The new startup, 10X Future Technologies, partners with challenger bank Virgin Money to build a new digital banking platform; the new deal comes to light just one day after 10X Future Technologies was launched to the public; Virgin Money is listed on the FTSE 250 and will count on 10X to build a cloud-based core banking system that will deliver new products in a more cost efficient manner. Source
What is social lending? It’s a new take on an old concept. Social lending sites (sometimes also called peer to...
About a third of branches at UK banks have closed in recent years as digital banking takes hold and contactless...
It appears that earlier this month the Virgin Money US web site (www.virginmoneyus.com) shut down. It has been clear for...
The company announced the news in an earnings call; they will begin testing products this year and have invested $53.3 million developing the new bank; Virgin Money is said to have signed an agreement with 10x Future Technologies to develop the platform. Source
CYBG recently made a takeover approach of rival Virgin Money as challenger banks look for solutions in what has become...
By Tamsen Butler Social lending sites can help keep friendships and family relationships intact You need money. Your mom, your...
By Steve Goodman Getting a good education just keeps getting more expensive. According to the College Board, the not-for-profit organization...
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.
Virgin Money, the UK’s sixth largest bank, is the latest firm to become fully registered to the Contingent Reimbursement Model...