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Thursday, August 11, 2022
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Former executives from Barclays are launching digital bank

Jeremy Takle and Ben Harvey have announced the launch of a digital bank called Pennyworth.

Challenger banks do better with account opening experience

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.

Barclays executives donate 1/3 of pay to COVID-19 charity

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 app goes through major changes

UK banking group Barclays announced on Wednesday its customers may now securely make payments from current accounts held with other banks from within...

Barclays to cut jobs affecting 1,000 employees

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.

Revolut => Open banking? Yes in the U.K.

Possibly biggest European banking and money transfer app, Revolut, claims approx. 10 million customers. Now Revolut partnered with open banking API provider TrueLayer to add bank account aggregation features to its app.
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Revolut plans to increase its crypto headcount by 20%

Fintech company Revolut continues to expand its cryptocurrency services operations after recently getting approval to operate in Singapore.

Nubank hits 1 million crypto users in less than a month

Brazilian challenger bank Nubank has announced hitting one million cryptocurrency users in the country barely a month after launching the service.

Revolut has been hit by high-profile resignations

Revolut has been hit by multiple resignations from its UK risk and compliance chiefs.

Starling Bank reports first full year profit

Starling reported a pre-tax profit of £32.1 million for the financial year ending 31 March 2022.