The initial participants include Lloyds, HSBC, NatWest, Barclays, Nationwide, Santander UK, Danske Bank, and TSB. More on this: Shared branches will be run in five areas, adding to branches opened earlier in three areas through a pilot program. The initiative also relies on ATM provider Link, which will be tasked with assessing the cash needs of communities facing closures of branches or ATMs.

HSBC and Barclays tied for the lead in Security and Control with identical feature sets.

Even bank-based standalone apps, like Barclays-owned Pingit, were shuttered in favor of integration. Banks’ dominance—rooted in their convenience and accessibility—could inhibit alternatives from growing adoption or reaching untouched demographics. Vocalink’s Revenue Advantage Could Prevent New Entrants.

Antony Stephen, the former head of Amazon Payments Europe, was hired as CEO of Barclays Partner Finance, according to American Banker, which might signal that the bank is planning to step further into offering its own installment products. What’s the catch? Incumbents are also competing with credit cards.

Incumbents: Big names such as Lloyds Bank, NatWest, Santander, HSBC, and Barclays dominate this space. Lloyds, Santander, and HSBC have recently sought to entice consumers to switch accounts by dangling cash incentives.

For example, in Europe it faces companies ranging from PayPal to Barclays, the Evening Standard noted. Fostering more engagement could bring Revolut closer to its goal of becoming a financial super app. For a deeper dive into how banks are competing with standalone BNPL companies, read this article from our Payments & Commerce Briefing.

Barclays is partnering with insurance provider Simply Business to help SMBs get coverage. The deal is the incumbent bank’s latest, following partnerships to offer SMBs services from pensions to invoice financing. Tide offers a paid invoicing product that automatically finds late payments and gives insurance to protect against nonpayment.

Last year, Gap moved its portfolio from Synchrony to Barclays, and Amazon is reportedly searching for an issuer to take over its portfolio from JPMorgan. Instead of renewing contracts with current partners, retailers like BJ’s may be looking to work with issuers that offer distinct capabilities that can boost spending.

That high-end figure assumes that big banks—NatWest, Lloyds, Barclays, and Santander—would aim to cut their footprints to about 400 each. To be chosen as a shared branch site, potential hub locations would need to have a sufficient population. Sparsely populated places may need to rely on post offices for banking services.

The Belfast-based startup Responsible pulled in a $6.6 million seed funding round led by Barclays’ Sustainable Impact Capital program, per Finextra. What do they do? The recommerce movement encourages consumers to buy used items and shop more sustainably to prevent items from entering landfills.

In September, the firm expanded its Female Innovators Lab in partnership with Barclays into the UK and Europe. Nearly one-quarter (23%) of Anthemis’ portfolio companies are founded by women. (In the industry overall, companies with solely female founders raised just 2.2% of all venture funding this year.).

Against the backdrop of the COP26 Summit in November, for instance, The Guardian reported that Barclays, HSBC, and Standard Chartered had all extended financing to fossil fuel companies in contravention of their net-zero emissions pledges. Meanwhile, neobanks are emphasizing their conscientious environmental strategies and launching green products. Fee Revenues.

Barclays Corporate Banking. Canalys. LoopMe. Mintel. New Financial. Office for National Statistics (ONS) – UK. Society of Motor Manufacturers and Traders (SMMTT). Sony Interactive Entertainment. Strategy Analytics. US International Trade Commission (USITC). YouGov.

Customers can apply with banks, lenders, and other financial institutions—or directly at the point-of-sale (POS)—and receive installment options powered by partners like Barclays US, FIS, Marqeta, and Synchrony. If approved, customers will be presented with an installment option from a partner lender—often four interest-free payments.

[When he left Verizon, Naggar planned to start his own business, but Barclays called—the beginning of his career in banking.] Did you see that Apple announcement about digitizing your ID and bringing it over to Apple Wallet so you can use it at airports and other places?

ING launched Yolt, which helps users track their finances, in 2017 to re-enter the UK retail banking market with a free mobile app after selling ING Direct UK to Barclays in 2012. In the following years, Yolt expanded to France and Italy. After evaluating business activities, including whether they had achieved the preferred scale in their market, it decided to shutter Yolt.

Banks: Barclays announced in April that it’s teaming up with fintech Amount to roll out a white-label BNPL offering that merchants can provide to customers under their own brands. JPMorgan Chase jumped into BNPL last November with My Chase Plan, which the bank made available to its cardmembers.