Tagged: natwest

NatWest Joins Forces With Soldo to Boost SME Lending

UK banking group NatWest announced on Wednesday it has joined forces with Soldo, a pre-paid company card provider for small businesses, to expand its SME lending capabilities. NatWest reported that the partnership will allow two of its ventures, Esme Loans and Rapid Cash, to be… Read More

Generation Z Still Listens to Parents When Selecting Banking Service Providers, Not Too Eager to Try Challenger Banks: Report

While it might be true that young people like to use innovative cell phone apps to streamline their daily activities, reports suggest that fancy software alone won’t necessarily help challenger banks when trying to attract business from Generation Z customers. This, according to a newly… Read More

Catching Up: NatWest Adds More Features to Banking App

The race to compete with emerging Fintechs is compelling most all banks to up their game. This is good for the consumer. Better service and lower costs (hopefully). If traditional banks want to survive ongoing iterations and a willingness to change is vital. Today, NatWest… Read More

UK Bank NatWest Commences “Biometric Payment Fob” Trial

Following a trial of a biometric card announced in October, NatWest has announced an expansion of the program with its “biometric payment fob.” The bank is launching today a three-month national trial involving 250 customers. Users may make payments up to £100 without a bank card… Read More

UK-based NatWest Partners with MoneyPenny to Support UK’s Small Businesses

UK-based National Westminster Bank (NatWest), a major retail and commercial bank, is teaming up with Moneypenny in order to support the UK’s small businesses. Moneypenny will be offering free trials and special discounts on their services to business owners that are participating in NatWest’s Accelerator… Read More

Natwest Launches Digital Bank Bó: Now Live in App Store & Google Play

UK banking group NatWest announced on Wednesday the launch of its digital bank, Bó. According to Natwest, Bó is a digital bank that was created to help people “do money better.” The service features a bright yellow Visa card, as well as a mobile app. Natwest… Read More

NatWest to Issue Biometric Credit Card, Trial Starts Today – Uses Fingerprint Verification

NatWest reports that the first biometric fingerprint credit cards are entering circulation today. According to the bank, 150 customers have been selected to take part in a three-month national pilot program. The credit card pilot follows an early trial of a debit card earlier in… Read More

Natwest’s Standalone Digital Lending Platform Esme Loans Increases Maximum Loan Amount to  £250,000

Esme Loans, NatWest’s standalone digital lending platform for SMEs and scale-up businesses, announced this week it has increased its credit appetite with the maximum loan amount moving to £250,000 from £150,000 to support more UK SMEs.  According to NatWest, Esme Loans has lent over £70million… Read More

Voice Banking via Google Assistant Trial Launched by NatWest

  Technology is at its best when it is ubiquitous and unobtrusive. We want tech to be available wherever and whenever we need it but it should not be something that is hard to access. It must be simple to use. Today, most tech services… Read More

NatWest Launches Pilot For New Working Capital Product Rapid Cash

UK banking group NatWest announced on the pilot launch of its new working capital product, Rapid Cash. According to NatWest, the NatWest Rapid Cash is an alternative to a traditional business overdraft, with a credit limit that is based on customers’ unpaid invoices. “Rapid Cash can… Read More

NatWest Completes SONIA Loan For National Express

UK banking group NatWest announced on Tuesday it has completed a SONIA (Sterling Overnight Index Average) loan for its corporate customer National Express. According to NatWest, the loan has been provided as a committed Revolving Credit Facility. Ashurst LLP acted as legal adviser to the bank… Read More

NatWest Announces Debut of NatWest Tyl For Merchant Acquiring

NatWest announced last week the launch of its new product NatWest Tyl. According to NatWest, NatWest Tyl is a new, innovative approach to merchant acquiring, and is designed to make it easier for customers to run their business. “Alongside straightforward customer on-boarding, simple pricing and… Read More

Digital Lending Platform Esme Loans Hits £50 Million of Lending to UK Businesses

Esme Loans, the NatWest backed standalone digital lending platform for SMEs, announced last week it has hit £50 million of lending to UK businesses. The online lender reported that it has seen a continued period of strong growth, following an uplift in lending of 337%… Read More

NatWest Announces New Biometric Fingerprint Card

UK banking group NatWest announced on Wednesday the launch of its new biometric fingerprint card. NatWest reported that customers may now use their fingerprint to verify transactions above the £30 contactless limit, increasing security and making it easier for customers when paying for goods or services… Read More

NatWest Set to Trial New Personal Finance Mobile App

UK banking group NatWest announced on Monday it is set to trial its new personal mobile app, Mimo. According to NatWest, Mimo has been designed to help customers save time, save money and enjoy financial peace of mind. It will help customers budget, remind them of… Read More

NatWest Opens New Digital Branch in Leeds Victoria

UK banking group NatWest announced last week it has opened a new digital branch in Leeds Victoria. According to NatWest, the digital store gives customers the space and opportunity to complete their banking online in a secure environment, with staff to help with more complex or technical issues…. Read More

Natwest Launches Data Academy that Aims to Train Staff Members in Understanding & Harnessing Data

UK banking group NatWest announced on Wednesday it has launched its Data Academy will offer a wide range of training, courses, and qualifications that will cover all levels of data proficiency. According to NatWest, the academy is opened to all of the bank’s 70,000 employees and those enrolled will gain… Read More

NatWest Launches Blockchain based Syndicated Loan Market to Address £3.5 Trillion Global Market

NatWest has announced the launch of a syndicated loan market built on blockchain. The goal is to “dramatically transform and streamline the global syndicated loans market.” NatWest partnered with Fusion LenderComm, a platform built by Finastra. The new platform will go-live in November. NatWest notes… Read More

UK Fintech MarketInvoice Joins NatWest’s Capital Connections Panel

Business finance company MarketInvoice announced this it has joined a select group of alternative finance firms on NatWest’s Capital Connections panel. MarketInvoice reported that it is the ninth alternative finance provider to join Capital Connections, alongside Funding Circle, Assetz Capital, Start Up Loans, Seedrs, Together, iwoca, Esme… Read More

NatWest Forms New Partnership With Vocalink Analytics For Fraud Protection System

NatWest has formed a partnership with Vocalink Analytics to further strengthened its fraud protection systems with the adoption of a sophisticated machine learning solution known as Corporate Fraud Insights. According to Vocalink, the system is designed to detect and prevent invoice redirection fraud, where businesses are duped into paying… Read More

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