I blogged in positive terms recently about Royal Bank of Scotland and the 'Powered by NatWest' partnership it had created as a mobile payments processor for O2.
Just as this landmark partnership was created, RBS decided to close down their internal mobile payments team.
So much for a commitment to the future and the most exciting part of banking around right now.
Mind you, it does make me wonder about the bank's future when they close down one of the few areas where there is clearly growth for the future.
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...