Mobile and internet banking is now being used for transactions worth nearly £1 billion a day in the UK, hastening the decline of the traditional bank branch, according to new data from the British Bankers Association.
The Royal Bank of Scotland is to spend over £1 billion over the next three years to rebuild its retail banking business, with investment in digital channels as the primary focus.
EquiLend has appointed Iain Mackay as Product Owner, Post-Trade Services, effective immediately. He is based in London.
The UK will get a new payments regulator next year, while the industry is busy working on its own 'roadmap'. Finextra spoke to key players from both sides about how they will work with each other.
Teresa Connors, director, market engagement at RBS explains how banks can differentiate themselves as payments rails become standardised, how they aren't all the same and what exactly it is that the client wants.
Royal Bank of Scotland and Lloyds Banking Group are ditching their restrictions on customers with basic accounts using rivals' cash machines.
Brigid Whoriskey, head of research and innovation, RBS, discusses the advantage of being a large incumbent in the market and highlights of a recent report by the bank around disruptive technologies and customer behaviour.
Llewelyn Mullooly, international liquidity market and product manager, RBS, discusses some of the key takeaways for a corporate treasurer in light of Basel III and where innovation will push international liquidity structures in the coming year.
Simon Newstead, MD, head of market engagement at RBS, discusses how immediate payments are still an emerging trend, what needs to be factored in when developing an immediate payments technology and the types of innovation that can be built on top of immediate payments.
The Royal Bank of Scotland plc (RBS) today announced the appointment of five new senior hires to its Global Transaction Services team, further strengthening its capabilities and enhancing the service it provides to clients. All hires are global roles, based in London.
© Finextra Research 2014