British banking heavyweights HSBC and RBS are launching new digital banking plat...
) are launching new digital banking platforms, as competition for digitally savvy customers steps up in the face of a wave of online startups.
Britain’s high street lenders are investing billions of pounds in new or refreshed digital services to meet growing customer demand. But they are playing catch-up when it comes to matching the technology of fast-growing startups like Monzo, Starling and Tandem. The service has been developed by around 150 staff in London working away from HSBC’s Canary Wharf corporate headquarters.
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