1287 Results from /retail, 2018
/retail
Draper Esprit has led a whopping £56 million Series B investment round in Paris-based cryptocurrency wallet and blockchain security outfit Ledger.
18 January 2018
The UK's Open Banking Implementation Entity has selected Contego to run ID checks and verify the bona fides of users accessing personal account data for third party development work.
UK fintech startup Nuvo has launched an artificial intelligence-powered Facebook chatbot that helps people find the best deals on mortgages.
The former chief executive of FNB Michael Jordaan, and one-time FNB colleague Yatin Narsai are to launch an app-only bank in South Africa in the fourth quarter of 2018.
17 January 2018
Metro Bank, which has been blazing something of a retro trail with an emphasis on branch banking as a means to challenge UK incumbents, is now taking a leaf from the playbooks of app-only banking startups with the launch of an online instant account opening service.
US bank holding company BB&T is to set aside $50 million to invest in and acquire emerging digital technology companies in an effort to raise its competitive profile and drive down costs.
Standard Chartered has created a new business unit, SC Ventures, to invest in promising fintech startups and accelerate innovation initiatives across the group.
Bank of America has filed for or received more blockchain-related patents in the US than any other firm, beating out Mastercard and IBM for the top spot, according to research from law firm EnvisionIP.
Blackhawk Network Holdings, a US fintech outfit specialising in prepaid gift cards, has agreed to be acquired by PE firm Silver Lake and hedge fund P2 Capital Partners in an all-cash deal worth around $3.5 billion.
16 January 2018
Having racked up nearly two million users in Austria and the Czech Republic, Erste Group is rolling out its PSD2-ready digital banking platform, George, in Slovakia.
15 January 2018
The EU's second Payment Services Directive (PSD2) took effect on Saturday 13 January, bringing with it the start of Open Banking, however the prospect of a sudden revolution is likely to be thwarted by unresolved technical and regulatory issues and a lukewarm reception from consumers.
The largest commercial bank in Russia, Alfa Bank, is developing a new digital cash service where all transactions will be transmitted and cleared via the blockchain.
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