Post Tagged with: "United Kingdom"

Users Hit 65K Mark at U.K.’s Monzo

Users Hit 65K Mark at U.K.’s Monzo

by November 8, 2016 at 5:13 pm 0 comments

LONDON — British challenger bank Monzo‘s new customer acquisition rate appears to be hockey-sticking. Tom Blomfield, co-founder of the new bank, told Bank Innovation today here that Monzo’s weekly — yes, weekly — debit-card customer growth rate hit 8.7% last month. Blomfield said Monzo, known as Mondo until August, nowRead More

Brexit  Jolts Fintech, Launches Era of Banking Uncertainty

Brexit Jolts Fintech, Launches Era of Banking Uncertainty

by June 24, 2016 at 10:45 am 2 comments

In a stunning vote, British citizens decided to leave the European Union, and the so-called Brexit has not just profound implications for fintech, but creates massive uncertainty for global financial services. “How can we be so stupid?” tweeted Eileen Burbidge, a partner at Passion Capital and FinTech Envoy of HMRead More

Apple Pay to Hit 1.5 Million Locations by Yearend

Apple Pay to Hit 1.5 Million Locations by Yearend

by July 22, 2015 at 10:45 am 1 comment

Soon, there will be 1.5 million chances for you to bump into Apple Pay. That’s because Apple Pay is expected to be in 1.5 million locations in the United States by the end of 2015. Last week, Apple Pay launched in the United Kingdom, and scored 250,000 locations “on Day One,”Read More

Is HSBC Headed for Branch Banking Disaster?

Is HSBC Headed for Branch Banking Disaster?

by February 20, 2013 at 1:48 pm 0 comments

What happens to branch performance when bankers’ profit motive is severely altered? That’s the question that struck me as I read about HSBC’s decision to nix sales “targets” for the bank’s UK  branch employees. Instead, HSBC will compensate its staffers based on “customer satisfaction,” although it is unclear exactly howRead More

VIDEO: Online/Mobile Banking Adoption in the UK

by November 26, 2012 at 9:17 am 0 comments