Lloyd’s Banking Group and Virgin Money recently banned customers from using their credit cards to buy cryptocurrencies; customers will still be able to use their debit cards to buy cryptocurrencies but for fear they could go into debt they do not want credit cards being used; other card issuers like Barclays and Mastercard say they are reviewing the crypto space but no decisions have been made. Source.
Last year many consumers were able to earn around 2% on savings accounts from the leading banks; since then rates...
Chris Skinner writes about the state of small business financing today and how alternative lenders are getting serious traction; companies...
A new startup that allows for ordinary people, with a focus on millennials, to trade options has received early backing...
We’ve seen many banks who have launched their own fintech offerings; NatWest with Mettle and Bo is one example and...
Pindrop’s Vijay Balasubramaniyan on how top bank call centers are navigating the COVID crisis The Timing Of Apple’s QR Code...
Quantum computing has the potential to dramatically affect banking in the coming years, especially from a cybersecurity standpoint; banks like...
Barclays US is trying to ensure they use AI in a efficient yet non intrusive way so their customers can get the most out of the technology; Tearsheet spoke with Mona Jantzi, managing director of strategic analytics and customer experience at Barclays US, to learn more about how the bank uses AI; topics discussed include using data to shape customer experience, going beyond product offerings, the dangers of AI use with data and more. Source.
Barclays has launched a new fintech focused unit to help develop new business lines for the bank; Barclays UK Ventures will work with fintech firms through partnerships or by taking equity stakes, helping the bank make further inroads into fintech. Source.
Monzo has become the first bank to offers its customers a free credit score service; starting in March the UK...
