Tagged: natwest

March 15, 2023 @ 8:53 am By Omar Faridi  |  

NatWest is increasing customer protection against crypto-criminals “after £329m was lost by consumers last year.” A daily limit of £1000 and a 30-day payment limit of £5000 to cryptocurrency exchanges is being “implemented to help protect customers losing life changing sums of money.” Cryptocurrency investments… Read More

February 24, 2023 @ 12:22 pm By Omar Faridi  |  

NatWest and NAB have published a jointly authored white paper “exploring the common threads that bind both Australia’s Consumer Data Right (CDR) and the UK’s Open Banking regime.” The agenda-setting whitepaper “highlights the similarities in the policies that underpin both regimes: to increase competition, innovation… Read More

February 17, 2023 @ 10:46 am By JD Alois  |  

Cushon, a Seedrs portfolio company, was acquired by Natwest Group – announced this past week. NatWest is acquiring an 85% majority shareholding in Cushon with the company’s existing management retaining the remaining 15%. Cushon’s main products are a workplace ISA and a master trust pension…. Read More

February 14, 2023 @ 3:13 pm By Omar Faridi  |  

Cushon’s primary products are its workplace ISA and master trust pension – which offers an investment strategy “designed to drive down the financed CO2 emissions of customers’ investments.” It also offers Junior and Lifetime ISAs, as well as “a general investment account.” The intended acquisition… Read More

February 11, 2023 @ 11:56 am By Omar Faridi  |  

Carbon credit transaction network Carbonplace has raised $45 million in “a strategic round of investment and formed its own entity.” Carbonplace, which “connects buyers and sellers of carbon credits through their banks, secured the seed funding from the financial institutions which founded the fintech: BBVA,… Read More

December 17, 2022 @ 10:38 am By Omar Faridi  |  

Financial habit forming platform, Updraft, announces its latest investment round, raising another £108 million in equity and debt “to power its ambitious growth strategy and deliver savings to its fast-growing user base of 300k members.” The senior debt funding round of £100 million was “led… Read More

November 24, 2022 @ 9:39 am By Omar Faridi  |  

Financial services firms across the UK are being urged to prioritize investment and training in skills “including digital literacy, coaching and software development to help the sector tackle ongoing skills gaps and to boost its competitiveness.” The five core skills and behaviors also “include creative… Read More

October 21, 2022 @ 6:34 pm By Omar Faridi  |  

NatWest Group plc has entered into a partnership with the Vodeno Group (comprising of Vodeno Limited and its subsidiaries) which will see the creation of a Banking-as-a-Service (BaaS) business in the UK. This strategic partnership will “enable businesses to embed financial services products such as… Read More

October 4, 2022 @ 10:58 am By JD Alois  |  

DBT, a Swedish online lender serving SMEs, has raised a SEK 3.1 billion (~$285 million) debt facility from UK-based NatWest and Värde Partners, according to a company statement. Värde Partners is a US-based investment firm and currently manages $2 billion of financial services debt and equity… Read More

August 14, 2022 @ 8:51 pm By Omar Faridi  |  

Oak Engage is reportedly deploying NatWest Group with Adaptive Intelligence which went live recently as a way for firms to enhance their digital worker experience. The Newcastle-headquartered intranet technology company, Oak Engage, says that Adaptive Intelligence should assist firms with engaging with their workers more… Read More

June 16, 2022 @ 9:01 pm By Omar Faridi  |  

NatWest recently revealed that it’s introducing a QR code-based version of its online payment service PayIt in order to help companies accept faster payments of invoices. Available within the NatWest Business Banking App and using PayIt as the tech backbone, the feature, called PayMe, allows… Read More

June 7, 2022 @ 1:20 pm By Omar Faridi  |  

NatWest announced that it is working cooperatively with Accenture (NYSE: ACN) and Microsoft (NASDAQ: MSFT) in order to build an innovative client engagement platform that will aim to replace its multi-system, legacy frontline architecture. As mentioned in the update, the platform will aim to integrate… Read More

May 31, 2022 @ 3:14 pm By Omar Faridi  |  

NatWest has introduced an API that allows commercial clients to embed Confirmation of Payee into their own systems and processes. Confirmation of Payee was launched across the United Kingdom’s banking sector in June 2020 in order to combat scammers and safeguard against user errors. The… Read More

May 7, 2022 @ 1:35 pm By Omar Faridi  |  

NatWest Group has entered agreements with three payment providers – TrueLayer, GoCardless and Crezco – in order to offer Variable Recurring Payments (VRP) as “a new and convenient payment option for businesses and consumers.” This “industry first” means that NatWest Group will be the first… Read More

April 14, 2022 @ 11:40 pm By Omar Faridi  |  

NatWest has announced a 3-year partnership with The University of Edinburgh Centre for Business, Climate Change and Sustainability. The £1.5 million partnership will aim to facilitate the delivery of a climate education program to 16,000 people across the NatWest Group by the end of 2024,… Read More

March 29, 2022 @ 11:32 am By Omar Faridi  |  

Mettle, the NatWest-backed digital account for small businesses operating in the United Kingdom, has reported 500% customer growth since the beginning of last year, reaching 50,000 clients nationwide. Established back in 2018, the app-only banking service offers hard-pressed freelance workers, sole traders, and small business… Read More

March 24, 2022 @ 12:34 pm By Omar Faridi  |  

Meta (NASDAQ:FB) has launched a partnership with NatWest, the United Kingdom’s largest business bank, in order to provide financial readiness training and other support “to female business owners.” This is available to all women entrepreneurs as part of Meta‘s #SheMeansBusiness program, which “provides digital skills… Read More

January 28, 2022 @ 5:58 pm By Omar Faridi  |  

NatWest Group, the banking and financial services organization that serves around 19 million UK clients, has reportedly become the first major banking institution to sign-up and support the Good Business Pays campaign. NatWest Group is one of the largest business and commercial banks in the… Read More

December 19, 2021 @ 9:50 pm By Omar Faridi  |  

Marieke Flament, the Chief Executive at NatWest’s virtual bank for businesses, is reportedly getting ready to leave her role after two and a half years. Flament will be joining Switzerland-headquartered blockchain foundation NEAR as the CEO, she confirmed in statements shared with Reuters. The non-profit… Read More

December 14, 2021 @ 8:59 am By Omar Faridi  |  

British bank NatWest has reportedly been fined £264.8 million (appr. $354.30 million) on Monday (December 14, 2021) for failing to comply with appropriate money laundering regulations in a case that marked the first time that the United Kingdom’s financial regulators pursued criminal charges for these… Read More