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Metro Bank UK: 2023’s Next Bank Collapse? | Samsung’s Trackable Card Unveiled | UBS Tests Tokenized Fund on Public Blockchain

Bussman Advisory

Gain insights into disruptive technologies, industry updates, and success stories from our portfolio companies. This week’s must-know stories: Metro Bank’s Financial Struggles: Will Metro Bank in the UK be 2023’s next banking collapse? Tokenizing funds can enhance liquidity and market access.

Metro 52
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Nationwide Delays SMB Account To Build Bank-Switching Tool

PYMNTS

Nationwide tapped 10x Future Technologies , the FinTech startup founded by former Barclays boss Antony Jenkins, to help develop the new platform for the new business current account. Nationwide said in a statement that “timeframes for bringing elements of our proposition to market” would extend and had been “slower than expected.”

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57 banks and nothing wrong?

Chris Skinner

Seven years ago, the first new retail bank in almost a century got its licence to open: Metro Bank. Building a private bank from scratch at a time when the market seemed fixated on digital rather than face-to-face banking might have seemed foolhardy. Collectively, these startups have raised hundreds of millions of pounds.

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Tencent Invests In Argentinian Mobile Banking Startup

PYMNTS

Chinese technology conglomerate Tencent has invested in Argentinian mobile banking startup Uala, according to a report from Reuters. It’s about learning from their experience in China and in other Asian markets to inform our Latin America strategy,” Barbieri told Reuters. The investment, he noted, will help to speed up Uala’s plans.

Mobile 155
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How A Retail Incubator Could Produce The Next Big Innovation

PYMNTS

To learn more about how these incubation efforts work and the benefits they can bring, PYMNTS recently caught up with Chris Ostoich, co-founder of LISNR, a company taking part in the METRO Target Retail Accelerator , certified by Techstars.

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Visa: How Mass Transit Is Driving Contactless Payments’ Global Future

PYMNTS

Seven years ago, when Visa first started working on bringing contactless payments to London’s Mass Transit system, the landscape for tap and go cards looked very different. In Europe, contactless card-based payments have come to dominate face-to-face payments. “In Major metros in the U.S.

Payments 115
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Banco BASE Taps Volante For Payments; Azimo Receives Dutch Central Bank License

PYMNTS

Coverage includes Mexico ‘s Banco BASE selecting Volante Technologies Inc. Azimo says it has received a license from the Dutch Central Bank to operate in the Netherlands, Cubic Transportation Systems has notched a contract for a mobile ticketing system in Ireland , and Bear Market Coffee in Ireland has gone cashless.

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