CYBG is planning to launch a new service in May 2018 allowing users of its B smartphone app to access new open banking technology and see their accounts with other lenders. The B app is used by around 150,000 people
Dealogic study has found that European banks have raised half of their market value in new equity from investors over the past decade. Banks have raised around half a trillion euros in equity to recapitalise themselves since the start of 2008
Metro Bank has announced the release of an AI-powered money management service called Insights. The service, developed with Personetics, will be available through the bank’s app to all personal customers this summer.
Barclays has been advised by Edward Bramson, the activist investor, that it should look to divest its large trading business to free up £60bn of risk-weighted assets to invest in other business
Centtrip has launched Centtrip Now, which enables multinational companies to make local and international payments in 15 different currencies, with transactions settled in seconds with no fee
Cifas has reported that cases of identity fraud increased by 1% year-on-year to 174,523 in 2017. Eight out of 10 fraudulent applications were made online, and more than a third of bank account takeover victims were over 60-years-old
TransferWise has become the first non-bank direct member of the UK’s Faster Payment scheme