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Incentives lure SMEs to switch banking providers


Picture: PA
By Kristy Dorsey
A £275m scheme to encourage small and medium-sized enterprises to switch from Royal Bank of Scotland has closed with a total of 69,135 firms changing providers.
The Incentivised Switching Scheme (ISS) forms part of the Alternative Remedies programme that was launched to address EU regulators’ concerns about the £45 billion taxpayer bailout of the group formerly known as Royal Bank of Scotland during the 2008 financial crisis. The RBS Group changed its name to NatWest in July of last year.
Qualifying SMEs received dowries worth up to £50,000 if they moved to one of 10 approved alternative banks. The original plan was for the scheme to close after 120,000 had switched, or when all of the dowry was spent, with the latter achieved at the end of June after 28 months in operation. ....

United Kingdom , Brendan Peilow , Starling Bank , Metro Bank , Clydesdale Bank , Hampden Co , Royal Bank , Incentivised Switching Scheme , Alternative Remedies , Virgin Money , Edinburgh Based Hampden , Banking Competition Remedies , ஒன்றுபட்டது கிஂக்டம் , ஸ்டார்லிங் வங்கி , மெட்ரோ வங்கி , சிலிடெஸ்ட்லே வங்கி , ஹாம்ப்டன் இணை , அரச வங்கி , மாற்று வைத்தியம் , கன்னி பணம் , எடின்பர்க் அடிப்படையிலானது ஹாம்ப்டன் , வங்கி போட்டி வைத்தியம் ,

Private bank Hampden brings in tech chief


Left to right are Graeme Hartop and Colin Tate of Hampden & Co (by Stewart Attwood)
By Scott Wright
HAMPDEN & Co has recruited a senior figure from Sainsbury’s Bank as it strives to develop the technology underpinning its services.
The Edinburgh-based private bank has hired Colin Tate as its new chief operating officer. He will succeed Stuart Alexander, who is retiring next month.
Mr Tate was most recently head of digital transformation at Sainsbury’s Bank, where he spent a decade of his career, and previously had spells at Accenture, Capgemini and PwC.
At Hampden he will be given responsibility for leading the bank’s technology strategy and business change programmes. ....

United Kingdom , City Of , Colin Tate , Graeme Hartop , Stuart Alexander , Sainsbury Bank , Hampden Co , ஒன்றுபட்டது கிஂக்டம் , நகரம் ஆஃப் , கொலின் டேட் , ஸ்டூவர்ட் அலெக்சாண்டர் , சைன்ஸ்பரி வங்கி , ஹாம்ப்டன் இணை ,