Latest Retail banking News: Finextra Research

BaaS startup Connect Money raises $8 million

Egyptian Banking-as-a-Service startup Connect Money has closed an $8 million seed funding round led by Disruptech Ventures and Algebra Ventures.

25 June 2024

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Chift raises seed funding to help SaaS companies build integrations

Chift, a Belgian startup that helps SaaS companies integrate with other financial applications and tools via APIs, has raised €2.3 million in seed funding.

25 June 2024

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MiddleGame Ventures raises new fintech fund

MiddleGame Ventures (MGV), a Luxembourg-based investment firm focused on fintech startups, has raised a new fund targeting early-stage investments in Europe.

25 June 2024

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Fed launches ScamClassifier model

The Federal Reserve has developed a tool, called the ScamClassifier model, to help the payments industry improve scam reporting, detection and mitigation.

25 June 2024

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Klarna sells Checkout business

Klarna is selling its online checkout business to a consortium of investors for around €485 million in order to remove the conflict of interest it created with partners such as Adyen and Stripe.

24 June 2024

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Chase is the first bank in all lower 48 US states, what next?

Andrea Principe, managing director – Northeast division director – consumer banking, Chase, took to the stage at Future Branches in Boston to explore how while the banking industry faces challenges in sustaining core deposits, deepening customer trust, and building relationships, it is important to learn from failures, reengage with customers, and provide exceptional in-person experiences.

24 June 2024

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Samsung Next invests in Curve

The venture arm of electronics giant Samsung has made a strategic investment in all-in-one card app Curve.

24 June 2024

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Trading app gamification can increase risk taking - FCA

Gamification features such as push notifications and prize draws used by trading apps can increase risk taking among users, according to research from the Financial Conduct Authority.

24 June 2024

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Fiserv hires former JPMorgan payments chief Georgakopoulos

Fiserv has appointed former JPMorgan Chase global head of payments Takis Georgakopoulos as a senior advisor, EVP and member of the management committee.

21 June 2024

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EBAday 2025 is coming to Paris!

In the final session of EBAday 2024 in Lisbon, Debi Bell Hoskings moderated a closing panel of speakers Thomas Egner, secretary general of the Euro Banking Association; Wolfgang Ehrmann, chairman of the board at the Euro Banking Association; Sophie Giorgi, head of payment system and infrastructure relationships at Credit Agricole; and Luis Simões, managing director / EVP, banking operations at Novobanco.

21 June 2024