Tagged: royal bank of scotland

May 1, 2020 @ 1:14 pm By Samantha Hurst  |  

Royal Bank of Scotland (RBS) has reportedly shut down its mobile-app banking group Bó just six months after launching to the public. Bó is described as a small business with big ambitions. “We’re an app, a card, but most importantly a small change in your… Read More

April 24, 2020 @ 10:18 pm By Samantha Hurst  |  

NatWest, Royal Bank of Scotland and Ulster Bank announced earlier this week the introduction of a new “companion card,” which is described as a supplement to their existing current accounts that will enable vulnerable customers and those in extended isolation to give trusted volunteers a… Read More

April 6, 2020 @ 7:01 am By Omar Faridi  |  

Nationwide has halted its plans to offer business banking services, and has reportedly returned £50 million in Royal Bank of Scotland (RBS) bailout funds to the Banking Competition Remedies Board. In May 2019, Nationwide received a £50 million grant from the RBS bailout fund, in… Read More

January 29, 2020 @ 8:06 am By Samantha Hurst  |  

Royal Bank of Scotland recently announced its new £1 billion in funding through NatWest to support female entrepreneurs in the UK to scale and grow. The banking group revealed it is setting a target to support and inspire 500K people to consider starting a business,… Read More

January 22, 2020 @ 3:45 pm By Samantha Hurst  |  

The Royal Bank of Scotland recently announced it has launched a new £7 million program to help support communities and organizations across Scotland. The banking group reported that the Royal Bank 300 Fund has been set up to mark the bank’s 300th anniversary in 2027… Read More

November 13, 2019 @ 9:45 am By Omar Faridi  |  

HSBC Holdings plc (HSBC), a British multinational investment bank and financial services holding company, and the Royal Bank of Scotland Group plc (RBS) are preparing to introduce their digital banking platforms in order to meet client requirements. HSBC Kinetic, the bank’s new digital banking platform,… Read More

November 2, 2019 @ 11:37 am By Omar Faridi  |  

London-based Pollinate, a company that offers a merchant services platform, has reportedly launched after receiving £60 million (appr. $77.6 million) in investments. The company’s financial backers included EFM Asset Management, Mastercard, Motive Partners, and the Royal Bank of Scotland (RBS). Founded in 2017, Pollinate provides… Read More

May 23, 2019 @ 11:31 am By JD Alois  |  

Aspiring Fintech Loot has shuttered its doors and gone into administration. According to a statement posted on their website, Loot has hired Henry Anthony Shinners and Adam Henry Stephens of Smith & Williamson LLP to handle the dissolution. The Royal Bank of Scotland (RBS) was… Read More

May 1, 2019 @ 12:55 pm By Samantha Hurst  |  

Royal Bank of Scotland (RBS) announced on Wednesday the launch of its online investment service. According to the banking group, the Royal Bank Invest offers customers an opportunity to invest online from  £50, on a self-select or Automated Advice basis. Customers will be able to… Read More

January 7, 2019 @ 10:48 am By Samantha Hurst  |  

Loot, a UK-based digital bank startup, has reportedly received an investment from the Royal Bank of Scotland (RBS). According to FT, RBS has taken a 25% stake in the startup as it prepares to launch a new digital bank. The investment was made on behalf of… Read More

December 10, 2017 @ 3:30 pm By JD Alois  |  

On December 1st, the Royal Bank of Scotland (RBS) announced it would close 62 RBS branches and 197 NatWest branches. The shuttering of these bank branches is not unique to RBS and is indicative of the global Fintech revolution. This is not the first time… Read More

February 15, 2017 @ 11:16 am By Samantha Hurst  |  

Royal Bank of Scotland’s NatWest announced it is set to launch its very own digital SME lending platform called Esme. The new platform is notably set to offer new and existing NatWest customers with unsecured loans that are worth up to £150,000 for a maximum… Read More

June 10, 2015 @ 3:52 pm By Samantha Hurst  |  

Mercator Advisory Group’s latest research, An Introduction to Peer-to-Peer Lending: A European Perspective analyzes the new and fast growing payments segment peer-to-peer (P2P) lending and the business models underpinning it. The report focuses on P2P lending providers in the European market, in particular the U.K., profiling the leaders… Read More

April 28, 2015 @ 7:55 am By Erin Hobey  |  

“Banks are at a huge disadvantage with their high salary bills and antiquated technology systems, peer to peer offers an innovative, simple and better result which costs customers less. That said, I also predict huge opportunities for banks and peer-to-peer lenders to continue to work together… Read More

January 22, 2015 @ 8:48 am By JD Alois  |  

The Royal Bank of Scotland has struck an arrangement with leading peer to peer lenders Funding Circle and Assetz Capital that should give UK small business a boost.  RBS announced it will now formally refer small business borrowers to P2P lenders.  The strategic shift is… Read More