The challenges continue to mount for UK challenger Metro Bank; founded by the former head of Commerce Bank in NJ,...
Metro Bank is a UK challenger bank which recently shared a mistake in how they classified their loan book; the...
Metro Bank’s Harrow branch in London became the victim of a fake news story that caused customers to demand their...
The founder of Metro Bank, a UK challenger bank, says app-only banks are "all hype" and sees them more as a provider of solutions and not banking; Vernon Hill told Business Insider in an interview that Metro Bank has been around for six years, has a market cap of $3.2 billion but only started to become profitable now; he went on to say: "No mobile-only bank can deliver anything I can't deliver in the next minute and a half. What they're offering you is a tool, not a solution. The customer wants the best of every channel and my job is to deliver them the best of every channel." Source
Earlier in the summer we learned that Metro Bank was in talks with RateSetter on a possible acquisition; today, it...
The UK's Metro Bank has enhanced its digital banking platform and launched new services; the new services include advanced technologies across nearly all aspects of the online user experience; the enhancements follow increased competition by digital-only banks including Starling, Atom, Tandem, Loot and Monzo; Metro Bank opened in 2010 and is also an investor in consumer loans through marketplace lender, Zopa. Source
Visa, Mastercard Fined Wirecard for Dubious Transactions Mexico-Based Prop Tech Flat.mx Secures $25 Million in Debt Financing From Arc Labs...
One of the most innovative banks in Europe is now partnering with Airbnb to allow residential mortgage customers to rent their properties; Metro Bank will allow customers to rent their homes for up to 90 days without any written approval; Paul Riseborough, chief commercial officer at Metro Bank explained, "Our focus is on making our customers' lives as straightforward and convenient as possible and we therefore hope today's news will give our customers the reassurance they need to jump in and take advantage of everything the dynamic sharing economy has to offer." Source
Metro Bank is in talks to acquire one of the largest p2p lenders in the UK in RateSetter; according to...
UK based challenger banks Starling Bank, Metro Bank and ClearBank were awarded more than $365mn of the RBS Competition Fund;...