Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Deutsche Bank to close 188 German branches and cut 3000 staff

Deutsche Bank is shutting 188 of its German branches and cutting around 3000 jobs as it doubles down on its digital overhaul strategy.

23 June 2016

News/Branch banking

TD Bank faces Canadian coin counting machine class action suit

TD Bank is facing a class action lawsuit seeking $25 million on behalf of customers who used its coin counting machines, which were recently retired over concerns that they were short-changing users.

23 June 2016

Company update/Branch banking

PNC branches to offer instant card issuance

Lost your debit card? Leaving on vacation tomorrow? Two-thirds of PNC Bank branches can print new chip cards instantly for new checking accounts or to replace lost, stolen or damaged cards.

21 June 2016

News/Branch banking

As mobile numbers rise, BofA announces more job losses

Bank of America is to slash about 8000 jobs from its consumer banking division and further trim its branch network as the digital revolution in financial services gathers pace.

15 June 2016

Company update/Branch banking

TAS Group sets up branch transformation unit

EasyBranch, a TAS Group venture, was launched today at ATMIA’s European ATMs 2016 conference.

14 June 2016

Company update/Branch banking

CivilisedBank applies for banking license

‘CivilisedBank’, the new UK-wide business and retail bank, today announced that it has submitted to the regulators (the FCA and the PRA) its banking licence application. It expects to receive its banking licence later this year and to launch early in 2017.

07 June 2016

News/Branch banking

Branches set for long life - CBA

Despite the rise of digital channels, 80% of Commonwealth Bank of Australia's high-value customers still use branches, meaning that the firm's expensive bricks-and-mortar operation is set to stay in place for years to come.

02 June 2016

News/Branch banking

HSBC to shutter half of Indian branch network

HSBC is to shutter half of its branches in India as part of an ongoing global initiative to shift more business to digital channels.

20 May 2016

News/Branch banking

TD ditches suspect coin-counting machines

TD Bank is retiring its fleet of more than 1000 Penny Arcade coin-counting machines following reports that they were short-changing customers.

19 May 2016

Company update/Branch banking

AIB to launch pilot in-store bank at SuperValu chain

AIB today announced plans to pilot an in-store banking outlet at SuperValu Lucan, Co. Dublin.

18 May 2016

News/Branch banking

HSBC to cut 850 IT jobs in UK

HSBC is to axe 850 British IT jobs as it embarks on a three-year restructuring plan that will eliminate 8000 positions at the UK arm of the global bank.

16 May 2016

News/Branch banking

British banks accelerate branch closure programme

Britain's major banks closed more than 600 branches across the UK in the last year, according to figures obtained by the BBC.

13 May 2016

News/Branch banking

Royal Bank of Scotland drops the axe on more branches/staff

Royal Bank of Scotland is to axe another 200 jobs from its retail network, in what has been described by union bosses as a "year-long cull of local branches across the country".

12 May 2016

Company update/Branch banking

ANZ opens flagship branch on site of former Sydney HQ

ANZ today returned to the heart of Sydney’s traditional banking district with the opening of its new flagship branch in Martin Place on the site of its former NSW headquarters.

12 May 2016

Company update/Branch banking

Wincor Nixdorf expands cash handling capabilities via Hess alliance

Wincor Nixdorf and HESS Cash Systems, a subsidiary of Gauselmann Group and one of the leading coin process automation vendors, have agreed on a strategic cooperation.

09 May 2016

News/Branch banking

Citi trials in-branch beacon technology

Citi is deploying beacon technology from Gimbal at a number of its Smart Banking branches in Manhattan

09 May 2016

News/Branch banking

BBA launches review into branch closure protocol

With many of its members closing large numbers of branches, trade association the British Banking Association is launching an independent review into the protocol on minimising the impact of closures on customers.

06 May 2016

News/Branch banking

Europeans ready to quit banks over out-of-date technology

As they increasingly bank online and through their mobiles, many Europeans say that they would leave providers that do not offer up-to-date technology, a survey from Fujitsu shows.

04 May 2016

News/Branch banking

RBS says IT issues could make it miss Williams & Glyn branch sale deadline

The Royal Bank of Scotland has warned that it could miss a deadline set by European regulators to spin off its 300-strong Williams & Glyn branch network because of technology issues.

28 April 2016

Company update/Branch banking

NCino adds deposit account opening to cloud platform

NCino has added deposit account opening to its Bank Operating System, taking the company’s cloud platform into the branch as a primary means to facilitate deposit growth.

26 April 2016