Latest Retail banking News: Finextra Research

Embedded finance platform Unit makes job cuts

Embedded finance platform Unit has laid off 15% of its workforce, citing "slower than expected" revenue growth.

20 June 2024

EBAday 2024: Collaboration is key to fraud management

In one of the closing sessions of EBAday 2024 in Lisbon, panellists Marc Corbalan, VP of RTP analytics at Visa; Erwin Kulk, head of service development and management at EBA Clearing; Simone Löfgen, global head of payment platforms and managing director at Commerzbank; and Kannan Rasappan, founder and CEO of Banfico, explored innovations in cybersecurity in a panel titled ‘New approaches to fraud management’.

20 June 2024

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NatWest to acquire Sainsbury's Bank

NatWest is to acquire the retail banking assets and liabilities of the banking arm of UK supermarket chain Sainsbury's.

20 June 2024

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Elmore and Green Swan to offer insurance coverage against APP fraud

Elmore Insurance Brokers and RegTech Green Swan Compliance have teamed up on the development of an Authorised Push Payment (APP) Fraud Reimbursement Insurance product for qualifying UK banks, Payment Service Providers, E-Money Institutions, and Authorised Payments Institutions.

20 June 2024

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EBAday 2024: Prioritising innovation in embedded finance

At EBAday 2024 in Lisbon, the second half of day two kicked off with a riveting discussion on open banking and embedded finance.

20 June 2024

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Vipps MobilePay launches P2P payments between Denmark, Norway and Finland

Millions of Vipps and MobilePay users can now send person to person payments between Denmark, Norway and Finland using only a phone number.

20 June 2024

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Danske Bank adds sustainable investment insights to mobile app

Danske Bank has added a new feature to its mobile app that gives customers a clear insight into how many sustainable investments they have in their portfolio.

20 June 2024

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EBAday 2024: Navigating the oxymoron of cross-border real time payments

The second day of EBAday 2024 in Lisbon kicked off with exciting panel sessions discussing real-time payments.

19 June 2024

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Zilch secures £100 million financing deal

With one eye on an IPO in 2025, London-based buy now, pay later firm Zilch has secured £100 million in securitised debt financing arranged by Deutsche Bank (DB).

19 June 2024

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Mexican fintech Clip raises $100m

Mexican payments and commerce firm Clip has raised $100 million in a financing round joined by funds managed by Morgan Stanley Tactical Value and an unnamed fund manager.

19 June 2024

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RBC partners Nova Credit to help immigrants bring their credit history with them

Royal Bank of Canada has enlisted Nova Credit to help migrants leverage their international credit history when they arrive in the country.

19 June 2024

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Wholesale, not retail, CBDCs more likely to be issued in near-term - BIS

There has been a sharp uptick in experiments and pilots with wholesale central bank digital currencies over the last year, according to the Bank for International Settlements.

19 June 2024

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