights back: HSBC launch Global Money Account a free money transfer app
Whilst the focus is always on the FinTech party eating the incumbent lunch, HSBC has struck back in the money transfer battle by launching Global Money Account, its own fee-free international... more
The post Incumbent fights back: HSBC launch Global Money Account a free money transfer app appeared first on Payments Cards & Mobile.
Challenger Vs Incumbent – The great savings account battle?
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.
