Tagged: metro bank

UK’s Metro Bank Looks for High-Potential Startups for its Innovation Lab

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Metro Bank has introduced its second startup collab program, Metro Bank Magic Makers. Drawing on the success of the first program carried out in partnership with L Marks, Metro Bank is now looking for innovative solutions that will further enhance customer experience. Last year, Metro… Read More

UK’s Metro Bank Pledges Support for Improving Literacy

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Metro Bank is reportedly one of the signatory companies “pledging support for the National Literacy Trust’s Vision for Literacy Business Pledge.” Poor adult literacy skills mean that one in seven adults in England “have the reading skills of a nine to eleven year old.” Poor… Read More

UK’s PRA Fines Metro Bank £5.376M for Failing in its Regulatory Reporting Governance and Controls

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The UK’s Prudential Regulatory Authority (PRA) has imposed a financial penalty on Metro Bank plc “of £5,376,000 for failing to act with due skill, care and diligence in relation to the regulatory reporting of its capital position and for failings in its regulatory reporting governance,… Read More

UK’s Metro Bank Introduces Magic Money Christmas Tree Campaign to Raise Funds for Children’s Charities

Christmas Tree

Metro Bank (LSE:MTRO), the United Kingdom’s community bank, has introduced its Magic Money Christmas Tree marketing campaign with the goal to raise funds via a gold coin mechanism for various children’s charities through its 78 stores. Created by Metro Bank’s in-house studio and domestic agencies… Read More

Lending Platform RateSetter Reports an Increase in Losses During Last Year as P2P Lender

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Lending platform RateSetter’s pre-tax losses have reportedly doubled in its last year operating as a P2P lending platform. This, according to the service provider’s annual accounts. The consumer lending business, which has been acquired by Metro Bank, noted that it recorded a £22.3 million lost… Read More

Metro Bank Extends Relationship with Backbase to Provide Digital Banking Services

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Backbase, a digital banking service provider, has renewed its partnership with UK retail bank Metro Bank (LSE:MTRO). According to a release, Backbase will be providing dedicated digital innovation support for Metro Bank’s business banking customers. Metro Bank agreed to an extension five years after Backbase… Read More

Metro Bank Is Now Offering RateSetter Loans At Branches

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  Metro Bank announced on Monday it has launched the first set of RateSetter-powered personal loans through its banking branches. Aach of the new loan applications will be assessed and arranged by using RateSetter’s lending technology. Those who qualify for the loans may borrow between… Read More

RateSetter Sells Loan Portfolio to Metro Bank

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RateSetter, a leading UK based peer to peer lender, announced on Tuesday that Metro Bank is purchasing its loan portfolio in line. RateSetter reported that Metro Bank has been funding all-new consumer lending following the RateSetter acquisition, which took place in September 2020. “Today’s announcement… Read More

NatWest Acquires Metro Bank’s Mortgage Portfolio

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  UK banking group NatWest announced on Monday it has entered into an agreement with Metro Bank to acquire a £3 billion portfolio of prime UK mortgages. According to NatWest, the portfolio consists of owner-occupied residential mortgages with a weighted average current loan to value of… Read More

UK based P2P Lender RateSetter Is Reportedly Struggling to Process Withdrawal Requests from Investors

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An investor has reportedly been attempting to get her funds out of one of the UK’s largest peer to peer (P2P) lending platforms, RateSetter, since August 2020. According to a report from the Guardian, the investor (Michelle Johnson) was told by RateSetter’s management that her… Read More

Metro Bank Announces Accounting Software Partnership With Clear Books

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UK-based banking group and lender Metro Bank announced on Friday it has formed a partnership with Clear Books to offer account software with free bank feeds and exclusive discounts to the bank’s small business customers. Metro Bank reported that the integration provides its customers with… Read More

Metro Bank Unveils AI-Powered Receipt Management Technology For Business customers

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UK-based banking group and lender Metro Bank announced on Monday it has launched AI-powered receipt management technology for business customers through its mobile app. According to Metro, the technology enables businesses to capture, store and link their receipts to transactions in their mobile business app…. Read More

RateSetter’s Australian P2P Lending Platform Rebrands to Plenti Following Acquisition By Metro Bank

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RateSetter, a leading UK based peer to peer lender, has rebranded its Australian P2P lending platform to Plenti. Head of Marketing at Plenti, Sebastian Paulin, shared more details about the rebranding, by stating: “As Plenti, we want to help our customers make the most of… Read More

Metro Bank Acquires P2P Lender RateSetter, Metro Bank to Use its Deposit Base to Fund New Loans

Rhydian Lewis

RateSetter, a leading UK based peer to peer lender, has been acquired by Metro Bank. The purchase of RateSetter has long been anticipated as the P2P lender messaged earlier that it was exploring “strategic options” – a euphemism for a sale. In June, there were… Read More

British Banking Group Metro Bank Reportedly in Talks to Acquire P2P Lending Platform Ratesetter

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UK-based banking group and lender Metro Bank is reportedly in advanced talks to purchase p2p lending platform Ratesetter. According to Sky News, the duo has entered into exclusive discussions about the acquisition. Founded in 2010, RateSetter states it offers a “simple and accessible way” to… Read More

Banking User Experience (UX) Specialist Peter Ramsey Reveals that “Freezing” Cards at Digital and Regular Banks Is Still Not User-Friendly

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Metro Bank was reportedly the first financial institution in the UK to allow users to freeze their cards in case they lost it. The feature was introduced in 2014. The freeze feature blocks transactions via payment cards through software, but it’s reversible so the card… Read More

UK-based Challenger Metro Bank Partners With Three Fintech Firms to Expand its Offering for Business Clients

The City of London

UK-based challenger Metro Bank is expanding its offering for business clients through several new Fintech partnerships. In February 2019, Metro Bank won £120 million (appr. $150 million) from the £750 million (appr. $935 million) Royal Bank of Scotland (RBS) bailout fund aimed at promoting competition… Read More

UK’s Metro Bank Launches Developer Portal That Opens Bank Platform to FCA-Registered Third Parties Seeking to Build Services on top of APIs

British banking group, Metro Bank, announced on Friday the launch its new developer portal, which opens up the bank’s platform to FCA-registered third parties that are wishing to build services on top of its APIs. According to Metro, the self-service portal was built in collaboration… Read More

Timelio Receives Investment from Anthony Thomson, founder of Atom Bank & Metro Bank

Anthony Thomson

Timelio, an online invoice financing marketplace operating in Australia, has received the backing of Anthony Thomson – a leading Fintech entrepreneur who is founder and Chairman of Atom Bank and founder and former Chairman of Metro Bank. Both Atom Bank and Metro Bank have positioned… Read More

Metro Bank Collaborates with Backbase to Launch Commercial Banking Platform

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On Monday, Metro Bank announced it has teamed up with fintech company Backbase to launch a new commercial banking platform. This collaboration was reportedly established to further Metro Bank’s customer base expansion. According to Metro Bank, the new banking platform will allow customers to have… Read More

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