Retail banking news

Retail banking headlines

Mastercard opens door for Strive EU Innovation Fund applications

2 m

American Fintech Council elects Martha O’Malley chair

15 h

Starling Bank launches new brand platform as bank pushes for growth

16 h

Fidesmo integrates to Mastercard’s Token Connect and partners with German neobank VIMpay

17 h

UnionBank adopts Informatica's Master Data Management (MDM) SaaS

17 h

Synchrony to acquire Ally Financial's point-of-sale financing business

20 h

Model Office ships Generative AI compliance chat bot

21 h

Satchel to elevate compliance with Amlyze

23 h

Mashreq sings MoU with Fils for carbon offsetting platform

23 h

Libyan Islamic Bank boosts digital customer experience with Backbase

19 Jan

More /retail announcements »

London-based open banking fintech Ozone API has raised £8.5 million in a Series A funding round led by Gresham House Ventures.

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Hong Kong banks take on SMS scammers

Building the digital banks of the future

SEB to buy stake in Kirva

Financial Cloud Summit 2024: First speakers announced!

Qatar's Karty raises $2m for digital wallet

11:FS hires Jamie Campbell to run new fintech fund and incubator

Crédit Agricole acquires minority stake in Worldline

Perenna to offer green discount for customers who decarbonise their homes

Apple offers to open up NFC payments access to settle EU antitrust probe

Wise accuses high street banks of hidden exchange rate fees

[Upcoming Webinar] Payment Processors: Find the one you really love

[Upcoming Webinar] Payment Processors: Find the one you really love

Retail banking blogs

Banking Strategy, Digital and Transformation

Obtaining, Training and Retaining Data Analysts

Maria Schuld

Maria Schuld - FIS - Milwaukee

Banking Strategy, Digital and Transformation

Panoptic Personalization in Banking

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Raktim Singh - Infosys - Bangalore

Fintech

Navigating the Evolving Fintech Landscape in 2024

Shawn Conahan

Shawn Conahan - Wildfire Systems, Inc. - San Diego, Ca

Biometrics

Biometric in banking

Raktim Singh

Raktim Singh - Infosys - Bangalore

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Latest TV

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Building the digital banks of the future

Carlton Hopper, UK Managing Director of GFT, and Sam Everington, CEO of Engine by Starling, review the impact of new banking platforms and implementation strategies for successful bank modernisation. They discuss GFT and Engine by Starling's collaboration that utilises cloud-native, modular, and API-based technologies to empower clients worldwide to deliver next generation digital banking.

Changing the future of credit with agile engineering

In this episode of Unplugged, Harry Jell, CTO at Yonder, talks with Andrew Smith from RTGS.global, about building a successful credit card company in today’s financial climate. They discuss the seamless use of merchant data for user rewards, the importance of AWS and Kubernetes for scalability, and explore potential avenues to enrich transaction data.

ISO 20022 Mandates: A tipping point in financial transformation

In this Predict 2024 episode, Paul Thomalla, NED, UNIFITS, highlights the need for banks to adopt ISO 20022. Anticipating upcoming regulatory shifts in 2024, we discuss resource constraints, including ISO 20022-related challenges like talent scarcity and explore how banks can proactively use automation to ease the transition and alleviate skills shortage pressures.

Agile digitalisation for future-focused issuers

Jos Veendrick, the Regional Head for Continental Europe at TSYS, a Global Payments company, assesses the challenges issuers face with legacy technology and the growing demand for convenience and personalisation in digital transactions. Our discussion covers cloud-based services and API-centric approaches, addressing industry needs and anticipating future growth in the digital payments landscape.

The long read

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Sehrish Alikhan

Rise of the superapp

Sehrish Alikhan - Reporter, Finextra

Discussion

Apple offers to open up NFC payments access to settle EU antitrust probe

Stephen Wilson

Stephen Wilson

The article states: "Apple would create the necessary APIs to allow equivalent access to the NFC components in the Host Card Emulation mode, a technology issued to securely store payment credentials and complete transactions, without relying on an in-device secure element." I want to query the part about 'not relying on an in-device secure element'. As I understand Host Card Emulation, it does use a secure element, just not the same one as in the EMV smartcard. That is, the protocol will use Apple's iPhone enclave. For a bank and a handset vendor to agree to use an NFC chip set to emulate an EMV card, thebank must satisfy itself that the NFC chips are more or less equivalent to EMV chips as "secure elements". It will bethesame logic when a handset's NFC chip set isused to hold an (emulated) eID, e-passport or mDL. If I am correct, then the article might be misleading for it implies that the Apple NFC offering would foresake a secure element. Steve Wilson, Lockstep Consulting.

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TSB finds over a third of adverts on Facebook Marketplace could be scams

Ketharaman Swaminathan

Ketharaman Swaminathan

If banks are going to be held liable for reimbursement for APP Scam due to proposed Drunk Under Lamp Post regulation, I totally get why they'd want to take preemptive action to nip the problem in the bud. But, even by modern best practice of using sample size of only 2000 to survey populations of 60M or more, TSB's sample size of 100 Facebook Marketplace posts seems very small.

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India partners Google Pay to take UPI global

Ketharaman Swaminathan

Ketharaman Swaminathan

A coupla years ago, there was a lot of Kool Aid that Google was showcasing UPI to Fed for USA's A2A RTP, which was then in planning stage. With Fed going ahead with another product for FedNow, that movie didn't end well. Hope this new Google-UPI movie has a better ending.

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Barclays opens new year with plans for more branch closures

Philippe Guenet

Philippe Guenet

The incumbent banks have been rather resilient to the digital revolution and the challenger banks have been relatively marginal. Why? I believe that Trust is at the center of the choice still, and if you want to host meaningful money like you paycheck, you tend to use a big bank. Part of this Trust came from Banks being in our life for some time and being present in our high-streets contributed to this perception. I am not sure that this is recognised as much as it should. In leaving the high-street, big banks reduce this perception (even if there is a fair amount of inertia to this erosion), and they start competing on equal terms with challengers. And well, I am a Barclays customer and I have not seen any noticeable improvements to their App in many years. And this is still considerably behind Monzo and others. I am now starting to consider shifting my main & business to a challenger instead. And the other major strength in banking is the balance sheet. This is what allows you to provide services (particularly lending). Once the deposit start shifting, it is when it is going to start to hurt those big banks. Especially as they don't have the agility to react.

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Featured

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Davos 2024: AI most relevant for fintech development until 2029

Sainsbury's to wind down core banking business

Latin American payments startup Pomelo raises $40m

Barclays opens new year with plans for more branch closures

The long read

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Theo Michalopoulos

How leading finance and insurance firms are already capitalising on AI

Theo Michalopoulos

Elsewhere...

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Kirsty Rutter

Will 2024 be a progressive year for fintech investment?

Kirsty Rutter - Fintech Investment Director, Lloyds Banking Group