CityAM- Barclays is the latest major bank to turn to a startup as we approach the era of Open Banking, when high street banks will have to work even harder to keep up with newer and more digital rivals.
The bank is working with Flux, a UK fintech, for making receipts digital, initially in a trial with around 10,000 customers who are among its early product testers but with plans to put it in the hands of its 5m mobile users.
They will get app alerts in real time with purchase details when they're shopping, with the idea that it can offer users greater control over their spending when they know exactly what their cash is going on. Read more.
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