Find here all the latest articles, news, and research on Retail Banking and other Retail Banking-related topics:
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Germany-based Airbank has announced a strategic partnership with Klarna Kosma, the BNPL provider’s financial technology platform for banks, fintechs, and innovative retailers to accelerate the growth on the European market.
partnership, Open Banking, API, retail banking, expansion, BNPL, direct carrier billing, SMEs, SME lending
Tom Bentley, Chief Commercial Officer at Vodeno, shares an in-depth analysis of the Open Banking impact on the retail industry, showcasing the importance of embedded finance for brands that strive for success.
Open Banking, embedded finance, retail, retail banking
UK-based digital banking Starling, backed by Goldman Sachs with a GBP 50 million investment, has withdrawn its application to obtain a European banking license from the Irish central bank.
online banking, banking, online bank, banks, retail banking, regulation, banking license, central bank
Australian banking group Westpac has announced it will offer credit card customers travel insurance cover for epidemics and pandemics including COVID-19.
mobile banking, retail banking, credit card, insurance, product launch
LHV Group, has raised EUR 35 million via an oversubscribed rights issue.
fintech, banks, funding, banking license, retail banking
Daali, a UK-based automated cashback platform for in-store card transactions, has partnered Salt Edge, provider of Open Banking solutions.
partnership, Open Banking, online banking, mobile banking, retail banking
Mobile wallet company GCash has partnered the Bank of the Philippine Islands (BPI), to broaden its retail offerings and provide customers with more opportunities to grow their funds.
partnership, investment, retail banking, mobile banking
Klarna, a retail bank, payments, and shopping service, has opened its waitlist for the Klarna Card to US consumers.
Klarna, retail banking, Visa, BNPL, instalment payments
Singapore-based DBS has decided to buy Citi’s consumer-banking business in Taiwan for cash equivalent to the net assets transferred plus a premium of roughly USD 704.2 million, according to Banking Dive.
Citi, acquisition, retail banking
Banking software company Temenos has announced the availability of Infinity Digital for Salesforce to incorporate CRM, assisted channels, and digital channels onto a single platform.
Temenos, product launch, retail banking, digital banking
Bank of America has slashed the amount it charges customers when they spend more than they have in their accounts and plans to eliminate entirely its fees for bounced checks, according to US News.
Bank of America, banks, retail banking
The State Bank of Pakistan (SBP) has unveiled a licencing and regulatory framework for digital banks with an aim to introducing a complete digital bank that will provide all the banking services.
regulation, digital banking, retail banking, data, banking license
ING has announced it will leave the retail banking market in France.
ING, retail banking, banks, online banking
BNP Paribas has agreed to sell its San Francisco-based Bank of the West to Bank of Montreal for USD 16.3 billion, becoming the latest European lender to exit US retail banking.
acquisition, banks, funding, retail banking
New research has shown that mobile banking tops the way most consumers bank today (71%), compared to just 15% in 2014.
research, mobile banking, digital banking, retail banking
UK’s CMA has published an update on Open Banking to set out progress in strengthening corporate governance at OBIE following an independent investigation and CMA’s consideration on the future governance of Open Banking.
Open Banking, regulation, retail banking, banks, fintech
US-based bank JPMorgan Chase Bank has introduced a series of bonus redemption offers for its cardholders, for a limited period.
JP Morgan, credit card, retail banking, product upgrade
Commonwealth Bank of Australia has pleaded guilty to 30 criminal charges for mis-selling consumer credit insurance between 2011 and 2015.
retail banking, fraud management, AML, regulation
JPMorgan Chase has announced it will open its first overseas retail bank, with the launch of a digital-only lender that aims to upend the UK banking market.
JP Morgan, digital banking, lending, retail banking
The Bank of Thailand (BOT) has announced plans following a recent study to begin testing a Retail Central Bank Digital Currency (Retail CBDC) in the second quarter of 2022.
CBDC, retail banking, wholesale banking, central bank