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.
Fintech company Revolut continues to expand its cryptocurrency services operations after recently getting approval to operate in Singapore.
Brazilian challenger bank Nubank has announced hitting one million cryptocurrency users in the country barely a month after launching the service.