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Category: Activity


Activity, Retail Banking

JPMorgan Chase to let brands target customers based on spending data

April 3, 2024

Via: Banking Dive

JPMorgan Chase launched a business Wednesday that will help marketers target customers based on their spending habits. Chase Media Solutions, billed as the only bank-led platform of its kind, connects Chase’s 80 million customers to retail deals tailored to their […]


Activity, Capital and Risk, Operational, Retail Banking

Missouri’s Central Bank taps Personetics for AI-powered money management solution

March 28, 2024

Via: FinTech Futures

Central Bank states that the move will enable it to deliver goal-oriented savings and wellness programmes to its digital users, offer real-time personalised financial advice and introduce an improved money management hub. Daniel Westhues, executive VP and CMO at Central […]


Activity, Retail Banking

Mobile banking app for kids and teens, Cashee, to launch in Saudi Arabia

March 25, 2024

Via: FinTech Futures

Founded in 2020, the start-up has three co-founders: Smeetha Ghosh (CEO), Brad Whittfield (CFO), and Gups Jutla (COO). Cashee describes itself as “a banking and financial education platform” and says it’s “empowering youth to create better money habits”. Once launched, […]


Activity, Investment Banking

JPMorgan is still stuck on soccer

March 20, 2024

Via: Banking Dive

JPMorgan Chase has created a “sports investment banking coverage group” aiming to offer advisory and financing solutions for potential investors in athletic franchises, Reuters reported Tuesday, citing an internal memo. “Sports has become an increasingly large asset class, attracting more […]


Activity, Retail Banking

The evolving relationship between supermarkets and banking and the key role of fintechs

March 18, 2024

Via: FinTech Futures

This analysis begins with a look at some of those that did it first. Although a well-established retailer and grocer, it would take 78 years for British supermarket Tesco to tap the financial services market, a push led by the […]


Activity, Investment Banking

UBS eyes US growth with wealth business

March 18, 2024

Via: Banking Dive

UBS aims to expand its wealth management business in the U.S. through potential M&A activities within the next three to four years, Chair Colm Kelleher told the the Swiss NZZ newspaper Sunday, according to Reuters. Since its acquisition of Credit […]


Activity, Investment Banking

Lloyds Bank backs new £62m community development fund

March 4, 2024

Via: FinTech Futures

The CIEF has been launched to provide funding to Community Development Finance Institutions (CDFIs). CDFIs are non-profit lenders including community development banks, credit unions, loan funds and venture capital funds which service underserved communities specifically with small business loans, real […]


Activity, Retail Banking

Online pension provider PensionBee announces US expansion plan

March 4, 2024

Via: FinTech Futures

Described as a “transformative step” for the firm by company CEO Romi Savova, PensionBee hopes its US operations will match or exceed the scale of its UK business within the next decade, adding that the US defined contribution pension market […]


Activity, Investment Banking

Cross River Bank Group launches new investment banking unit

February 29, 2024

Via: FinTech Futures

The group – which is headquartered in Kansas City and includes CRB Securities and embedded finance solutions vendor Cross River Bank – says the new division will work to advise fintechs on “their most critical decisions, including mergers and acquisitions, […]


Activity, Corporate Banking

The Top Trends in Corporate Banking You Need to Know About

February 22, 2024

Via: TechBullion

As the business world continues to evolve, so too does corporate banking. From digital transformations to innovative financial solutions, staying ahead of the game is essential for success in today’s competitive market. In this blog post, we’ll explore the top […]


Activity, Retail Banking

New York Fed Bank analyzes BNPL usage

February 19, 2024

Via: JD Supra

On February 14, the Federal Reserve Bank of New York (NY Fed) published a blog post evaluating different households’ use of buy now pay later (BNPL) products, which it generally described as “loans that are payable in four or fewer […]


Activity, Capital and Risk, Credit, Retail Banking

US Bank partners Pagaya Technologies for inclusive lending with AI

February 16, 2024

Via: FinTech Futures

The partnership will see the bank adopt its partner’s embedded lending technology and credit intelligence network to induce a “second review” of a loan application should the applicant fail to meet its traditional lending requirements the first time around. A […]


Activity, Corporate Banking

Bill Holdings, Bank of America revamp contract

February 12, 2024

Via: Banking Dive

Bill Holdings had been planning on increased work from Bank of America, but now that plan is up in the air, the CEO for the bill-pay fintech said last week. Bill, which provides bill pay and other accounting software services […]


Activity, Investment Banking, News

Deutsche Bank to cut 3,500 roles over two years amid €2.5bn savings drive

February 5, 2024

Via: FinTech Futures

The German investment bank says the cuts will mainly apply to “non-client-facing areas” as it looks to streamline its business in Germany and lower its annual total operating cost to €20 billion by 2025. Deutsche Bank currently employs around 90,000 […]


Activity, Capital and Risk, Corporate Banking, Credit

SellersFi, Amazon team up to offer up to $10M in credit lines

January 31, 2024

Via: Banking Dive

SellersFi, a global e-commerce financing and financial services company, is partnering with Amazon Lending to offer eligible sellers credit lines of up to $10 million, the companies announced Tuesday. CEO and co-founder Ricardo Pero said the credit lines are targeting […]


Activity, Corporate Banking

California banks merge in $233.6M deal

January 30, 2024

Via: Banking Dive

Billed as a “merger of equals,” the deal will create a $4.6 billion-asset company with a presence in some of California’s strongest areas for mid-market business banking. “The expanded scale and capabilities we will have as a result of this […]


Activity, Corporate Banking

The Role of Corporate Banking in Financing Mergers and Acquisitions: A Closer Look

January 18, 2024

Via: TechBullion

Are you intrigued by the world of mergers and acquisitions? Wondering about the crucial players behind these multimillion-dollar deals? Look no further, as we delve into the captivating role of corporate banking in financing such monumental transactions. Join us for […]


Activity, Investment Banking

U.S. Bancorp (USB) Advances While Market Declines: Some Information for Investors

January 4, 2024

Via: Yahoo

The most recent trading session ended with U.S. Bancorp (USB) standing at $43.21, reflecting a +1.08% shift from the previouse trading day’s closing. The stock’s performance was ahead of the S&P 500’s daily loss of 0.34%. Meanwhile, the Dow gained […]


Activity, Retail Banking

HSBC completes sale of French retail banking business to CCF

January 2, 2024

Via: FinTech Futures

News of the sale first broke in May 2021, with HSBC reportedly having paid more than €1 billion for New York-based private equity firm Cerberus Capital Management to take its loss-making French branches off its hands. As of 1 January […]


Activity, Investment Banking

2023 Foreign Direct Investment Year End Update: Continued Expansion of FDI Regulations

December 20, 2023

Via: JD Supra

As previously reported, regulations and restrictions on Foreign Direct Investment (“FDI”) have expanded quickly in the United States and in many of its trading partner countries around the world. FDI has been further complicated in the U.S. by the passage […]