UK Metro Bank Hit By Messaging Scams

PYMNTS

To that end, Metro Bank said earlier this week that at least some of its customers had been victimized by fraud that focuses on text messages sent across telecom companies’ networks that Reuters reported are used to verify transactions.

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Metro’s Accounting Errors Cost Bank Top Clients

PYMNTS

Some of Metro Bank’s largest customers left the institution following revelations of accounting mistakes, according to Wednesday (May 1) reports in the Financial Times. B2B Payments B2B corporate banking Metro Bank News What's Hot In B2B

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Metro Bank Plunges on Misclassified Assets, Capital Concern

Bank Innovation

Metro Bank Plc fell the most since going public after applying an incorrectly low-risk weighting to parts of its loan book, with the British lender’s chief saying he doesn’t know how long the mortgages in question had been wrongly classified.

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Alibaba Bids For Metro Brick-And-Mortar Stores In China

PYMNTS

14) when an exclusive report from Reuters said that Alibaba wants to buy a stake in the Chinese wholesale operations of Germany-based Metro AG. Those Metro stores that Alibaba reportedly wants still seem to have some life left in them.

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UK’s Metro Bank Attacked By Cyber Fraud

PYMNTS

Metro Bank, a British financial institution launched in 2010, said it was targeted by cybercriminals in a scheme where a vulnerability in text messaging between the bank and customers was used as an attack, according to a report by Reuters.

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Metro Bank Announces New AI Powered PFM Service

Bank Innovation

Metro Bank today revealed the launch of a new AI- powered money management tool called Insights. Innovations Mobile PFM Retail Uncategorized Advice AI apps banking fintech Metro Bank Personetics PFM apps

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Metro Bank Explores Additional Use for AI-Driven PFM Tool, Insights

Bank Innovation

challenger bank Metro Bank could extend its AI-driven money management tool Insights, designed for its retail side, to its business customers. Formed in partnership with Israeli AI company Personetics, Metro Bank is currently preparing to roll out Insights in beta over the summer.

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Washington’s Metro System Plans For Mobile Payment Future

PYMNTS

Mobile fare payment is the future of transit, giving customers the ability simply to tap their phone and go, all without stopping at a fare vending machine or using a separate card,” Metro General Manager Paul J. Mobile Payments mobile app News Payment platforms Transit Payments Washington Metro What's HotTo enable mobile payments, the Washington Metropolitan Area Transit Authority (WMATA) is working with its fare payment vendor to upgrade its payment capabilities.

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Metro Bank shares plunge despite fundraising progress

BankThink

The London bank, founded by American entrepreneur Vernon Hill, has lost three-fourths of its market value since British regulators found that some of Metro’s mortgages were given the wrong risk weighting.

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"Investors will forgive" Metro Bank

Bobs Guide

Metro bank’s full year results were hotly anticipated by investors and the industry alike following early scares brought on by an accounting error.

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Singtel Adds Payment Options To Dash; Metro Bank Upgrades Mobile App

PYMNTS

In addition, PUC Berhad is teaming up with Revenue Group Berhad for online-to-offline (O2O) payments in Malaysia , and the United Kingdom’s Metro Bank is upgrading its mobile app to bring mobile payments to over 38 nations.

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Metro Bank suffers text message banking fraud

The Paypers

(The Paypers) The Metro Bank has gone public with an announcement, mentioning that a small number of its customers has been hit by text message banking fraud

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Can you ride the Metro to the Challenger Bank future?

Daily Fintech

Metro Bank does not fit any obvious category. The question is, if you believe that challenger banks will own the future, can you ride the Metro Bank to that future? In simple terms, should you buy Metro Bank stock? I have not yet bought Metro Bank stock but I might.

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UK's Metro Bank suffers cyberattack

The Paypers

(The Paypers) Metro Bank , a UK-based financial institution, has suffered a cyberattack, Banking Technology cited online publication Motherboard

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Metro Bank shares plunge as regulators circle

BankThink

Metro Bank, the lender founded by U.S. entrepreneur Vernon Hill, plunged to a record low after it disclosed that British regulators are probing how it misclassified assets, an incident that prompted a share sale. Disruptors U.K.

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Mumbai Metro, PayPal team up for online recharge payments

The Paypers

(The Paypers) Reliance Infrastructure`s Mumbai Metro One has teamed up with PayPal to provide online recharge payments for customers

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A WhatsApp Rumor Challenges a Challenger Bank

Bank Innovation

Bloomberg Daily Post 3 Exclusive Operations challenger banks digital banking Metro Bank WhatsAppIt was only a matter of time before confidence in the financial system would be tested by false information on social media.

Metro Bank shares post record gain as lender boosts capital

BankThink

Vernon Hill's U.K. bank sold $479 million of new stock and issued fresh details about its turnaround efforts. Those included plans to cease its controversial practice of purchasing design and branding services from a business owned by Hill's wife.

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Louisville Metro Police Officers Credit Union Liquidated

Keith Leggett's Credit Union Watch

The Kentucky Department of Financial Institutions on June 29 appointed the National Credit Union Administration (NCUA) as liquidating agent of Louisville Metro Police Officers Credit Union of Louisville. Commonwealth Credit Union of Frankfort, Kentucky, immediately assumed Louisville Metro Police Officers Credit Union’s membership, shares, loans, and all other assets. Louisville Metro Police Officers Credit Union was placed into conservatorship by NCUA on December 15, 2017.

Cloud Is Key To Metro Bank’s Growth Strategy

Perficient Financial Servies

Metro Bank, a financial institution that has over 40 “stores” in Britain, has officially migrated its core banking IT infrastructure to a private cloud that will be managed by Rackspace. Metro Bank currently has 850,000 customers and has set its eyes on the one million mark. Cloud Is Key To Metro Bank’s Growth Strategy was first posted on December 14, 2016 at 7:01 am.

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Amazon Expands Amazon Home Services To Twenty New Metro Areas

PYMNTS

The service availability has also increased to include 50 metro areas around the country. Amazon announced Monday (Nov. 14) it has expanded its Amazon Home Services into 20 new metropolitan markets around the country. In a press release , the eCommerce giant said the new cities include Indianapolis, IN; Las Vegas, NV; San Antonio, TX; Ann Arbor, MI; Cleveland, OH; Milwaukee, WI; Boulder, CO; Raleigh, NC; Trenton, NJ; and more.

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Metro Bank will raise about $464 million through share sale

BankThink

Metro Bank, the U.K. challenger bank seeking to fix a shortfall on its balance sheet, said it expects to raise about £350 ($464 million) through selling shares. Disruptors U.K.

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Metro Bank: "Fans not customers" | video

Bobs Guide

In the ever more open and competitive banking market, customer service is paramount. Once a bastion of customer service, bank branches are closing in their hundreds as they serve too few customers at too great a cost. Many challenger banks have opted for the digital only root, championing a

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Metro Bank announces AI-powered money management service

The Paypers

(The Paypers) Metro Bank has announced the forthcoming release of its AI-powered money management service, Insights

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Metro Bank: "We sit between challenger and incumbents"

Bobs Guide

Founded in 2010, Metro Bank has seen rapid growth in its 8 years of existence, gathering some 1.5m Young enough to be called a challenger yet using a business model more closely aligned with the high street banks of old, Metro Bank is in limbo between both camps in the great

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Goldman's biggest deal in two decades; Metro raises more than planned

BankThink

Financial advisory firm hopes to double in size in three years leveraging Goldman’s resources; bank had about £1 billion worth of orders. Morning scan M&A Crime and misconduct Career moves Housing finance reform Software development

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Metro Bank launches developer portal for open banking

The Paypers

(The Paypers) Metro Bank has launched a new developer portal to open up its platform to FCA-registered third parties wishing to build services on top of its APIs

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Louisville Metro Police Officers CU Placed into Conservatorship

Keith Leggett's Credit Union Watch

The National Credit Union Administration (NCUA) placed Louisville Metro Police Officers Credit Union, in Louisville, Kentucky, into conservatorship on December 15th. The NCUA placed Louisville Metro Police Officers Credit Union into conservatorship to allow the credit union to continue regular operations with experienced management in place and to correct operational weaknesses.

METRO SYSTEMS chooses Comarch EDI as new partner

The Paypers

(The Paypers) METRO SYSTEMS, the IT provider of METRO GROUP, has chosen Comarch EDI as the new EDI service provider

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Metro Cash and Carry India to focus on ecommerce

The Paypers

(The Paypers) Metro Cash and Carry `s unit based in India has announced plans to launch an ecommerce platform by the end of 2018

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Wrap of Week #10: Women in Finance, Bitcoin ETF, SmallBiz fintech, Insurtech, Metro Bank

Daily Fintech

In our consumer banking coverage, we looked closer at Metro Bank, publicly traded Challenger bank with a unique business model. Can you ride the Metro to the Challenger Bank future?

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Midwest M&A heating up in metro areas

ABA Community Banking

But deal outlook trends down in more rural midwestern markets Management CSuite Community Banking M&A. 1Management

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Charlotte Metro Credit Union Buys Naming Rights to Amphitheater

Keith Leggett's Credit Union Watch

Live Nation Entertainment and Charlotte Metro Credit Union announced a multi-year agreement to name the Uptown Amphitheater the Charlotte Metro Credit Union Amphitheatre in Charlotte, NC. Terms of the deal were not disclosed. Read the story. Advertisement Branding Naming Rights

IBM and Crédit Mutuel Demonstrate AI Can Help Bank Employees, Not Just Customers

Bank Innovation

Exclusive Innovations Mobile Online Open Fintech Premium Retail artificial intelligence challenger bank Credit Mutuel IBM IBM Watson Metro Bank

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P2P Lending Meets High Street Banking as Metro Bank Partners to Lend Via Zopa

NetBanker

Great Britain’s first P2P lender Zopa has teamed up with Metro Bank to combine P2P lending with “high street banking.” ” The first-of-its-kind deal makes Metro Bank the first bank in Great Britain to lend via a P2P platform.

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Fintech Unfiltered: N26 Decides Against Banking License for U.S. Launch [PODCAST]

Bank Innovation

Exclusive Innovations Mobile Online Open Fintech Payments PFM Retail Social Media Startups challenger bank Metro Bank Moven N26 revolut Simple Starling BankShould fintech companies with banking ambition get a license or partner with a bank for one? This is an important distinction for a challenger bank, almost an existential question.

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Metro Money in Malaysia Uses Blockchain to Power Remittances

Payments Source

Malaysian remittance company Metro Money Exchange has selected Dragonfly Fintech, a Singapore-based blockchain technology provider, to power its remittance business.

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Orrstown Financial Recruits Ex-Metro Bank Execs

American Banker

has hired three former rivals from Metro Bank in Harrisburg: Adam Metz, Andrew Johnson and Doug Hummer. Orrstown Financial Services in Shippensburg, Pa., breaking_news dealmaking-strategy people mortgage commercial-lending pa community-banking

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Western Union Unveils UK High-Value Transfers; Gap Taps Adyen For European Payments

PYMNTS

has tapped Adyen for online and in-store payments in Europe , and the Bangalore Metro Rail Corporation in India is at work on a quick response (QR) code ticketing system. Welcome to The Axis, your look at payments news from around the world.

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CYBG Snubbed For RBS Funds

PYMNTS

Reports in Reuters late last week said Metro Bank, Starling Bank and ClearBank have been awarded funds to boost small business lending and banking competition. 365 million: the total sum of RBS grants awarded in the first round to Metro Bank, Starling Bank and Tide partner ClearBank.

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Habib Metro Bank, Ria partner for remittance services in Pakistan

The Paypers

(The Paypers) HabibMetro Bank and Ria Money Transfer (“Ria”) have collaborated to offer remittance payout services in Pakistan

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Metro CU ‘CONNECTS’ with the community

CU Insight

Metro Credit Union , Chelsea, Mass., Since 2012, Metro has been a partner in CONNECT, a nonprofit financial opportunity center offering education, housing, and career support. Charlene Bauer, Metro’s chief development officer and senior vice president for outreach and advocacy, explains that “if individuals have the necessary skills to advance their job, create stable housing, and have access to sound financial management, they are going to be more successful.”.

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Charlotte Metro FCU Signs Deal to Sponsor NBA Basketball Team

Keith Leggett's Credit Union Watch

The National Basketball Association's Charlotte Hornets completed a sponsorship agreement with Charlotte Metro Federal Credit Union that includes Hornets-themed credit and debit cards. Terms weren’t disclosed, but similar partnerships fall in the range of $100,000 to $250,000 per year, based on analyst estimates. Read more. Sponsorships