Challenger banks

HSBC, Barclays and the Government Digital Service have partnered with Orange, OT-Morpho and the Open Identity Exchange to test a system through which French citizens can open a bank account in [...]

ECB has warned British banks planning to relocate operations to another country in the EU before Brexit that it will not grant licences to ‘empty shells’. Sabine Lautenschlager, a senior [...]

R3, the blockchain consortium, is close to coming to market with its first commercial pilot product. A group of 11 banks, including HSBC and RBS, are poised to start testing an application that [...]

Fiinu, a UK start-up building a ‘blockchain-friendly’ bank, has appointed Andy Briscoe, chair of The Money Advice Service, as chairman. It has also appointed Bank of England and Santander veteran [...]

Virgin Money has reported that underlying profit before tax increased to £128.6m in H1 2017 compared to £101.8m in H1 2016, with retail deposit balances rising to £29.6bn, +5% on FY 2016 and [...]

TSB Bank is to introduce iris recognition to its mobile banking app from September 2017. Customers will need the latest Samsung Galaxy S8 to use the new authentication method Monzo has announced [...]

Bank of England has been told by a number of small banks that they could be forced to retreat from doing business in either the UK or Europe should Britain leave the EU with no deal in 2019 [...]

Barclays will be notified within two weeks on whether it faces a second set of criminal fraud charges over its emergency 2008 cash call with Qatari investors, according to the FT. Barclays’ [...]

Banks including Barclays, Royal Bank of Scotland Group, Lloyds Banking Group and Tesco Bank have all stopped buying and selling Qatari riyals. The foreign exchange service provided by many banks [...]

Barclays is preparing to face US prosecutors over a possible multi-billion-pound fine for its role in the sub-prime mortgage collapse. The bank is expected to argue that it is not liable for [...]