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Tesco Bank Responds to Final CMA Current Account Market Investigation Report.
Responding to the Competition and Market Authority’s final decision on remedies for the current account market, Tesco Bank Chief Executive Benny Higgins commented:
“While the CMA has made some positive proposals, we don’t believe they will have an impact in the short to medium term to help millions of customers get a better deal from their bank. Throughout this process, we have argued that transparency and comparability are key to helping customers understand their current account, and we have long argued that simple measures are required to increase consumer engagement in the market.
“Customers have a right to know what they are paying for their bank account and what they receive in return. We continue to believe that if that information was readily available far more customers would switch accounts. For example, we are the only UK bank to advocate the introduction of an at-a-glance comparison traffic light label to help customers quickly and easily compare accounts and make an informed decision on whether to keep or switch accounts.
“In the coming months we will consider and reflect on the changes proposed by the final conclusion of the CMA, while also considering broader market conditions to ensure we serve customers to the best of our ability.”
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Addresscloud Appoints Clair Bush as Fractional CMO to Support Scalable Delivery of Geospatial Risk Intelligence
Addresscloud, the geospatial intelligence platform redefining how insurers locate, understand and underwrite property-level risk, has appointed Clair Bush as Fractional Chief Marketing Officer to support the company’s next stage of growth and operational scale. The appointment is effective immediately.
Banking Transformation Summit | 19-20th May | Tobacco Dock, London
The banking industry is no longer at a crossroads; it is in the midst of a total architectural shift. As Generative AI moves from boardroom buzzword to operational reality and "Agentic Banking" begins to redefine customer engagement, the need for a collaborative roadmap has never been greater.
Akbank Goes Live on Mambu Core in Germany
Akbank AG has gone live with a new core banking platform from Dutch core banking vendor Mambu and completed a parallel rebuild of its data warehouse and reporting capabilities, according to separate LinkedIn posts from project leads.
Anchorage Digital Lands $100m Tether Investment at $4.2bn Valuation
Anchorage Digital has secured a $100 million equity investment from stablecoin heavyweight Tether and has launched its first employee tender offer.
Identity Fintech Duna Raises €30m in Series A round
Duna, the identity fintech founded by two Stripe alumni, today announced a €30 Million Series A funding round led by CapitalG, Alphabet’s independent growth fund. Existing investors Index Ventures and Puzzle Ventures also participated in the round.
Alinea Invest Scores $22.5m in User Acquisition Financing
US wealth management start-up Alinea Invest has secured $22.5 million in user acquisition financing from PvX Partners, a Singapore-based financing firm.
Janata Sahakari Bank Pune Selects TCS Bancs for Core Upgrade
Janata Sahakari Bank Pune has selected the TCS BaNCS™ Global Banking Platform to modernise its core and digital banking landscape, enhance efficiencies and provide a superior experience to its customers. Tata Consultancy Services, a global leader in IT services, consulting, and business solutions, will create a seamless, omnichannel banking experience for the Bank’s customers across web, mobile, and offline touchpoints, supported by TCS BaNCS’ modernised core and digital channels.
Addresscloud Appoints Clair Bush as Fractional CMO to Support Scalable Delivery of Geospatial Risk Intelligence
Addresscloud, the geospatial intelligence platform redefining how insurers locate, understand and underwrite property-level risk, has appointed Clair Bush as Fractional Chief Marketing Officer to support the company’s next stage of growth and operational scale. The appointment is effective immediately.
Banking Transformation Summit | 19-20th May | Tobacco Dock, London
The banking industry is no longer at a crossroads; it is in the midst of a total architectural shift. As Generative AI moves from boardroom buzzword to operational reality and "Agentic Banking" begins to redefine customer engagement, the need for a collaborative roadmap has never been greater.
ComplyAdvantage: Why Compliance Still Needs the Human Touch
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ING: Turning AI Pilots Into Production
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Volante Technologies: Why Banks Need Partners, Not Vendors
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Akbank Goes Live on Mambu Core in Germany
Akbank AG has gone live with a new core banking platform from Dutch core banking vendor Mambu and completed a parallel rebuild of its data warehouse and reporting capabilities, according to separate LinkedIn posts from project leads.
Anchorage Digital Lands $100m Tether Investment at $4.2bn Valuation
Anchorage Digital has secured a $100 million equity investment from stablecoin heavyweight Tether and has launched its first employee tender offer.