Activity, News, Retail Banking
November 9, 2023
Via: FinTech FuturesThe programme serves purchasers and owners of General Motors vehicles, enabling them to earn rewards on their spending through the GM credit card. Goldman Sachs beat out a small number of bidders, including Barclays, in October 2020 to purchase the […]
October 19, 2023
Via: FinTech FuturesBased in Greenville, South Carolina, United Community is a regional bank offering both personal and business banking services, including checking and savings accounts and loans, as well as wealth management and investment solutions. It operates primarily in the states of […]
November 2, 2022
Via: FinTech FuturesIn the email sent to all employees, Colleen McCreary, Credit Karma’s chief people officer, says the company continues to face “revenue challenges due to the uncertainty of the macroeconomic environment”. The email says the company has increased its headcount by […]
July 22, 2021
Via: Bank DirectorThe industry’s payments ecosystem is developing rapidly in response to increasing consumer demand for faster, smarter payments. The need for real-time payments was accelerated by the global pandemic — but most banks are moving far too cautiously to respond to […]
April 2, 2021
Via: FinTech FuturesWhilst some big deals announced last year never came to fruition in these early months – including Visa’s $5.3 billion acquisition of Plaid, and crowdfunding platforms Crowdcube and Seedrs – plenty of other deals emerged to take their place. Here’s […]
Capital and Risk, Operational, Regulations
February 17, 2021
Via: FinTech FuturesConservative MP and minister for digital infrastructure, Matt Warman, led the policy paper and calls it “a first stage industry prototype”. He also cites Canada, Australia, Sweden and New Zealand – countries taking similar approaches to digital identity as the […]
February 15, 2021
Via: FinTech FuturesWith TS Anil moving from US to UK CEO last year, a vacancy opened up for a new stateside boss at the UK challenger. Nelson previously served as a top executive for more than four years at Cleveland-based KeyBank. She’s […]
January 7, 2021
Via: FinTech FuturesAccording to Reuters, Trump issued the executive order just 15 days before his successor, Joe Biden, is set to be inaugurated. It bans transactions in the US via major Chinese Big Tech wallet providers including Ant Group and Tencent. President-elect […]
November 23, 2020
Via: FinTech FuturesPlex is a checking and savings account. Google says the banking challenger will have no monthly fees, overdraft charges or minimum balance requirements. Come 2021, the US Big Tech’s 11 bank and credit union partners will offer Plex accounts to […]
September 25, 2020
Via: Banking TechnologyThe fresh capital puts Robinhood’s valuation at $11.7 billion, an increase of $700 million since last month. Commits for the latest $460 million came from existing investors. These include Andreessen Horowitz, Sequoia, Ribbit Capital, 9Yards Capital, and D1 Capital Partners. […]
June 15, 2020
Via: Banking TechnologyThe bank hopes to target 3.4 million clients through the new entity, merging its global wealth management clients across Germany, Europe, the Americas, Asia and the Middle East and Africa, along with private clients and small and medium-sized enterprises (SMEs) […]
June 11, 2020
Via: Banking TechnologyThe easy access savings service closed its competitive 1.05% account to new customers on Wednesday, following a surge in deposits which to £21 billion from 500,000 savers since it launched in 2018. Its 12-month fixed-rate account is still open to […]
December 12, 2019
Via: Banking TechnologyBecause the fees incurred by these elite cards are part of the cost of accepting credit cards, it’s the merchant which has to fork out to cover it rather than the consumer. The reason for the higher fees is down […]
October 9, 2019
Via: Banking TechnologyLast year DNB and Danske Bank became co-owners of the fintech. Now this joint acquisition is seeing Oslo-based DNB seek the “favoured” spot for Norway’s mobile banking app champion. “With access to every bank in Norway, DNB can now digitally […]