Banking Competition Remedies news and trends

Nationwide Delays SMB Account To Build Bank-Switching Tool
B2B Payments // March 03, 2020

Nationwide Building Society has pushed back the rollout of its small- to medium-sized business (SMB) account to later this year, instead wanting to focus for now on the testing of its mobile app and building an open banking-powered switching tool, according to Finextra. The company...

Bankers Call For Overhaul Of RBS Fund Program
B2B Payments // March 02, 2020

Bankers in the U.K. are asking for government intervention in what they call a “farcical” program meant to help business banking after the program experienced a number of setbacks, including one bank returning half of its awarded money, according to a report by the Financial...

CYBG Snubbed Again As More RBS Fund Winners Announced
B2B Payments // May 15, 2019

The U.K.’s board of Banking Competition Remedies (BCR) has announced the next round of winners of the Royal Bank of Scotland (RBS) funds set aside to bolster small business (SMB) banking competition. Reports on Tuesday (May 14) said that Nationwide Building Society, Investec Bank and...