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Category: Activity


Activity, Corporate Banking, Investment Banking

Dubai BNPL firm Tabby secures $150m debt financing

August 4, 2022

Via: FinTech Futures

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 […]


Activity, Regulations, Retail Banking

Monzo rapped by CMA over failure to provide transaction history data

July 29, 2022

Via: FinTech Futures

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, […]


Activity, Retail Banking

The Untapped Market Hiding in Consumer Bank Accounts

July 26, 2022

Via: Bank Director

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 […]


Activity, Retail Banking

HSBC to offer gender-neutral banking in bid for inclusivity

July 25, 2022

Via: American Banker

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 […]


Activity, Investment Banking, Regulations

Crypto Trading Platforms and Bankruptcy Law: Are Clients Protected?

July 21, 2022

Via: JD Supra

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 […]


Activity, Corporate Banking

Australia’s ANZ snaps up Suncorp Bank in $3.3bn deal

July 18, 2022

Via: FinTech Futures

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 […]


Activity, Investment Banking

Citi bumps up its tech spend by 14%, CFO says

July 18, 2022

Via: Banking Dive

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. […]


Activity, Investment Banking

What is bitcoin cold storage – Explain it?

July 15, 2022

Via: TechBullion

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 […]


Activity, Retail Banking

Gen Z banking app GoHenry expands to Europe through Pixpay acquisition

July 12, 2022

Via: Banking Dive

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 […]


Activity, Investment Banking

Trading Platforms: Capitalizing on the Investing Boom

June 29, 2022

Via: PR Newswire

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 […]


Activity, Investment Banking, Regulations

Atlantic Money secures EU-wide payment institution approval

June 29, 2022

Via: FinTech Futures

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 […]


Activity, Investment Banking

DFC grants an up to 200 million USD loan to Vietnam’s SeABank

June 21, 2022

Via: PR Newswire

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 […]


Activity, Investment Banking

US fintech Wahed Invest to receive $50m in Series B funding

June 20, 2022

Via: FinTech Futures

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 […]


Activity, Investment Banking

The Fed Raised Interest Rates Again: What It Means for This Warren Buffett Stock

June 16, 2022

Via: Yahoo

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 […]


Activity, Retail Banking

Modernizing Your Retail Banking Business

June 13, 2022

Via: Bank Director

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 […]


Activity, Corporate Banking

Unlocking Banking as a Service for Business Customers

June 7, 2022

Via: Bank Director

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 […]


Activity, Corporate Banking

3 Questions to Optimizing Debit Card Profitability in a Deal

June 3, 2022

Via: Bank Director

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 […]


Activity, Retail Banking

5 Things Banks Can Do Right Now to Protect Older Customers

May 31, 2022

Via: Bank Director

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: […]


Activity, Investment Banking

Private market exchange ADDX raises $58m pre-Series B funding

May 25, 2022

Via: FinTech Futures

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 […]


Activity, Retail Banking

Two US banks tap fintech Chimney to boost customer engagement

May 25, 2022

Via: FinTech Futures

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 […]