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Six into one with new finance and banking trade association, UK Finance

Bob Wigley, UK Finance. Better luck than will Yellow Pages...

The UK’s new financial trade association – created as a result of the merger between six domestic associations in the banking and payments space – has unveiled its name: UK Finance.

Six into one with new UK financial services trade association

UK flag

Bob Wigley, the former chairman of the collapsed Yellow Pages, will be the chair of a new financial services trade association, which will bring together six member organisations across the UK. It hasn’t got a name yet, but the new moniker and brand “will be decided in due course” and launched in the summer. The […]

Top fintech stories this week – 22 July 2016

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place! BBA records dramatic increase in mobile banking usage Digital banking is in a “consumer-led revolution”. MasterCard buys VocaLink for $920 million Current owners Barclays, HSBC, Lloyds and RBS will receive a handy windfall. Cidel Bank implementing ERI’S Olympic […]

BBA records dramatic increase in mobile banking usage

mobile phone

British Bankers Association (BBA) says digital banking is in a “consumer-led revolution”. Its latest report – Way We Bank Now – shows a drastic increase in consumers using digital channels to manage their money. Changing customer habits and major technological advances in banking have resulted in the following: Customers are using mobile banking apps more […]

Top fintech stories this week – 17 June 2016

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place! UniCredit and Open Bank Project launch fintech start-up competition Top prize is €50,000 and a contract to work with UniCredit. BBA to merge with three trade associations to create major industry body British Bankers Association (BBA), Council of […]

BBA to merge with three trade associations to create major industry body

Four UK trade association merge to create a major industry body to represent UK's financial services

British Bankers Association (BBA) has secured the go-ahead from its members to merge with three other UK-based trade associations: Council of Mortgage Lenders (CML), Payments UK and UK Cards Association. The new trade association will be have a broader representation of the financial services industry. Anthony Browne, CEO of BBA, comments that it is only […]

Thinking of appointing a chief innovation officer? That just won’t cut it …

Boden:

Banks should not kid themselves that they can simply appoint a ‘chief innovation officer’ and that will be enough to combat the threat posed by new technologies and the non-bank companies that are using them to steal business, warned panellists at the BBA conference in London on Thursday.

Unilateral regulatory initiatives undermine G20 financial stability goals

David_Wright

Hasty unilateral moves by individual countries could undermine the ability of financial institutions and markets to benefit from new regulations and weaken efforts to improve financial stability, delegates at the BBA conference in London heard yesterday.

UK banking jobs move out of London

Banking jobs are moving out of London

Banks in the UK are increasingly shifting jobs away from London, with the result that while the overall number of banking jobs fell 0.5% between 2013-14, 77 local authorities in the UK saw the number of banking jobs grow faster than in London.

A bank you can’t speak to or visit – coming in 2015

Richard Broadbent is

Talking used to be a positive thing. For many years, BT reminded us that it was “good to talk”; whilst in the 1980s the Midland Bank (since acquired by HSBC) promoted itself extensively as “the listening bank”. Now, there is a new breed of bank coming to the UK; one that doesn’t have branches or want a ‘physical’ interaction with its customers

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