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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

Join our community of 50,000+ subscribers and stay informed on the latest trends and news in the FinTech & AI world with the weekly newsletter provided by Bussmann Advisory. This week’s must-know stories: Metro Bank’s Financial Struggles: Will Metro Bank in the UK be 2023’s next banking collapse?

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Things worth reading: 1st February 2019

Chris Skinner

Things we’re reading today include … Deutsche Bank swings to first full-year net profit since 2014 German regulators probe price decline at Wirecard UK fintech shuts US operation to save Chinese deal Barclays trial jury told to ignore defendants’ jokes about prison TSB computer meltdown bill rises to £330m Metro … The post Things (..)

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Open Banking Casts Global Net

PYMNTS

Open Banking is making its rounds across the globe as regulators embrace financial services industry competition, and as financial services players — both banks and FinTech firms — recognize their market opportunities by embracing data sharing. The companies plan to expand their integration for additional functionality moving forward.

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Banks, FinTech Firms Ready To Compete For RBS Funds

PYMNTS

The BCR said it has sent invites to “eligible bodies” — which include banks, lenders and FinTech companies — to apply for the funds at an event later next month. A year after the funds were announced, RBS is reportedly readying to allocate those funds via the independent Banking Competition Remedies (BCR) body.

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US Finance Crimes Org Calls For Private Sector Innovation

PYMNTS

The Innovation Hours Program will provide financial technology (FinTech) and regulatory technology (RegTech) companies and financial institutions the opportunity to present their new and emerging innovative products and services to FinCEN,” the organization said in the release. “The FinCEN expects to hold events in the Washington, D.C.

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Challenges for the neo-challengers: Four hurdles to overcome

Accenture

In my frequent conversations with clients across the UK and Irish banking industry, one of today’s hottest topics is the rise of the challenger banks such as CYBG, Metro and AIB UK, and particularly the neo-challenger banks providing digital-only services, like Monzo, Atom and Starling. Regulation. Profitability.

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Top UK Lenders Launch SMB Branch Joint Venture

PYMNTS

.” The joint venture, which also involves Barclays and Lloyds, is an industry effort to address backlash resulting from the FIs’ decision to reduce the number of physical bank branches, which analysts and regulators say adversely impacts the small business community.

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