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Concerns Over Financial Inclusion Gap in Rural Areas Amid More Bank Closures

The Fintech Times

. “Customers like small business owners should be focused on growing their businesses, and digital banking services offer them the flexibility to bank on their own time.” ” The post Concerns Over Financial Inclusion Gap in Rural Areas Amid More Bank Closures appeared first on The Fintech Times.

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UK bank closure to hit 400 in 2022

The Paypers

UK-based bank branches have closed over the past few months, stripping the elderly and vulnerable of access to cash.

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News & Views Podcast | Episode 140: Financial Inclusion Gap, TechTrust Talent Hub & CASS

The Fintech Times

Listen to News & Views Podcast on your favourite platform: Read the articles discussed in this episode: Current Account Switch Services Surpasses 10 Million Switches as UK Becomes More Money-Savvy TechTrust Launches FinTech Talent Hub to Help Close Industry Skill Gap Concerns Over Financial Inclusion Gap in Rural Areas Amid More Bank Closures (..)

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UK’s Largest Independent Payments Broker Launches Tech-Enabled Cash Service to Boost SME Cash Flow

Fintech Finance

Not only does it take time out of a working week for a staff member to cash up and physically go to a bank, it’s also increasingly difficult to do so given the rise in high street banking closures.

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UK Banks Shutter As Digital Banking Surges

PYMNTS

Meanwhile, Co-operative Bank closed greater than half of its bank branches during the same timeframe that the HSBC branch closings occurred. Co-operative Bank is a lot smaller than HSBC. HSBC said in the report the bank closures are due to the fact that the lion’s share of its customers bank on smartphones or via the internet.

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Indian Currency: No More 500- or 1,000-Rupee Notes

PYMNTS

Separately, TheIndianExpress.com reported that smaller currency denominations would not be affected — and also that long lines had been queuing up at ATMs to withdraw cash in advance of bank closures slated for today.

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Lloyds Explores SME Compensation After HBOS Scandal

PYMNTS

The bank added that he had been “selected for his experience in overseing high-profiel reviews of a complex nature and for his clear understanding of small and medium enterprises, as well as his track record in ensuring the principles of fairness are followed in a number of joint government, banking and industry initiatives.”.