Bank of Ireland has announced it is investing €10m into branch development. The bank is also setting up a ‘Startlab’ incubator facility above its Camden Street, Dublin branch
Challenger banks including Secure Trust, Aldermore, OneSavings Bank and Shawbrook have asked Brussels to force UK officials to meet them for urgent talks over plans to offload part of Royal Bank of Scotland Group’s business lending operations. In a letter to Margrethe Vestager, the EU Competition Commissioner, the challenger banks argue that the latest plan will not meet the original mandate laid out by the European Commission and will fail in its objective of boosting competition in Britain’s small business banking sector
Kaspersky Lab research has found that 24% of banks worldwide struggle with the identification of their customers when delivering digital and online banking services. The latest Financial Institutions Security Risks survey also found that 30% of banks have had security incidents affecting banking services delivered via the internet
Barclays has opened its new open innovation site, Rise London, in Shoreditch – hailed as Europe’s “largest co-working space dedicated to fintech”. The site will house its in house banking and technology teams as well as 40 start ups, and host multiple events, hackathons, networking and learning events to help develop innovative ideas for the financial services sector
