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Starling first challenger onboard with Pay by Bank
service has partnered with UK digital-only new entrant, Starling Bank. It is the first challenger bank to commit to Pay by Bank app’s technology (incumbents like HSBC and Barclay have also signed up) which enables customers to make real-time payments from their existing mobile banking app.
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Rajiv Garodia, Managing Director of Pay by Bank app, comments: “Starling Bank offers a unique proposition to customers with simplicity and security at the heart of what they do – making it a natural fit for Pay by Bank app. The fact that Starling Bank, which is known for its pioneering approach to banking and technology, has committed to Pay by Bank app, reflects growing recognition that the service is fast becoming the ‘standard’ for mobile payments.”
Julian Sawyer, Chief Operating Officer of Starling Bank, says: “We’re committed to building a bank that adapts to customer’s lives, rather than interrupts them. That is why
ocaLink’s Pay by Bank app mobile payments
we have built a mobile- only bank, and focus on giving people control and clarity over their everyday money. It is also why we believe our partnership with Pay by Bank app is important as it not only allows customers to bank and transact on the go, but also to benefit from a
greater range of choice and sense of security. Pay by Bank app’s ‘token’ technology means financial data never leaves the customer’s banking app during a transaction, staying safe and secure. This is an exciting innovation and we are proud to be part of helping it become a more mainstream form of online payments.”
Scott Thompson
Clydesdale and Yorkshire Bank unveils Studio B
and Yorkshire Bank, has launched on High Street Kensington in London. The space in Clydesdale and Yorkshire Banks’ new flagship London store will tap into intelligent design, including facial recognition technology, gaming, animation and video content. Every four weeks, invited guests and members of the public will take on a new challenge to build the next generation of banking. The prototypes they develop will be showcased in the store and tested on customers.
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Helen Page, Group Innovation & Marketing Director, says: “This inspiring space reinvents the way we engage with
tudio B, an innovation lab from Clydesdale
the public, allowing the next generation of customers to design the next generation of banking. We want to put the fun back into finance and help customers find practical solutions to the challenges they face. Studio B will help people build a better relationship with their money.”
Scott Thompson
www.ibsintelligence.com © IBS Intelligence 2017
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