Metro Bank fined £16.7m by the FCA for “financial crime failings”
The fine relates to historic deficiencies in the company’s transaction monitoring systems and controls.
Metro Bank
September 2024: Top five AI stories of the month
FinTech Futures takes a look back at five of the top AI stories from September.
Metro Bank partners Infosys to boost digital transformation with AI
The UK bank is also reportedly set to cut around 300 roles as part of cost-cutting efforts.
FinTech Futures: Top five news stories of the week – 2 August 2024
Our pick of the top fintech news stories this week includes Renasant Corporation, Stripe, ING and more.
NatWest to acquire £2.5bn in prime UK residential mortgages from Metro Bank
Metro Bank is also set to withdraw credit cards from its product range.
FinTech Futures: Top five news stories of the week – 8 March 2024
Our pick of the top fintech news stories this week includes Fiserv, Monzo, Virgin Money and more.
Banking veteran Marc Page hired by Metro Bank as CFO
Page will take the reins from interim CFO Cristina Alba Ochoa.
FinTech Futures: Top five stories of the week – 1 December 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Metro Bank to axe 20% of jobs and review branch opening hours in push to cut costs
The bank is due to cut around 800 jobs as it looks to save up to £50 million per year in costs.
Shareholders give Metro Bank refinancing deal the green light
The £925 million rescue deal also grants Spaldy Investments a 52.88% ownership stake.
FinTech Futures: Top five stories of the week – 17 November 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
FCA places embattled Metro Bank on financial crime watchlist as rescue deal continues
Its position on the watchlist was revealed last week via the release of a 217-page dossier outlining a rescue deal for the bank.
Metro Bank uses acquisition as a strategy to speed up innovation
A closer look at how Metro Bank has adapted its approach to innovation.
FinTech Futures Jobs: Did you know learning Python is a great idea for your fintech career?
Explore thousands of open roles on the Fintech Futures Job Board today.
Report: How banks can blend digital and human for superior customer experience
Featuring practical business banking case studies from Metro Bank, Santander, and Lombard.
The Bank of London names former Metro Bank exec Marc Jenkins as new UK CFO
Jenkins will be responsible for “all accounting, finance and corporate treasury” at the bank.
Metro Bank confirms takeover approach from US private equity group
Carlyle has until 2 December to put a formal offer in place for the UK bank.
Metro Bank director of technology departs after less than two years
Sailesh Panchal announced his departure on social media.
FCA calls on banks to reconsider branch closures during pandemic
HSBC announced the closure of 82 branches in January.
Metro Bank unveils new “15 minute onboarding” for SMEs
The bank’s new online journey auto-populates business data.
Metro Bank goes live on Sensibill after successful pilot
The launch is part of a wider technology drive on the bank’s mobile app.
Metro Bank signs tech partnership deal with Wipro
Wipro plans a “transformation” on Metro Bank’s testing.
Metro Bank snaps up former Co-operative chief risk officer
Richard Lees will join Metro after four years at his current employer.
Metro Bank in talks to acquire UK P2P lender RateSetter
RateSetter would be bought up at “a knockdown valuation”.
British Business Bank appoints interim CEO, accredits 10 more firms
Catherine Lewis La Torre starts on 1 September.
Metro Bank appoints new CTO from Nationwide
The high street challenger bank wants Martin Boyle to help lead it back to growth.
Banks waive overdraft interest on temporary basis
Banks & building societies have previously been shaking up their overdraft charging structures.
Metro Bank partners with ezbob to launch SME lending platform
The bank claims businesses will receive loans in minutes.
Metro Bank cuts two thirds of new branches and returns £50m to BCR
The bank is paying back £50m of its fund from BCR.
Metro Bank hires new director of technology and engineering
Sailesh Panchal joins the challenger from Orwell Group.
Metro Bank raids FCA for new risk director
Jose Morago says he’s “excited” to get back to the finance industry.
Metro Bank’s founding chairman Vernon Hill steps down as non-exec director
Hill steps down from the position ahead of the 31 December 2019 date.
Metro Bank opens SME registration for on-demand cash service
Metro Bank aims to help business users save time.
Metro Bank pilots SME receipt management with Sensibill
UK bank hoping to save SME customers some time.
Metro Bank brings fintech to UK SMEs with £120m funding
The bank wants to inject “much needed competition” into the SME space.
Metro Bank chairman to step down
Vernon Hill will leave the bank at the end of 2019 after a turbulent year.
Metro Bank selects Artesian’s KYC solution
Data-driven automation of KYC and risk, aims to improve onboarding processes.
Video: fintech news weekly round-up – 25 February 2019
Metro, Starling and ClearBank get the RBS grant, South Korea plans fintech push, and more.
Metro, Starling and ClearBank win RBS fund
The Capability and Innovation Fund’s first pool grants a total of £280m.
UK’s Metro Bank hit by SS7 attack
Known telecommunications vulnerability exploited to target bank accounts.
