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Category: Banking

Banking

Not being an ornithologist I pictured a small, weak insignificant bird perching on the branch of a small tree

There is much to thank the Midland Bank for launching ‘free in credit banking’ in the mid 1980’s but perhaps, an unintended consequence was, this act that led to all current accounts feeling the same. A range of utility current accounts from an ever decreasing number of providers offering the same vanilla banking. In early 1990 I made the most […]

Banking

Current Account Switch volumes impacted by COVID19

Pay.UK have just published the monthly Current Account Switch Service data for April 2020. The Current Account Switch Service (CASS) has completed 6.6 million switches since launching in 2013, 280,520 of which took place between January and March 2020. Despite the impact of COVID19, March saw the third highest number of Current Account Switches since the CASS service was launched […]

Banking

Switching winners

Today, 30 April 2020, saw the publication by Pay.UK of the Current Account Switch Service Dashboard covering the period 1 January to 31 March 2020. The Current Account Switch Service (CASS) has completed 6.6 million switches since launching in 2013, 280,520 of which took place between January and March 2020. With much talk of the rise of the challenger bank […]

Banking 0

Making It Happen

‘A compelling account of Britain’s worst ever banking failure; as you read you will laugh, cry and fume’ Robert Peston I was in two minds as to whether I ought to read ‘Making It Happen’ but these events had a significant impact on my time leading the UK’s retail payments system – if you were in the industry during this […]