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Neobank Revolut Applies For UK Financial Services License 

PYMNTS

British challenger bank Revolut has submitted a banking license application to the U.K. Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). license for financial services will enable it to offer banking products “U.K. customers expect from their everyday primary bank account.” .

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4 Reasons Why Digital Banking Teams Struggle to Innovate

The Financial Brand

The post 4 Reasons Why Digital Banking Teams Struggle to Innovate appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Having innovation as a priority is the first step, but it rarely goes further without first overcoming common roadblocks.

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Scale Matters … But Smart Matters More

Gonzobanker

A recent round of bank merger announcements and the marquee Capital One/Discover deal illustrate this mantra’s popularity. It’s very hard for regulated banks and credit unions to gain any meaningful efficiencies under $1 billion in assets. It appears nothing else matters but the urgency to get big and get there fast.

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Metro Bank Founder Fully Resigns Amid Accounting Scandal

PYMNTS

. “Vernon is the inspiration behind Metro Bank , the first high street bank to open in the U.K. in over 100 years,” said Sir Michael Snyder, the bank’s senior independent director, in a statement. 1 bank for overall quality of service for personal banking.” 31, reports noted.

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7 ways community banks can boost profitability

Independent Banker

of digital banking customers said they switched to digital banking because of the pandemic. Source: 2021 Provident Bank survey. These days, there’s a lot to contend with as a community bank, from changing consumer behaviors due to the pandemic to uncertainty surrounding the economy and inflation. Quick stat.

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Trust: Once Again the Most Precious Currency in Banking

Gonzobanker

If running the capital plan numbers indicates that growth needs to slow, banks will need new tactics to drive profitability, and a major focus will return around operating efficiencies. Digital banking uptime, the speed and accuracy of moving money, and the ability to talk to informed bankers are vital right now.

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Acquire or Be Acquired 2024: A Race to Perform … and Earn the Right to Transform 

Gonzobanker

Leaders need to be honest about succession plans and realistic about the Fed and rate shifts, which led to compressed margins and pressures on investment portfolios and contributed to the failures of First Republic, Signature and Silicon Valley banks. While the mood felt upbeat and optimistic (maybe it was the sunny and mid-70s weather?),