Category: Activity

August 4, 2022

The new debt commitment follows Tabby’s $54 million Series B extension in March this year. Tabby says the investment “fortifies” its balance sheet and supports its sustained growth in transaction volumes and product expansion. It adds that it will continue […]

July 29, 2022

The challenger informed the CMA it had failed to send transaction histories to more than 13,000 customers, despite reporting a similar breach last year. Monzo has since contacted all affected customers to offer them a copy of their transaction history, […]

July 26, 2022

Banks are sitting on an untapped opportunity to increase revenue and deepen relationships hidden within the data running through their ecosystem. It’s the small or micro businesses operating out of customers’ personal accounts — not through business accounts. These small […]

July 25, 2022

HSBC Holdings’ U.K. unit is planning to stop collecting data on the gender of its customers across some products as the bank pursues more inclusive services for nonbinary and trans people. The bank has begun removing references to gender in […]

July 21, 2022

Cryptocurrency investors, who were already in the icy clutches of the so-called “crypto winter,” now have another reason to shiver. Insolvency issues are cropping up with some frequency among crypto companies, which is shining a light on the lack of […]

July 18, 2022

The firm says the deal will boost the growth of its retail and commercial businesses “while also improving the geographic balance of its business in Australia”. The acquisition includes around $32 billion in home loans, $30 billion in deposits and […]

July 18, 2022

Investment in technology is becoming a key expense driver for the bank. Expenses overall increased 8% for Citi, and 3% of that spend was driven by “transformation investments,” Mason said, with two-thirds relating to risk, control, data and finance programs. […]

July 15, 2022

Since people want to invest in bitcoin for more than two years to get a higher return on investment, they know that the hacking activities are increasing, and they are looking for a secure platform or storage to store their […]

July 12, 2022

GoHenry and Pixpay will continue to operate under their own brands with no change in leadership, headquarters or headcount, according to a press release. “Pixpay is the most developed player in Europe and we’re excited to combine our expertise in […]

June 29, 2022

Retail investors are a force to be reckoned with. They have flocked to investing since the start of the pandemic and, just like the professionals, they need somewhere to get their investing fix. This article discusses this issue with reference […]

June 29, 2022

The fintech intends to launch gradually across the EU, starting with Belgium this summer, followed by Germany and Austria. Atlantic Money has already started onboarding UK customers who signed up for early access when the business came out of stealth […]

June 21, 2022

U.S. International Development Finance Corporation (DFC) is an independent U.S. government’s development finance institution. DFC partners with the private sector to provide finance support and solutions for projects with great economic potential and new economical tools that enable it to […]

June 20, 2022

Other investors in the round include footballer Paul Pogba, who has joined Wahed as brand ambassador, and a number of family offices and institutions. The Series B round will support the start-up’s ongoing growth phase, with plans to launch an […]

June 16, 2022

On Wednesday, the Federal Reserve announced it is increasing its benchmark interest rate by 0.75% in its continued effort to fight inflation. Rising interest rates impact every part of the economy, from how much interest you earn on your deposits […]

June 13, 2022

The Covid-19 pandemic accelerated the decline of traffic in most banks’ retail branches, leading many organizations to reexamine the cost of their branch services and the ultimate viability of their branch-based services. Bank boards and executive teams must address the […]

June 7, 2022

Banking as a service, or BaaS, has become one of the most important strategic imperatives for chief executives across all industries, including banking, technology, manufacturing and retail. Retail and business customers want integrated experiences in their daily lives, including seamlessly […]

June 3, 2022

As the banking industry shrinks each year, CEOs often ask what they should look out for to improve profitability during and after a merger or acquisition. There is one area that is all too often overlooked: debit card profitability. As […]

May 31, 2022

Your bank’s most valuable customers are also its most vulnerable. Americans born before 1965 hold 65% of bank deposits in the U.S., according to the American Bankers Association 2021 Older Americans Benchmarking Report. They are also routinely targeted by criminals: […]

May 25, 2022

The round saw participation from several financial institutions, including UOB; Hamilton Lane; SET Venture Holding, a subsidiary of the Stock Exchange of Thailand (SET); and Krungsri Finnovate, the corporate venture capital arm of Krungsri, Bank of Ayudhya. The funding will […]

May 25, 2022

New York-based Chimney’s financial calculators help customers make “smarter” financial decisions. At the same time, Chimney delivers digital tools that help banks, credit unions, mortgage lenders and insurance companies gain “more engagement, more conversations and valuable data”. Matthew Covi, co-founder […]