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Jeremy Hunt sets out sweeping reforms to financial sector

TheGuardian

Jeremy Hunt’s package of more than 30 reforms was announced as he travelled to Edinburgh to meet a group of chief executives from banks and insurers, who the government hopes will be in a stronger position to grow and compete with international peers as a result of the deregulation drive.

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Report: JPMorgan Chase Plans UK Digital Lender Launch In Early 2021

PYMNTS

When it does take place, the launch will be among the most significant new entries into the UK consumer banking sector since the 2008 financial crisis,” according to the Sky News report. “It The company has offices in London, Bournemouth, Glasgow and Edinburgh. The new digital bank is expected to be chaired by former U.K.

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Measuring Financial Resilience: Edinburgh Scoring Conference

FICO

The last time I attended the Credit Scoring and Credit Control Conference at the University of Edinburgh in August 2017, my colleague Gerald Fahner and I spoke about two ostensibly different topics. The FICO Resilience Index has benefits in all economic scenarios. by David Binder.

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Deliveroo Builds Loyalty With Subscriptions

PYMNTS

cities — Birmingham, Brighton, Edinburgh, Glasgow, Manchester and York — for the pilot, or “trial,” program. Deliveroo Plus is launching first in six U.K. No word on other cities just yet, or even venturing into other countries.

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RBS uses branches to push digital banking

NCR

In the UK, Metro Bank is investing in its branch network , while Atom Bank, one of the biggest names on the challenger bank scene, has gone down the purely digital route. ONS figures show that just a quarter (26 percent) of UK citizens over the age of 65 use internet banking, compared to 87 percent of 25 to 34 year-olds.

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ID is in a complete mess

Tomorrow's Transactions

Identity infrastructure in the UK is a complete mess. An 85-year-old woman was left stranded and in floods of tears at Stansted Airport after Ryanair refused to accept her bus pass as ID for a return flight to Edinburgh. I turn up for the interview and I run the “UK Passport” app on my phone.

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Bring Your Own Token

Tomorrow's Transactions

I joked with one of them that no-one knows what Scottish notes should look like, so I make them myself at home in Edinburgh. In fact, none of the taxi drivers I used over the last two days batted an eyelid at the dazzling array of Scottish notes I tendered. He asked if he could borrow the machine, but he was not inclined to refuse my money.

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