Tagged: natwest

UK Business Activity Grew Across Major Regions in June – Report

Business activity grew in nine UK nations and regions in June, after having risen in all 12 in the previous month, the latest NatWest Regional Growth Tracker showed. The NatWest Regional Growth Tracker Business Activity Index is said to be “the first fact-based indicator of… Read More

NatWest Reportedly Becomes First UK Banking Institution to Use Bank-Verified Digital Identity for Global Transactions

NatWest is supporting bank-verified digital identity by integrating OneID in Adobe® Acrobat Sign. NatWest claims that it has “become the first UK bank to use bank-verified digital identity to enable people from different countries to prove their identity in the fastest and easiest way.” The… Read More

UK Markets Survey: Broad-based Increase in Business Activity Reported Across Major Regions

Latest Regional PMI survey data from NatWest showed a broad-based increase in business activity across the UK in May, with growth being recorded simultaneously in “all 12 nations and regions monitored for the first time in more than a year.” At the same, there was… Read More

UK’s NatWest Launches Cora+, the Generative AI Update to Bank’s Digital Services

NatWest is announcing the launch of Cora+, an upgrade to its digital assistant, Cora, developed in collaboration with IBM. NatWest is to introduce the new version of Cora during London Tech Week and will “be one the first banks in the UK to deploy generative… Read More

UK’s NatWest Group Research: Consumers Are Spending More Frequently But Also More Selectively

Customers are prioritizing spending on entertainment while cutting back on home decorating, new data from UK’s NatWest Group has revealed. The latest debit card spending data from NatWest, “comprising the anonymized transactions of almost 10 million customers, shows recreation spending increased 10% (10.21%) in April… Read More

UK’s NatWest to Support 2500 Entrepreneurs via Accelerator Program for Startups

Entrepreneurs looking to grow and scale their businesses are being urged to apply to join one of the UK’s leading accelerators, as NatWest prepares to welcome a record number of new businesses on its accelerator program in September. Up to 2500 places will be “available… Read More

UK’s NatWest Introduces Mastercard Business Savings to Business Debit Cardholders

NatWest has extended access to Business Savings from Mastercard to business debit card customers. Business Savings is a merchant discount program “provided by Mastercard which gives small business customers access to merchant offers when paying with an eligible Business Mastercard at merchants participating in the… Read More

UK Business Activity Increased Across Most Industries – Research Report

Latest NatWest Regional PMI survey data showed business activity rising almost universally across the UK in March, “supported by a general upturn in demand.” Trends in employment remained “more mixed, with just over half of areas seeing growth in job numbers amid still-strong cost pressures.”… Read More

UK’s NatWest Group Announces £5B Housing Sector Lending Initiative

NatWest Group has announced a new package of targeted lending and support for UK social housing, aimed at supporting local housing authorities and homeowners alike in the face of ongoing economic pressures. Through a new ambition of £5billion of lending (New funding gross of repayments… Read More

NatWest Partnership May Encourage Adoption of Open Banking As Means for UK Universities to Be More Efficient

NatWest will work with JS Group, an innovative partner to universities with a track record of improving the delivery of specialist student funds and of strengthening student engagement, to support more students as they progress within the UK’s higher education system. It’s said to be… Read More

NatWest Group Announces Investment in Payments Fintech Icon Solutions

NatWest Group has announced a strategic minority investment in Icon Solutions, a fintech provider of payments technology and consultancy services. The investment follows the news last September that NatWest “selected Icon Payments Framework (IPF) to accelerate the bank’s payments modernisation.” Launched in 2020, IPF is… Read More

Record Number of New Startups Launched in the United Kingdom in Past Year – Report

The New Startup Index from NatWest and Beauhurst has found that over 900,000 new companies were incorporated in the UK in 2023, making it a record year for new businesses. The startup boom brings the number of active companies “operating in the UK to 5.31m,… Read More

NatWest Joins UK Open Banking DPS

NatWest says it is the first UK bank to join the UK Open Banking DPS or Dynamic Purchasing System. As explained by the UK government: “… frameworks – otherwise known as agreements – help public and third sector buyers to procure goods and services from… Read More

Most UK Businesses Now Familiar with Open Banking and Report an Average Annual Saving of 150 Hours – Survey

Two in three (66%) larger UK businesses say they are very familiar with open banking and users report an average annual saving of 150 hours usually spent “on operational tasks such as processing invoices and financial data, recurring payments and processing refunds, new research reveals.”… Read More

Younger UK Consumers Say Cost of Living Crisis Had Worse Impact on Lives than Pandemic – Survey

The Prince’s Trust NatWest Youth Index 2024, released recently, finds half (49 per cent) of 16–25-year-olds in the UK think the cost of living crisis has had a worse impact on their life than the pandemic. As noted by the Natwest Group, it shows young… Read More

NatWest Continues to Close its Bank Branches, Points Customers to Digital Banking Options

NatWest is planning to close 30 more bank branches in 2024, according to a report by GBNews. This most recent revelation of branch closures just adds to the dozens of closures that have taken place in recent months. The report lists the locations of the… Read More

UK SMEs Record Solid Growth with Renewed Interest in Service Economy – Report

Business activity at UK small and medium-sized enterprises (SMEs) expanded at the fastest rate for seven months in December, “led by renewed growth in the service economy.” Adding to signs of a steady turnaround in business conditions, new orders “stabilized at the end of 2023,… Read More

UK’s NatWest Introduces Digital Tool to Help Businesses Save Energy and Carbon

NatWest has launched an Energy Help and Support tool to help UK businesses reduce their energy usage, cut their carbon emissions and potentially “save money on their energy bills this winter.” Research from the bank has found “that 45% of small businesses say rising energy… Read More

UK’s NatWest Introduces Intellectual Property-based Lending to Support “High Growth” Businesses

High growth businesses generally own few tangible assets, but can be rich in IP and intangible assets, according to an update shared by NatWest Group. These businesses can find it difficult “to use their assets as collateral to secure growth funding, especially when compared with… Read More

UK SMEs Admit to Being Owed between £5K-£20K in Unpaid Invoices – According to Research from Payit by NatWest

Over a quarter (27%) of British small and medium-sized businesses have “admitted to being owed between £5,000 and £20,000 in unpaid invoices” according to research by Payit, NatWest’s open banking payments solution. The impact of late payments has been felt “across the country, with SMEs… Read More

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