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Small Business Outlook: Juggling Responsibilities, Rapid Change, and GenAI | Shruti Patel, U.S. Bank
Shruti Patel of U.S. Bank reflects on the challenges small business owners face as generative […]
Monzo reported £130M annual loss and is under investigation by FCA
The UK challenger Monzo bank has recently reported £130M in pre-tax losses up from £114 million in the same period in 2020.
Two European Innovation Leaders Join Forces to Transform the Savings Market
FinTech companies Deposit Solutions and Raisin have announced the completion of their merger. After over […]
TrueLayer Launches PayDirect, an Open Banking-Based Payment Method for Replacing Cards
TrueLayer, the leading technology company building financial infrastructure that’s open to everyone, today announced the […]
Starling Bank’s online banking service is the most secure one
According to security researchers commissioned by "Which?" the Starling Bank’s recently-launched online banking service is the most secure among the UK’s 13 leading banks.
Starling adds Nutmeg to its Marketplace
British challenger Starling Bank welcomed Nutmeg, the UK’s largest digital wealth manager, to its fast-growing Marketplace.
JP Morgan and Lloyds set sights on Starling, Times Reports
Major players like JPMorgan Chase & Co. and Lloyds Banking Group Plc have expressed interest in buying the challenger Starling Bank Ltd., the Times reported.
Santander buys part of Wirecard's assets for about €100 million
Banco Santander has closed an agreement to acquire several specialized technological assets of the bankrupted payment solution provider Wirecard.
Santander doubles funds to $400M with the launch of Mouro Capital
Banco Santander's FinTech venture capital Innoventures fund is moved under a new entity called Mouro Capital.
Starling launches Kite card for kids
British challenger Starling Bank is set to launch the Kite debit card, which is dedicated to being used by children up to the age of 16.
Wirecard says missing €1.9 billion probably does not even exist
Wirecard is a German payments company and its shares have fallen by more than 60% after the firm said its auditors from Ernst & Young had raised questions over cash balances worth €1.9bn last week.
Raisin brings customer services under one roof
One of the stated goals of the Raisin platforms is Europe-wide, cross-border access to financial products. Germany-based Raisin is now making use of the recent acquisition of MHB Bank for bringing customer accounts from 31 countries to its own Raisin bank.
Santander set to hire 3,000 IT professionals for €20bn digital push
Santander bank which has its HQ in Spain, said on Thursday it would hire 3,000 IT professionals worldwide this year to support its digital transformation. This comes when most banks are cutting jobs and costs.
Are central banks going to finally create a digital alternative to cash?
According to a report from research and campaign group Positive Money, central banks should issue a digital version of cash to prevent the ‘privatization’ of money.
JPMorgan Chase closed 1000 branches
JPMorgan Chase closes approximately one-fifth of its bank branches to help to stop the spread of COVID-19.
HSBC's overhaul to be delayed over COVID-19
Financial Times reported on Wednesday, that HSBC Holdings PLC's restructuring could be delayed due to the Covid-19 outbreak.
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