Category: Retail banking

Business banking, Capital and risk, Credit, Products, Regulations, Retail banking

Wells Fargo CEO Sloan Must Go, Senator Warren Tells Fed Chairman

October 18, 2018

Via: TheStreet banks

After successfully pushing in 2016 for the departure of the CEO of beleaguered U.S. bank Wells Fargo & Co. (WFC – Get Report), Democratic Senator Elizabeth Warren of Massachusetts is now gunning for another. In a press release Thursday, Warren […]

Products, Retail banking

HSBC gives US customers single platform for business and personal banking

October 4, 2018

Via: Finextra

HSBC Fusion will offer a single point of access, whether in the branch, by phone or through digital banking services, where customers can manage both their personal and business finances. Users will be assigned one point-of-contact for both their business […]

Products, Retail banking

Two-thirds of Amazon Prime members would try banking with the retailer, according to Bain study

September 18, 2018


Banks, you’ve been warned. About two-thirds of Amazon Prime members would try a free online bank account from the e-commerce giant, according to a report from consultant Bain & Co. That’s considerably higher than the percentage of regular Amazon customers […]

Capital and risk, Credit, Products, Retail banking

This new credit card offers 4% back on dining, but is it a good deal?

August 14, 2018

Via: Market Watch

Here’s one reason to put your avocado toast and poke bowls on credit — if you can pay them off in full, of course. There’s a revamped Capital One COF, +1.59% card on the market aimed at foodies that will […]

Capital and risk, Operational, Products, Retail banking

Chase Bank chasing mobile market with ATM move

August 3, 2018

Via: Banking Technology

Chase Bank ATMs now allow customers to withdraw cash using their phones’ mobile wallet and NFC capabilities. The bank’s ATM network has around 16,000 terminals throughout the US, but customers can also use ATM vestibules from outside the bank. This […]

Products, Retail banking

Starling flys into banking-as-a-service space

August 3, 2018

Via: Finextra

Starling is moving into the banking-as-a-platform space, enabling third party companies to craft their own financial services offerings using the challenger’s banking license and API infrastructure. Starling says the service bundle will enable retailers, brands and fintechs to develop and […]

Products, Retail banking

Navy Federal Credit Union Mobile Usage on Par with Big Banks

July 26, 2018

Via: Bank Innovation

For smaller FIs where “digital transformation” may still mean establishing a mobile app, some are far ahead of their peers. Bank Innovation previously reported on the mobile app user numbers of the country’s biggest banks, and on average 44% of […]

Products, Retail banking

Why banks must embrace digital core platforms

July 25, 2018

Via: Finextra

Modernising a bank is not easy and most of the difficulties come down to legacy systems. Banks need to adopt new digital core banking platforms, but what’s blocking adoption are the worries that come with transferring data from a legacy […]

Products, Retail banking

OCBC Bank turns tellers into digital ambassadors

July 23, 2018

Via: Banking Technology

The plan is to install ATMs and digital service kiosks at 35 of its branches by 2020. The bank says its redeployed tellers will become branch digital ambassadors and service executives or perform other advisory roles. To make it clear, […]

Business banking, Products, Retail banking

National Bank of Canada invests in local data sharing startup Flinks

July 5, 2018

Via: Finextra

Montreal-based Flinks currently connects just shy of 200 fintechs and banks in Canada, US and Europe to over 250,000,000 financial accounts. The firm counts Transferwise, WealthSimple and ATB Financial among its clients and claims a three percent uptake by Canadian […]