Latest Retail banking News: Finextra Research

Indian lending app mPokket to hire 5000 new staff

Indian digital lending app mPokket is to hire 5000 new staff in the coming year, more than tripling its current workforce.

19 September 2024

/retail

FDIC plans to strengthen custodial deposit rules following Synapse collapse

In the wake of the collapse of fintech Synapse, a US regulator has outlined plans to strengthen recordkeeping requirements for bank deposits received from third party companies on behalf of their customers.

18 September 2024

/retail

Despite evidence to the contrary, FCA insists new access to cash rule having 'positive impact'

New rules from the FCA to protect access to cash have come into force and are already having a positive impact in local communities, says the watchdog, adopting a stance which has strained credulity in the wake of Lloyds Bank's latest branch closure programme.

18 September 2024

/retail

Investing in Women Code backs UK female founders

Venture capital fund managers who have signed up to the Investing in Women Code are more likely to invest in female founders, according to a UK government report.

18 September 2024

/retail

JPMorgan in talks to take on Apple's credit card portfolio from Goldman Sachs

JPMorgan Chase is in discussion with Apple about taking over the computer giant's credit card programme from Goldman Sachs.

18 September 2024

/retail

OCBC to invest $500 million in new innovation hub

South East Asia's second-largest bank, OCBC, is to invest $500 million in Punggol Digital District (PDD), with the set-up of a new 430,000 sq ft innovation hub and a multi-million dollar strategic partnership with Singapore Institute of Technology (SIT).

18 September 2024

/retail

Standard Chartered uses 'skills passport' to match employees to projects

Standard Chartered is making the most of its internal talent by using an AI-based marketplace to match employees' skills with project-specific 'gigs'.

18 September 2024

/retail

Metro Bank cuts 300 jobs; inks Infosys deal

UK lender Metro Bank is axing around 300 jobs and calling in Infosys for an IT overhaul as it bids to find £80 million a year in savings.

18 September 2024

/retail

CommBank builds AI Factory with AWS

Commonwealth Bank of Australia has teamed up with Amazon Web Services to launch an inhouse 'AI Factory' with the aim of accelerating the adoption of Generative AI.

18 September 2024

/retail

Former Mastercard exec invests in Argentinian payments startup Pomelo

Former Mastercard Latin America and Caribbean regional head Carlo Enrico has invested in Pomelo, an Argentinian payments infrastructure firm.

17 September 2024

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Ex-minister Williamson and CEO Baber quit troubled fintech Lanistar

Former defence secretary Gavin Williamson has left his role as an advisor to Lanistar, with the controversial fintech also losing CEO Jeremy Baber and facing a winding up petition over unpaid debts.

17 September 2024

/retail

NextGen: AI 2024: Uncovering the opportunities of AI legislation

Join us in London on 26 November 2024 for our inaugural NextGen: AI event and hear from Lord Chris Holmes about the potential of AI and the benefits of legislation.

17 September 2024

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