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Category: Retail Banking


Products, Retail Banking

Lloyds app now lets customers see savings and credit card accounts from other banks

June 17, 2019

Via: Finextra

The group’s three brands – Lloyds, Halifax and Bank of Scotland – all already allow customers to see all of their current accounts in their banking apps. The credit card and savings feature currently only includes the three sister brands […]


Capital and Risk, Credit, Products, Retail Banking

Amazon’s newest credit card could be a double-edged sword for people with bad credit

June 10, 2019

Via: Market Watch

Amazon’s newest credit card is designed to appeal to consumers who are looking to improve their credit score. It comes with an unusual structure — and some major caveats. The Amazon Credit Builder card AMZN, +3.38% will function as a […]


Channels, Products, Retail Banking

Blockchain benefits limited for retail banks – report

June 7, 2019

Via: Finextra

Chief among the headwinds to greater blockchain adoption is the tough regulatory environment around consumer finance and the poor reputation of cryptocurrencies such as bitcoin which have made the retail banking sector “nervous and cautious” about any blockchain-related initiatives, says […]


Products, Retail Banking

Left-leaning lawmakers like Bernie Sanders want Americans to bank at the post office — why that won’t help millions of people

June 5, 2019

Via: Market Watch

Progressive lawmakers including U.S. Sen. Bernie Sanders and U.S. Rep. Alexandria Ocasio-Cortez want Americans to be able to visit their local post office for their banking needs. Sanders, an independent from Vermont, and Ocasio-Cortez, a New York Democrat, see “postal […]


Products, Retail Banking

Bank of America chatbot logs 50 million requests in first year

May 29, 2019

Via: Finextra

Since its nationwide rollout in June 2018, Erica has: Completed over 50 million client requests – from everyday banking activities to more complex tasks – through the latest in artificial intelligence (AI), predictive analytics and natural language processing. Been engaged […]


Products, Retail Banking

Buy now, pay later outfit Sezzle selects BofA for card processing

May 22, 2019

Via: Finextra

Sezzle will use Bank of America Merchant Services’ global payment platform powered by Visa’s CyberSource. “We’re thrilled to provide our payment solutions to this exciting business,” said David Ades, EVP, General Manager and Head of Sales North America at Bank […]


Capital and Risk, Credit, Products, Retail Banking

U.S. Bank Revolutionizes Home Borrowing Experience

May 15, 2019

Via: Yahoo

U.S. Bank welcomes spring with the launch of a comprehensive suite of industry-leading digital tools that will benefit homeowners – simple, smart and secure digital applications for home mortgages, home equity loans and home equity lines of credit, or HELOCs. […]


Products, Retail Banking

Credit and payments app Twisto raises €14m

May 9, 2019

Via: Banking Technology

The investment round was led by Finch Capital and co-led by Velocity Capital. ING Ventures, UNIQA Ventures and ING Bank Slaski also joined the round, following their earlier €5 million Series A investment. Enern stays on as main investor. The […]


Products, Retail Banking

U.S. Bank Adding Retail Banking to Charlotte Presence in 2019

April 22, 2019

Via: Yahoo

First branch to be located at 201 S. Tryon Street in historic Uptown area In fall 2019, U.S. Bank will expand its retail banking presence to a new state with the opening of its first branch in Charlotte, N.C. Retail […]


Products, Retail Banking

Best Budget Apps and Personal Finance Tools for 2019

April 8, 2019

Via: Finextra

Keeping track of your budget is easier than ever in 2019, thanks to the various tools that have arrived on the market to fill this niche. However, the huge availability of products can be a bit overwhelming at times. If […]