Tag: B2C

Activity, News, Retail Banking

Goldman Sachs reportedly seeks new issuer for General Motors credit card

November 9, 2023

Via: FinTech Futures

The programme serves purchasers and owners of General Motors vehicles, enabling them to earn rewards on their spending through the GM credit card. Goldman Sachs beat out a small number of bidders, including Barclays, in October 2020 to purchase the […]


US regional bank United Community partners Allied Payment Network for real-time payments

October 19, 2023

Via: FinTech Futures

Based in Greenville, South Carolina, United Community is a regional bank offering both personal and business banking services, including checking and savings accounts and loans, as well as wealth management and investment solutions. It operates primarily in the states of […]


Credit Karma pauses “almost all new hiring” citing revenue challenges

November 2, 2022

Via: FinTech Futures

In the email sent to all employees, Colleen McCreary, Credit Karma’s chief people officer, says the company continues to face “revenue challenges due to the uncertainty of the macroeconomic environment”. The email says the company has increased its headcount by […]


Can Banks Afford to Be Short-Sighted With Real-Time Payments?

July 22, 2021

Via: Bank Director

The industry’s payments ecosystem is developing rapidly in response to increasing consumer demand for faster, smarter payments. The need for real-time payments was accelerated by the global pandemic — but most banks are moving far too cautiously to respond to […]


Global fintech M&A round-up Q1 2021

April 2, 2021

Via: FinTech Futures

Whilst some big deals announced last year never came to fruition in these early months – including Visa’s $5.3 billion acquisition of Plaid, and crowdfunding platforms Crowdcube and Seedrs – plenty of other deals emerged to take their place. Here’s […]

Capital and Risk, Operational, Regulations

UK government unveils digital identity plans based on wallet tech

February 17, 2021

Via: FinTech Futures

Conservative MP and minister for digital infrastructure, Matt Warman, led the policy paper and calls it “a first stage industry prototype”. He also cites Canada, Australia, Sweden and New Zealand – countries taking similar approaches to digital identity as the […]


Monzo appoints Carol Kobuke Nelson as new US president and CEO

February 15, 2021

Via: FinTech Futures

With TS Anil moving from US to UK CEO last year, a vacancy opened up for a new stateside boss at the UK challenger. Nelson previously served as a top executive for more than four years at Cleveland-based KeyBank. She’s […]

Channels, Regulations

Trump bans transactions through Chinese apps including Alipay

January 7, 2021

Via: FinTech Futures

According to Reuters, Trump issued the executive order just 15 days before his successor, Joe Biden, is set to be inaugurated. It bans transactions in the US via major Chinese Big Tech wallet providers including Ant Group and Tencent. President-elect […]

Channels, Retail Banking

Google Pay unveils integrated banking challenger Plex

November 23, 2020

Via: FinTech Futures

Plex is a checking and savings account. Google says the banking challenger will have no monthly fees, overdraft charges or minimum balance requirements. Come 2021, the US Big Tech’s 11 bank and credit union partners will offer Plex accounts to […]

Activity, Investment Banking

Robinhood’s valuation continues climb with $460m funding

September 25, 2020

Via: Banking Technology

The fresh capital puts Robinhood’s valuation at $11.7 billion, an increase of $700 million since last month. Commits for the latest $460 million came from existing investors. These include Andreessen Horowitz, Sequoia, Ribbit Capital, 9Yards Capital, and D1 Capital Partners. […]

Activity, Corporate Banking

Deutsche Bank to create new international private bank

June 15, 2020

Via: Banking Technology

The bank hopes to target 3.4 million clients through the new entity, merging its global wealth management clients across Germany, Europe, the Americas, Asia and the Middle East and Africa, along with private clients and small and medium-sized enterprises (SMEs) […]


Goldman Sachs closes Marcus to new UK users amid deposit surge

June 11, 2020

Via: Banking Technology

The easy access savings service closed its competitive 1.05% account to new customers on Wednesday, following a surge in deposits which to £21 billion from 500,000 savers since it launched in 2018. Its 12-month fixed-rate account is still open to […]


Apple Card fees pinch retailers’ profits this Christmas

December 12, 2019

Via: Banking Technology

Because the fees incurred by these elite cards are part of the cost of accepting credit cards, it’s the merchant which has to fork out to cover it rather than the consumer. The reason for the higher fees is down […]


Norway’s largest bank set to monopolise country with all-access mobile banking app

October 9, 2019

Via: Banking Technology

Last year DNB and Danske Bank became co-owners of the fintech. Now this joint acquisition is seeing Oslo-based DNB seek the “favoured” spot for Norway’s mobile banking app champion. “With access to every bank in Norway, DNB can now digitally […]