Jeremy Takle and Ben Harvey have announced the launch of a digital bank called Pennyworth.
Challenger banks are still thriving and in 5 years 44% of British customers will have a digital-only bank.
The end of the skyscraper era? Barclays CEO says ‘putting 7,000 people in a building may be thing of the past’
Barclays CEO Jes Staley claims that the COVID-19 pandemic could permanently change how banks and their employees do business in the future.
Some of the top bosses at Barclays are donating a third of their fixed salary over the next six months to help kickstart a £100m aid package.
Barclays has announced a major staff shake-up affecting more than 1,000 workers including the closure of a site in Leeds. The bank is also set to put a further 340 staff on notice for job cuts or relocation across the country, pushing the total jobs affected to 1,140.
Nordic challenger Lunar has managed to raise another €40 million in funding and is about to launch a BNPL product.
Thought Machine is a cloud-native core banking technology company and it has been selected by Curve to power it's new 'buy now, pay later' feature, the Curve Credit.