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Retail Banking
News, intelligence and resources on the global fintech industry including topics such as retail banking.
TD Bank nixes First Horizon merger citing regulatory approval delays
The merger has been mutually terminated and TD Bank has agreed to fork out $200m in cash to First Horizon.
FinTech Futures: Top five stories of the week – 5 May 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Banking super-apps, marketplaces, ecosystems and platforms
You should always have a clear understanding of exactly what you’re building before you get started.
JP Morgan Chase snaps up troubled First Republic from FDIC in $10.6bn deal
JP Morgan has assumed all deposits – insured and uninsured – worth approximately $92 billion from the FDIC.
HSBC triples quarterly profits following SVB UK acquisition and interest rate hikes
The bank also intends to begin a new share buyback of up to $2 billion.
Peter Major joins MDT in newly created VP of fintech services role
Major previously spent more than 15 years with banking tech firm Jack Henry.
Jack Henry signs three new US clients for its core banking tech
Michigan’s First Community Bank, Florida’s Sunrise Bank, and Arkansas’ Today’s Bank have selected Jack Henry’s tech.
Valley National Bank taps NayaOne for fintech innovation platform
The platform will allow the bank and its fintech partners to test new products in a separate sandbox environment.
Banking Tech Awards 2023: Nominations now open!
This year’s ceremony will be held on 30 November 2023 at the Royal Lancaster Hotel, London.
FinTech Futures: Top five stories of the week – 21 April 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Goldman Sachs mulls potential sale of BNPL fintech GreenSky
GreenSky was acquired by Goldman in 2021 for $2.24bn to furnish its Marcus banking app.
Georgia United Credit Union taps Jack Henry for digital banking platform
The scalable platform is built on an open-API infrastructure, allowing the credit union to customise features.
Is there a future for credit unions and building societies?
With the finite resources of a small bank, credit union or building society, the future could be daunting.
Dutch challenger Bunq applies for US banking licence
The banking charter from the FDIC would allow the neobank to offer its services across the country.
US challenger Varo Bank names Sachin Shetty as new CTO
Shetty will be responsible for developing Varo’s technology stack as the bank looks to scale.
FinTech Futures Jobs: Four ways ChatGPT can help get you a fintech job
Explore thousands of open roles on the Fintech Futures Job Board today.
Seattle Bank partners LoanStar for embedded consumer lending solution
Seattle Bank customers can now access loans for high-value transactions directly through merchants.
Video: Infosys Finacle CEO Sanat Rao on the need for business model innovation in banking
Infosys Finacle CEO Sanat Rao discusses the key business model archetypes that will shape the future of banking.
New York fintech Spiral secures $28m Series A funding
The company will use the funding to launch its Impact-as-a-Service platform.
Metro Bank uses acquisition as a strategy to speed up innovation
A closer look at how Metro Bank has adapted its approach to innovation.
Spanish fintech ID Finance lands €30m equity funding
ID Finance claims its fundraise is the biggest received by a Spanish fintech in 2023.
FDIC offloads non-crypto Signature Bank deposits to Flagstar Bank
The FDIC will continue to provide crypto-related deposits directly to customers.
FinTech Futures: Top five stories of the week – 3 March 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Extended deadline announced for Banking Tech Awards USA 2023 nominations
The new deadline for nominations is now Friday, 24 February 2023. Apply today!
Citizens Financial Group taps Paymentus for bill pay and money movement services
Through the partnership, Citizens will deploy Paymentus Bill Center and Paymentus Loan Payments.
US Bank launches automated payroll deposit feature for new accounts
The automated process is available on the bank’s mobile app and online banking platforms.
JP Morgan reportedly planning German digital bank offering
The launch is set for late 2024 or early 2025, Bloomberg reports.
Several major US banks reportedly team up on new digital wallet project
Seven banks are working on an e-wallet linked to consumers’ debit and credit cards, The Wall Street Journal reports.
Goldman Sachs loses $3bn over three years on platform solutions business
Reuters reports the firm outlined a pre-tax loss of $1.2bn for the first nine months of 2022.
Webinar: Achieving service excellence with Salesforce for retail banking – UMB Bank use case
UMB Bank shares its experience of migrating to Salesforce and the impressive results.
Wells Fargo fined $3.7bn for loan, mortgage and deposit mismanagement
Wells Fargo must pay more than $2bn in redress to 16 million affected consumers and a $1.7bn civil penalty.
What the FinTech? | S.3 Episode 19 | Canada’s evolving banking landscape
In this episode, we’re joined by Amreen Sodhi, head of digital product, payments and loyalty at Scotiabank.
US SME banking platform Novo bags $35m in Series B extension
The new cash takes its total Series B funding to $125m following a $90m raise earlier this year.
Santander UK picks NCR to run its self-service ATM network
NCR will upgrade, connect and run Santander UK’s network of more than 1,700 ATMs.
Not all banks are created equal
Digital banks are setting themselves apart from the incumbents and ushering in a new age in banking.
DBS and digitalisation: what the West can learn from the East
“Meaningful innovation is the true litmus test,” says DBS’ Shee Tse Koon.
Paytech Form3 lands €23m venture debt facility from Atempo Growth
The funding will enable Form3 to explore potential M&A opportunities and launch in new markets.
US challenger Zenus picks Finxact to power its “global banking platform”
Finxact will join Microsoft and HSO, a business network and cloud consultancy, in delivering the platform.
Wells Fargo partners Google Cloud for AI virtual assistant, Fargo
Fargo will leverage Google Cloud’s conversational AI platform Dialogflow to offer personalised banking tips.
