Metro Bank Struggles To Find A Buyer

PYMNTS

challenger financial institution Metro Bank is struggling to find a buyer as potential suitors are turned off by the bank’s expensive business model, the Financial Times reported Friday (Dec. ’s M&A market and encourage investors to reconsider their interest in Metro Bank.

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Metro Bank Hit By More Fraud Probes

PYMNTS

’s Metro Bank on behalf of investors concerned that the institution committed securities fraud. According to Pomerantz, the probe “concerns whether Metro Bank, and [certain officers] and/or directors, have engaged in securities fraud or other unlawful business practices.”

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Metro Bank Pilots Corporate Expense Management Tech

PYMNTS

based Metro Bank has begun piloting a new corporate expense management solution in partnership with Canadian FinTech Sensibill , a press release said Wednesday (Dec. Metro Bank is building a suite of compelling tools that will help transform the small business banking experience in the U.K.,”

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Metro Bank Pulls Back On Commercial Lending

PYMNTS

challenger bank Metro Bank, the financial institution is reportedly looking to reduce its corporate loan exposure and wind down commercial lending operations. Metro will look to instead focus on residential property financing as it seeks a new chairman.

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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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FCA Questions Metro Bank Managers On Misreporting Scandal

PYMNTS

Metro Bank senior managers are being grilled by the U.K. Metro Bank is also being investigated by the Bank of England’s Prudential Regulation Authority and is ready to issue loss-absorbing debt as required of large banks. .

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Metro Bank Introduces Cash Delivery Service For SMBs

PYMNTS

Metro Bank has launched an app called MCash for small- and medium-sized businesses (SMBs) to pick up and drop off cash as needed, according to reports on Monday (Dec. What's Hot app B2B B2B Payments Cash Delivery FinTech MCash Metro Bank News SMB banking 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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Metro Bank Chairman Steps Down After Q3 Losses

PYMNTS

Metro Bank Co-founder and Chairman Vernon Hill stepped down as chairman on Wednesday (Oct. Earlier this year, Metro Bank revealed an accounting error that kicked off a rocky year, and led some of its top clients to leave the bank.

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Metro Fails To Attract Investors To Bond Issue

PYMNTS

Metro Bank in the U.K. Metro Bank PLC thanks the broad number of investors who have met with the company and shown interest in their potential inaugural MREL issuance,” the bank said. This is not a good outcome for Metro Bank,” he said.

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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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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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LA Metro Vendor Dispute Highlights Public Contract Challenges

PYMNTS

Metro) is embroiled in a dispute with bus maker New Flyer of America. Metro to tie procurement to job commitments by awarding contracts based on vendors that could meet those requirements for salary and job creation. Metro first did so with a 2012 rail car contract, reports said.

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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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Metro Cash And Carry Launches App To Help India Shops Digitize

PYMNTS

The Indian arm of German retailer Metro Cash and Carry has announced the launch of an app for kirana stores, allowing retailers to order stock, keep a check on inventory, and facilitate payments directly from their smartphones.

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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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libaba 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 Germany-based Metro AG’s wholesale operations in China. Those Metro stores that Alibaba reportedly wants still seem to have some life left in them.

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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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"Investors will forgive" Metro Bank

Bobsguide

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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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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InComm, LA Metro expand network for contactless transit card sales

Payments Source

InComm has partnered with the Los Angeles County Metropolitan Transportation Authority (Metro) to more than quadruple the number of retail locations at which customers can purchase and reload its contactless TAP transit fare cards.

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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Paris Metro To Launch Paperless Tickets, Cashless Payments Rise In Russia

PYMNTS

In France, tourists, as well as occasional riders of the metro network in Paris will be able to buy contactless and reusable cards in what has been described as “its version of London’s Oyster Card” beginning in mid-June, The Local reported.

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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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London's Metro Bank Adds AI-Driven Advice

Tom Groenfeldt

London's Metro Bank has developed an advice engine with Personetics to help users manage their money better by getting to know their earning and spending patterns

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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: "Fans not customers" | video

Bobsguide

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: "We sit between challenger and incumbents"

Bobsguide

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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UK Challenger Banks Struggle To Compete

PYMNTS

While challengers such as Metro Bank , Santander and Monzo were expected to put a stop to the dominance of the big four, they are instead failing to thrive, according to the Financial Times. Now after last week’s share price drop, Metro Bank is believed to be a takeover target.

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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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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.

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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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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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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CDIA and Metro 2 approve new special comment code for extinguished debts

CFPB Monitor

Recently, the Consumer Data Industry Association (CDIA) and the Metro 2 Taskforce approved a new Special Comment Code in FAQ 69.

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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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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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 Supply Chain acquires delivery company Custom Delivery Solutions

The Paypers

(The Paypers) Canada-based third-party-logistics provider, Metro Supply Chain Group , has acquired Custom Delivery Solutions , which specializes in deliveries of large format goods

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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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Best of FinXTech Awards to Recognize Collaboration Between Banks and FinTech Companies – Applications Now Open

Let's Talk Payments

Banking Fintech News Asia BizEquity CheckAlt City National Bank CNLBank Europe Inc Malauzai Software Metro Bank Metro Bank CheckAlt MineralTree nCino news Somerset Trust Company Univest Bank USLTP is proud to introduce our partnership with FinXTech as we celebrate the collaborative innovation between financial institutions and technology innovators. FinXTech has taken a unique approach to connecting FinTech.

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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