Tagged: rbs

Seedrs Comments on Loot Following Announcement the Fintech Has Gone Into Administration

At one time, Loot had all the appearances of a promising young Fintech. Launched in 2014, in January of this year, it was reported that the Royal Bank of Scotland (RBS) had taken a 25% stake in the startup as it prepared to launch a new… Read More

Loot Digital Current Account App Shuts Down, Seedrs Crowdfunding Round is No More as Company Goes into Administration

Aspiring Fintech Loot has shuttered its doors and gone into administration. According to a statement posted on their website, Loot has hired Henry Anthony Shinners and Adam Henry Stephens of Smith & Williamson LLP to handle the dissolution. The Royal Bank of Scotland (RBS) was… Read More

Clearbank and Tide Combo Wins £60 Million Grant from RBS

ClearBank, a challenger clearing bank (the UK’s first new clearing bank in more than 250 years), has been awarded a grant from the RBS Alternative Remedies Package of £60 million. The grant is one of three from Pool A of the Capability and Innovation Fund that forms… Read More

Starling Bank Receives £100 Million Grant From RBS’ Capability and Innovation Fund

UK banking platform Starling Bank announced on Friday it has been awarded a £100 million grant from the Capability and Innovation Fund (CIF). According to Starling Bank, the grant comes from a £775 million fund created as a condition on RBS for accepting £45 billion bailout… Read More

Bank Branches No More: RBS Keeps Shuttering Bricks & Mortar Locations as Digital Banking Revolution Continues

On December 1st, the Royal Bank of Scotland (RBS) announced it would close 62 RBS branches and 197 NatWest branches. The shuttering of these bank branches is not unique to RBS and is indicative of the global Fintech revolution. This is not the first time… Read More

BondMason CEO Stephen Findlay Comments on RBS Move into Online Lending via NatWest

Last week, NatWest – part of the Royal Bank of Scotland (RBS) – announced a new online platform designed to simplify the loan making process for UK SMEs.  Borne out of an ‘Innovation Cell’, working with Fintech firm Ezbob Limited,  “Esme” has been developed in… Read More

To Win Long Term, Goldman’s Online Lending Effort Will Need to Win Over Millennials

By now, you’ve more than likely heard about Goldman Sachs’ plans to launch an online consumer lending unit as early as next year. Yes, Goldman Sachs, the 146-year-old Wall Street giant best known for focusing on the 1%, is making a bet on Main Street with plans… Read More

Interview with Property Partner CEO & Founder Daniel Gandesha: Highlights Team Synergy, Real Estate & Internet Finance

  UK-based Property Partner, the residential real estate crowdfunding investment platform, allows people to invest in individual residential properties at the click of a button. Investors receive a monthly rental income and benefit from any capital growth, in direct proportion to their ownership.  Identifying locations and individual properties that are likely to be… Read More

Assetz Capital CEO Stuart Law Talks Record £3M+ Seedrs, Competitive Loans, Interests Rates & Fintech’s Future

Fresh from celebrating its two year birthday, Assetz Capital made another announcement: Assetz Capital, a British peer-to-peer lending platform exceeded its fundraising target of £2 million by raising funds from 731 investors through investment crowdfunding platform Seedrs. The firm, which specializes in providing loans to SMEs… Read More

Peer to Peer Lenders & RBS Join Forces to Fund UK Businesses; Chancellor of the Exchequer George Osborne Welcomes P2P Partnership

The Royal Bank of Scotland has struck an arrangement with leading peer to peer lenders Funding Circle and Assetz Capital that should give UK small business a boost.  RBS announced it will now formally refer small business borrowers to P2P lenders.  The strategic shift is… Read More

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