Category: Retail Banking

Activity, Retail Banking

UBS nominates ex-Morgan Stanley No. 2 Kelleher as next chair

November 22, 2021

Via: Banking Dive

UBS on Saturday nominated former Morgan Stanley President Colm Kelleher to become its next chairman — a move that could be solidified through a vote at the Swiss bank’s annual shareholder meeting April 6. The bank — the world’s largest […]

Activity, News, Retail Banking

Citi puts a number to its South Korea wind-down charges

November 8, 2021

Via: Banking Dive

Citi will incur between $1.2 billion and $1.5 billion in charges to wind down its consumer banking operations in South Korea, the bank said Monday in an amendment to an earlier Securities and Exchange Commission (SEC) filing. The bank said […]

Activity, Retail Banking

Banking for mental health

October 29, 2021

Via: FinTech Futures

One of my brightest digital strategists, Kam Chana, suggested that we should add features to support people with mental health issues. I have to admit, at the time we had no stats/numbers as to how big a need this was, […]

Activity, Investment Banking, Retail Banking

Capital One to acquire healthcare investment bank TripleTree

October 18, 2021

Via: Banking Dive

“Now more than ever, it’s essential to provide our clients with best-in-class solutions, products and services. Capital One and TripleTree together are well-positioned to help our healthcare clients navigate the ever-changing external landscape at every stage of their business,” Darren […]

Activity, Retail Banking

New US fintech Monai to gamify savings for Millennials and Gen Z

October 7, 2021

Via: FinTech Futures

Monai, which is still in the waiting list stage, says users can use time spent playing mobile games to earn interest on savings they deposit in the app. The firm also promises to offer a savings advisor, which will provide […]

Activity, Retail Banking

Chime Banking Review: A Summary Of Chime Reviews

October 6, 2021

Via: TechBullion

With a ton of finance companies offering multiple products, it can be daunting to determine which one best suits your personal financial needs. But among the many financial services options available today, Chime has proven to be a popular choice […]

Activity, Retail Banking

Japan’s MUFG to exit U.S. retail banking in $8 billion deal with U.S. Bancorp

September 21, 2021

Via: Yahoo

Mitsubishi UFJ Financial Group (MUFG) is pulling back from U.S. retail banking with the $8 billion sale of MUFG Union Bank (MUB) to U.S. Bancorp as digital technology and industry consolidation squeeze out smaller lenders. The deal includes $5.5 billion […]

Activity, Retail Banking

Robinhood developing early direct deposit access, app code shows

September 2, 2021

Via: Banking Dive

Trading app Robinhood is developing the capability for users to receive their paychecks by direct deposit up to two days early, Bloomberg reported Wednesday. The upcoming functionality was found within a beta version of a soon-to-be-published update to Robinhood’s iPhone […]

Activity, Retail Banking

PayPal launches UK crypto service

August 27, 2021

Via: FinTech Futures

The new offering, which starts rolling out this week, will give users a choice of four cryptocurrencies — Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Real-time crypto prices and content to learn about the opportunities and risks involved will also be […]

Activity, Channels, Retail Banking

Leveraging Rationalization to Tackle Digital Transformation

August 19, 2021

Via: Bank Director

The coronavirus pandemic has had a notable impact on financial institutions, creating a more-urgent need to embrace digital-first banking. However, shifting to digital doesn’t just mean adopting new digital banking tools — a common misconception. Rather, it requires that banks […]