A U.K. banking executive says the country needs to resolve its unfair auto-lending practice investigation. Great Britain’s Financial Conduct Authority (FCA) said in July that it was extending that probe, something that doesn’t sit well with William Chalmers, finance chief for Lloyds. “A delay isn’t...
Lloyds Bank has launched a collaboration with artificial intelligence (AI) platform Cleareye.ai. The partnership, announced Tuesday (Sept. 3) and said to be the first of its kind in the U.K., will use AI to streamline processing and compliance checking for trade finance documentation. The effort...
British banking giant Lloyds has picked an Amazon Web Services veteran as its AI head. Rohit Dhawan has been named Lloyds’ director of artificial intelligence (AI), overseeing the firm’s AI Center of Excellence and driving adoption of AI-powered products and services for the lender, per a Monday (Aug. 5) news...
Four major U.K. banks have been accused of violating a regulator’s competition rules. The Competition and Markets Authority (CMA) says HSBC, Lloyds, TSB and AIB all breached a 2017 order created in response to competition concerns in the retail banking sector. The order requires banks to follow strict rules for informing customers about...
November 11, 2020
Domestic B2B payments are complicated enough, but making these payments across international borders is a whole other challenge. Companies that rely on cross-border B2B payments may not have to deal with paper checks, but ever-shifting foreign exchange (FX) rates, mounting paper invoices and other manual processes and security worries surrounding wire transfers are just a […]
June 22, 2017
From depositing money to grocery shopping to access to vehicles, unattended retail solutions are stepping up to meet a variety of needs in an age of unattended retail solutions. Unattended...
November 13, 2024
The U.K.’s financial watchdog is giving auto financing companies more time to deal with customer complaints. The Financial Conduct Authority (FCA) announced this decision Wednesday (Nov. 13) in the wake of a recent court ruling that forbids dealers from getting a commission from auto lenders without the customer’s consent. The FCA says car finance companies are “likely to receive […]
September 09, 2024
A U.K. banking executive says the country needs to resolve its unfair auto-lending practice investigation. Great Britain’s Financial Conduct Authority (FCA) said in July that it was extending that probe,...
September 03, 2024
Lloyds Bank has launched a collaboration with artificial intelligence (AI) platform Cleareye.ai. The partnership, announced Tuesday (Sept. 3) and said to be the first of its kind in the U.K.,...
August 05, 2024
British banking giant Lloyds has picked an Amazon Web Services veteran as its AI head. Rohit Dhawan has been named Lloyds’ director of artificial intelligence (AI), overseeing the firm’s AI Center of Excellence and driving...
