RBS is shutting 44 branches across the UK, blaming a 30% fall in in-store transactions over the last few years for its decision.
Person-to-person mobile payments service Paym will be rolled out by Britain's banks at the end of this month.
The UK is in the midst of a technology-led banking revolution as Brits shun branches in favour of their mobile phones, figures from the British Bankers Association show.
RBS Citizens Financial Group, Inc. today announced a new round of Bank Better enhancements for Citizens Bank and Charter One customers: technology upgrades enhancing the customer experience across multiple banking channels including branches, ATMs and mobile devices.
The person-to-person mobile payments service being prepped by Britain's banks for a launch later this year has been christened Paym.
Barclays and Royal Bank of Scotland customers were locked out of their mobile banking apps on Friday, with RBS subsidiary NatWest blaming the problem on high traffic.
RBS is planning to reduce the total number of technology platforms it currently uses by 50%, as it looks to turn around a business blighted by years of neglect and overly-complex management structures.
NatWest and RBS customers can now get an instant access savings account on the move through a new mobile banking app.
The Royal Bank of Scotland has signed up to a new tailored TV advertising service from broadcaster Sky which will let it target viewers based on considerations such as age, income and location.
RBS Securities Japan Limited, a wholly owned subsidiary of The Royal Bank of Scotland plc (RBS) that engages in investment banking operations with its principal place of business in Tokyo, Japan, was sentenced yesterday for its role in manipulating the Japanese Yen London Interbank Offered Rate (LIBOR), a leading benchmark used in financial products and transactions around the world.
© Finextra Research 2014