Tag: UK Banks

Kroo, a digital bank, has closed its crowdfunding round today, amassing a staggering £2,009,559.12. This figure more than doubles its initial target of £1m, demonstrating a strong public demand for better banking solutions.

Only 51% of UK bank employees recommend their institutions' international payments services, according to a revealing survey commissioned by Wise. The findings underscore the pressing need for banks to revamp their cross-border payments solutions if they hope to stay competitive against dedicated international payment providers.

The FCA has unveiled actions under the Consumer Duty rules, outlining a 14-point plan aimed at enhancing cash savings interest rates.

In a revealing new study by Tink, Europe's premier open banking platform, an estimated 40% of UK residents expressed interest in utilising banking tools to monitor their environmental footprint, however, only 24% of banks currently offer such capabilities.