Tagged: natwest

Financial Services Skills Commission, NatWest Develop Future Skills Framework

Financial services firms across the UK are being urged to prioritize investment and training in skills “including digital literacy, coaching and software development to help the sector tackle ongoing skills gaps and to boost its competitiveness.” The five core skills and behaviors also “include creative… Read More

NatWest, Vodeno to Create New Banking as a Service or BaaS Business

NatWest Group plc has entered into a partnership with the Vodeno Group (comprising of Vodeno Limited and its subsidiaries) which will see the creation of a Banking-as-a-Service (BaaS) business in the UK. This strategic partnership will “enable businesses to embed financial services products such as… Read More

Online SME Lender DBT Raises SEK 3.1 Billion Debt Facility

DBT, a Swedish online lender serving SMEs, has raised a SEK 3.1 billion (~$285 million) debt facility from UK-based NatWest and Värde Partners, according to a company statement. Värde Partners is a US-based investment firm and currently manages $2 billion of financial services debt and equity… Read More

NatWest to Work with Oak Engage to Enhance Internal Communications Process

Oak Engage is reportedly deploying NatWest Group with Adaptive Intelligence which went live recently as a way for firms to enhance their digital worker experience. The Newcastle-headquartered intranet technology company, Oak Engage, says that Adaptive Intelligence should assist firms with engaging with their workers more… Read More

NatWest Introduces QR Code-enabled Payment Requests for Business Banking App

NatWest recently revealed that it’s introducing a QR code-based version of its online payment service PayIt in order to help companies accept faster payments of invoices. Available within the NatWest Business Banking App and using PayIt as the tech backbone, the feature, called PayMe, allows… Read More

Digital Transformation: Natwest, Accenture, Microsoft to Replace Outdated Frontline Architecture

NatWest announced that it is working cooperatively with Accenture (NYSE: ACN) and Microsoft (NASDAQ: MSFT) in order to build an innovative client engagement platform that will aim to replace its multi-system, legacy frontline architecture. As mentioned in the update, the platform will aim to integrate… Read More

NatWest Introduces Confirmation of Payee API for Business Clients

NatWest has introduced an API that allows commercial clients to embed Confirmation of Payee into their own systems and processes. Confirmation of Payee was launched across the United Kingdom’s banking sector in June 2020 in order to combat scammers and safeguard against user errors. The… Read More

UK’s NatWest Group to Offer Variable Recurring Payments

NatWest Group has entered agreements with three payment providers – TrueLayer, GoCardless and Crezco – in order to offer Variable Recurring Payments (VRP) as “a new and convenient payment option for businesses and consumers.” This “industry first” means that NatWest Group will be the first… Read More

UK’s NatWest Teams Up Edinburgh University on Climate Education Program

NatWest has announced a 3-year partnership with The University of Edinburgh Centre for Business, Climate Change and Sustainability. The £1.5 million partnership will aim to facilitate the delivery of a climate education program to 16,000 people across the NatWest Group by the end of 2024,… Read More

UK’s Mettle, the App-Only Business Bank, Reports 500% Customer Growth Since Early 2021

Mettle, the NatWest-backed digital account for small businesses operating in the United Kingdom, has reported 500% customer growth since the beginning of last year, reaching 50,000 clients nationwide. Established back in 2018, the app-only banking service offers hard-pressed freelance workers, sole traders, and small business… Read More

Meta Partners with Natwest to Support Female Business Owners in the United Kingdom

Meta (NASDAQ:FB) has launched a partnership with NatWest, the United Kingdom’s largest business bank, in order to provide financial readiness training and other support “to female business owners.” This is available to all women entrepreneurs as part of Meta‘s #SheMeansBusiness program, which “provides digital skills… Read More

UK’s NatWest Group Becomes First Major Bank to Sign Up, Support Good Business Pays Campaign

NatWest Group, the banking and financial services organization that serves around 19 million UK clients, has reportedly become the first major banking institution to sign-up and support the Good Business Pays campaign. NatWest Group is one of the largest business and commercial banks in the… Read More

NatWest Digital Business Bank CEO Marieke Flament to Leave Role for Blockchain Project NEAR

Marieke Flament, the Chief Executive at NatWest’s virtual bank for businesses, is reportedly getting ready to leave her role after two and a half years. Flament will be joining Switzerland-headquartered blockchain foundation NEAR as the CEO, she confirmed in statements shared with Reuters. The non-profit… Read More

NatWest Fined £264.8M for Failing to Comply with Money Laundering Regulations

British bank NatWest has reportedly been fined £264.8 million (appr. $354.30 million) on Monday (December 14, 2021) for failing to comply with appropriate money laundering regulations in a case that marked the first time that the United Kingdom’s financial regulators pursued criminal charges for these… Read More

Impact-led Fintech Cogo Secures $20M via Series A, Ahead of COP26 UN Climate Summit

Carbon footprint tracking firm Cogo has completed a $20 million Series A round, which has been announced just a few weeks ahead of the COP26 UN climate summit. The impact-led Fintech firm has reportedly entered strategic partnerships with major banking institutions, which came ahead of… Read More

Financial App Provider Updraft Secures £72M in Equity and Debit to Support UK Expansion

Updraft, the financial app provider, has confirmed its largest investment round, securing  £72 million in equity and debt, in order to support its expansion and assist more UK consumers on a  path to attaining financial independence. The investment round has been led by NatWest, which… Read More

NatWest Announces Acquisition of Fintech RoosterMoney to Help Consumers Effectively Manage Money

NatWest reveals that it has completed the acquisition of Fintech firm RoosterMoney as part of its strategy to assist families and young people with effectively managing their money. Established back in 2016, Rooster, the London-headquartered Fintech company makes it simple for parents and children to… Read More

UK Natwest is Next to Block Binance

Natwest is the next shoe to drop in the ongoing purge of transfers to Binance, according to a report by Yahoo. Recently, Santander and Barclays issued statements that they would no longer facilitate transfers from UK customers to the Binance platform. This all stems from a… Read More

NatWest Now Calling for Small Businesses to Join “Together for our Planet” Climate Action Government Campaign

    UK banking group NatWest recently announced it is encouraging small business customers to make a climate commitment and join the government’s Together for our Planet ‘business climate leaders’ campaign, which was launched by the Prime Minister Boris Johnson and Business & Energy Secretary. NatWest… Read More

NatWest to Allow UK Consumers to Set their Own Daily Digital Bank Transfer Limits to Reduce APP Scams

NatWest, a major retail and commercial bank in the UK, will reportedly be letting clients set up their own daily digital bank transfer limits – which should help reduce the potential damage done by authorized payment push (APP) scams. NatWest, Royal Bank of Scotland and… Read More

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