Challenger banks

Revolut slashes fraud with disposable virtual cards Digital banking startup Revolut is hailing its recent introduction of disposable virtual cards for online purchases, claiming a 30% reduction [...]

Barclays has taken-out an enterprise-wide license agreement with Simudyne to investigate new ways to manage risk in a simulated virtual environment. The bank has been using Simudyne’s toolkit to [...]

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 [...]

HSBC is planning to integrate Quantexa’s AI software to screen the data it holds on customers and their transactions against publicly available data, in a move to identify suspicious activity. [...]

Starling Bank is to integrate its app with PensionBee’s pension transfer service and is planning further partnerships with Wealthsimple, Habito and Kasko in the near future, according to City AM. [...]

Altus Consulting has said that PSD2 will help banks re-enter the advice market and consolidate their clients’ pension assets. Big banks not already offering advice are poised to launch [...]

Funding Circle is planning to raise capital from a planned stock market listing in 2018 to fund a marketing campaign in the US. The peer-to-peer lender’s brand awareness in the UK is 8% [...]

ING Bank and Illuminate Financial survey has found that fintechs and banks believe they are partners in disrupting the financial services market. The survey found that 70% of banks surveyed view [...]

DueDil research has found that there were 5.5% fewer start-ups created in 2017 than in 2016. It found that 647,923 new businesses were started in 2017 compared to 685,928 in 2016 EY survey has [...]

Emma, a banking app for millennials, has received FCA approval under the Payment Services Regulations 2017 Banks including Barclays, Lloyds Banking Group, HSBC, Royal Bank of Scotland Group, and [...]