Latest IF (Intelligent Finance) News: Finextra Research

Intelligent Finance on course for break even maintains HBOS

HBOS says its stand-alone banking unit Intelligent Finance is on course for break even by the end of 2003, despite posting a loss before tax of £147 million for the year ended December 2002.

26 February 2003

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Offset banking on the rise says IF

Nearly 2.5 million adults in the UK have already taken up an offset banking offer, according to new research by ICM for direct bank Intelligent Finance.

02 January 2003

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ASA rules in favour of First Direct in IF ads row

UK direct bank Intelligent Finance has been rapped over the knuckles by the Advertising Standards Authority for making misleading claims about its market share credentials.

13 November 2002

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IF on track for break even despite widening losses

Intelligent Finance, the standalone direct banking operation of UK financial servics group HBOS, says it remains on track for break even in 2003, despite reporting widening first half losses of £88 million, against £72 million a year ago.

25 July 2002

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Intelligent Finance to cut back on outside IT support

UK telenet bank Intelligent Finance has hired IT consultancy, Ultimate People Company (UPCO), to help transfer operations from external IT contractors to an in-house team of 150 people.

05 July 2002

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IF targets UK small business owners

UK telephone and Internet bank Intelligent Finance is looking to break into the small business market by offering a headline 4.01% interest rate on direct access savings accounts for sole traders.

30 May 2002

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HBOS lauds IF performance

Halifax Bank of Scotland (HBOS) says its telenet banking subsidiary Intelligent Finance delivered an "outstanding" performance in its first full year to December 2001, winning nine per cent of mortgage lending market share and 70,00 new current accounts.

27 February 2002

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Intelligent Finance to create 800 jobs in Fife

Intelligent Finance, the stand-alone telenet banking division of UK banking group HBOS, is to expand its operations with a new 75,000 square foot administrative office complex in Fife, Scotland, capable of housing up to 800 staff.

21 February 2002

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IF selects London Bridge for credit management

Intelligent Finance, the stand-alone telenet banking division of UK banking group HBOS, has implemented software from London Bridge Group for collections processing.

04 December 2001

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IF sounds optimistic note on first year results

Intelligent Finance, the stand-alone telenet banking division of UK banking group HBOS, says it is recording monthly new business growth of £750 million and remains on target to break even in 2003.

28 November 2001

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Automated account transfers boost fickle consumers

One in four adults would consider changing banks as a result of a new automatic account switching process launched in the UK today, according to research conducted by ICM for telenet bank Intelligent Finance.

19 November 2001

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IF survey supports integrated banking ideal

A new survey by ICM Research, for Halifax online banking subsidiary Intelligent Finance, indicates that 21 million UK consumers would consider a move to banks offering customers the ability to offset their balances for interest calculation purposes.

30 August 2001

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