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RBS

FintechNews RoundupUSA
·May. 1, 2020

RBS Shuts Down Bó After Six Months

RBS’s Monzo challenger Bó has shut down only six months after initially launching; the company plans to merge the technology...
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EuropeFintechNews Roundup
·Jan. 22, 2020

Changes at RBS’ Digital Bank Bó

Bó was announced in November 2019 as RBS’ new digital banking offshoot; now the CEO of Bó Mark Bailie has...
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EuropeFintechNews Roundup
·Jun. 14, 2019

RBS Competition Fund Awards £25 Million to Small Business Fintechs

Some of the £775 million bounty that is the Royal Bank of Scotland (RBS) competition fund is being handed out...
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EuropeFintechNews Roundup
·Apr. 25, 2018

RBS Looks to Move 1M Users to Mobile Only Bank

RBS plans to launch a next generation mobile only bank by third quarter 2018; the project is expected to launch with more than one million users from the bank; reports also point to the bank pursuing a marketplace business model which values partnerships over lending as a revenue model; while it looks like it is rumors right now the bank is clearly moving more digital. Source.

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Peer to Peer Lending
·Mar. 20, 2018

Early Returns From Open Banking Show a Mixed Picture

Open Banking kicked off in the UK this past January. Thus far we’ve seen slower adoption among traditional banks, a...
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FintechNews RoundupUSA
·Feb. 14, 2020

RBS Changes Name to NatWest and Brings in New Leader for Bó

Embattled UK bank Royal Bank of Scotland, a name it has gone by for 300 years, is rebranding to NatWest...
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EuropeFintechNews Roundup
·Jun. 17, 2019

Team from Loot Join RBS Digital Bank

Loot was a startup that offered a current account for millennials; last month it went into administration after they ran...
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News Roundup
·Apr. 5, 2019

Barclays, RBS and R3 Cut Property Transaction Times in Blockchain Trial

A blockchain trial has been completed with leading UK banks Barclays and RBS along with R3-affiliated Instant Property Network (IPN); the...
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FintechNews RoundupUSA
·Mar. 21, 2018

Digital Banks Continue to Enhance the Customer Experience

Digital only banks have certainly attracted the attention of incumbents as they look to keep up with customer experience innovation; in the past year banks like Chase, RBS and others have started creating their own digital only brands; the digital only banks have been able to more easily create online marketplaces for products, better options for traveling and mobile workers and they have made the customers a part building the experience; this more nimble, quicker way of building has put pressure on big banks to keep up as many sizable banks have many layers of compliance and process to build. Source.

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EuropeFintechNews Roundup
·Feb. 28, 2018

Open Banking Adoption Looks to be Slow and Steady

According to a new study by Accenture 7 out of 10 consumers would be reluctant to share their Information with third party providers; Citi recently published a study pointing to three main reasons that wide scale adoption will take longer; reasons include slow consumer adoption, fragmented market for new open banking services and the ability for payment providers to adapt to new rules; thus far open banking has been slow but big banks like Lloyds Banking Group and RBS have made big tech investments anticipating the change will happen over time. Source.

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