06 September 2019
Written By FinTech Alliance in Mortages
Tesco Bank will move over 23,000 mortgages over to Halifax, a subsidiary of Lloyd’s, by the end of the month.
The bank’s UK residential mortgage portfolio is worth £3.8bn.
Tesco stopped lending on new mortgages in May and announced plans to sell portfolio.
The decision to sell to Halifax ends a competition to secure the portfolio which also involved Santander and RBS.
Eden AI, which works with more than 500 organisations including the Council of Europe and Atos, translates sophisticated AI models into practical tools for businesses...
This decision aligns with the bank’s focus on digital transformation and improving online transaction processes for merchants.
Event showcases Zellis HCM AIR, realtime payroll, and AI-enhanced features
The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms
The Co-operative Bank has made a £464m deal to buy ...
Digital mortgage broking business Habito has just closed a £5mn ...
Starling Bank has purchased a mortgage portfolio worth £1bn from Kensington ...
Key backers include Aviva and Nationwide In Brief:Tembo enables first-time buyers ...
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