Tagged: natwest

December 14, 2021 @ 8:59 am By Omar Faridi  |  

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

October 23, 2021 @ 3:35 pm By Omar Faridi  |  

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

October 21, 2021 @ 8:34 am By Omar Faridi  |  

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

October 8, 2021 @ 1:02 am By Omar Faridi  |  

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

July 22, 2021 @ 10:47 am By JD Alois  |  

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

May 31, 2021 @ 9:06 am By Samantha Hurst  |  

    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

May 25, 2021 @ 1:39 am By Omar Faridi  |  

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

May 2, 2021 @ 3:27 pm By Omar Faridi  |  

The COVID-19 outbreak has led to nationwide lockdowns and other measures being taken to limit in-person contact in order to prevent the further spread of the virus. Many more individual consumers and businesses are conducting transactions online and are trying to avoid visiting physical locations…. Read More

April 22, 2021 @ 9:13 am By JD Alois  |  

UK bank NatWest is saying no to crypto. According to a report, business users that accept crypto, like Bitcoin, may be refused access to the bank’s services. As reported by the Guardian, NatWest BoardMember Morten Friis, who is head of the Risk Committee, explained during… Read More

April 22, 2021 @ 8:43 am By Samantha Hurst  |  

  Tyl by NatWest announced on Thursday it has launched a new loyalty app, “Tyl Rewards.” According to Tyl, the app was designed to encourage consumers to continue supporting local businesses, by rewarding regulars as lockdown starts to lift in the UK. “Recent Tyl research found that… Read More

April 16, 2021 @ 8:29 am By Samantha Hurst  |  

  UK banking group NatWest announced on Thursday the relaunch of its Enterprise program to boost support for scale-up businesses along with climate, fintech, and B-Corp-focused businesses. NatWest revealed that the relaunch follows recent findings from the bank’s report into SME recovery in the UK,… Read More

February 25, 2021 @ 2:49 pm By Samantha Hurst  |  

  UK banking group NatWest announced earlier this week it has issued a €1 billion affordable housing social bond. The bank reported it has selected a pool of loans to not-for-profit, registered UK-based housing associations to which it will allocate the proceeds of the bond’s… Read More

January 29, 2021 @ 2:20 pm By Samantha Hurst  |  

  UK banking group NatWest announced on Thursday an additional £1 billion in funding to help support female-led businesses in the UK recover from the COVID-19 pandemic. NatWest reported that the goal is to ultimately help female entrepreneurs to scale and grow and builds on the… Read More

December 21, 2020 @ 9:36 am By Samantha Hurst  |  

  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

November 19, 2020 @ 10:45 pm By Samantha Hurst  |  

UK banking group NatWest recently announced the rollout of its Citizens Advice Service. According to NatWest, the service was created to identify and tackle the root cause of a relational, environmental, or social vulnerability, before it turns into financial difficulty. While sharing more details about… Read More

November 11, 2020 @ 9:34 am By Samantha Hurst  |  

UK banking group NatWest announced on Tuesday the launch of its new product Green Mortgages. According to NatWest, the product offers a “preferential interest rate” to new or existing customers who are purchasing energy-efficient properties. The banking group explained: “The Green Mortgage offers a discounted… Read More

November 3, 2020 @ 2:46 pm By Samantha Hurst  |  

Mettle, a free business account created by NatWest, announced on Tuesday users may now use their Mettle card with Apple Pay to make purchases that allow Apple Pay. This notably means that instead of using physical cards, users may pay using Apple devices. “Apple Pay… Read More

October 28, 2020 @ 8:30 am By Samantha Hurst  |  

UK banking group NatWest announced on Wednesday it has introduced a 48-hour delay gambling block. According to NatWest, the measure on debit cards will allow customers to take further control of their spending. “During lockdown, NatWest saw a decline in gambling transactions. As restrictions have… Read More

September 1, 2020 @ 10:32 am By Samantha Hurst  |  

UK banking group NatWest recently announced it has enhanced credit scoring, in partnership with TransUnion. NatWest revealed it has integrated further data, using TransUnion’s Consumer Credit Platform, to its banking app, to help enable its customers to become more financially capable.  “Customers using the service… Read More

August 21, 2020 @ 7:14 am By Samantha Hurst  |  

UK banking group NatWest announced on Thursday it is launching “Banking My Way” service, which will allow customers to request how they want to be served. NatWest reported that through the services, customers may make specific requests which could include requesting a quiet space when… Read More