Latest IF (Intelligent Finance) News: Finextra Research

Direct Line and Intelligent Finance on the block in UK banking shake-up

The shake-up in UK financial services resulting from the state-backed bail out of Royal Bank of Scotland and Lloyds Banking Group will see the sale of telephone insurance operation Direct Line and Internet bank Intelligent Finance and a wholesale restructuring of the UK's branch banking network.

03 November 2009

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Chip and PIN conversion costs blamed as IF drops credit cards

UK Internet bank Intelligent Finance has scrapped its credit card offsetting system and served notice to cardholders because of the high costs of moving to Chip and PIN technology.

13 June 2005

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More Brits turning to Web for loans

Nearly one in four (24%) UK adults would go online to look for a loan according to research commissioned by Intelligent Finance (IF), an increase of 70% on similar research conducted by the Web bank a year ago.

06 October 2004

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Former IF chief Spowart targets IFAs with Adventi

Jim Spowart, a key player in the rise of direct banks Intelligent Finance (IF), Standard Life Bank and Direct Line, has joined small Scottish IT support firm Adventi as director of business strategy and invested a six-figure sum in the business.

12 March 2004

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Intelligent Finance signs five year contract with Attentiv Systems

UK direct bank Intelligent Finance (IF) has signed a new five year contract with Attentiv Systems - formerly known as Lynx Financial Systems - for the ongoing development and support of its mortgage, savings and balance offsetting systems.

10 March 2004

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Intelligent Finance hits break even

Increasing operating income and a stable cost base saw Intelligent Finance, the telenet banking subsidiary of Halifax Bank of Scotland (HBOS), turn a small profit for the first time in December. For the year as a whole the standalone unit cut losses to £53 million from £147 million in 2002.

25 February 2004

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Former IF chief Spowart plots remote business banking comeback - The Scotsman

Jim Spowart, the former chief executive of Intelligent Finance and a serial remote banking entrepeneur, is in talks with prospective partners about creating a new telephone and Internet bank for the business market, according to a report in the Scotsman.

01 December 2003

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IF upgrades Computer Associates change management software

Intelligent Finance (IF), the offset banking division of the Halifax, has upgraded to the latest version of Computer Associates' (CA) AllFusion Harvest Change Manager software.

01 September 2003

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HBOS reports online banking surge; systems unification, IF on target

Halifax Bank of Scotland is reporting a 26% rise in online banking transactions in the past six months as the number of Internet registered users grows by 19% to 1.9m.

01 August 2003

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Convenience spur to bank/customer relationship says IF research

Nearly 7 out of 10 UK consumers – equivalent to some 30 million adults - either already manage all their day-to-day banking, including their mortgage, with one institution or would be willing to do so if they could benefit from an offset banking offer, according to new ICM Research for Internet bank Intelligent Finance.

04 June 2003

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Intelligent Finance creates replica Web environment for online prospects

UK Internet bank Intelligent Finance has licensed VeriSim's vSIMBanking 3.0 software to provide customers and employees with a fully-functional replica of its online banking service in an effort to encourage user adoption.

03 June 2003

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Spowart quits HBOS as IF expansion plans are put on ice

HBOS has scrapped plans for the overseas expansion of Internet banking subsidiary Intelligent Finance, prompting the departure of former CEO Jim Spowart.

27 May 2003

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