Latest Retail banking News: Finextra Research

/retail

Solaris clinches €140 million funding round

German Banking-as-a-Service platform Solaris has secured a €140 million financing round.

03 February 2025

/retail

GoCardless edges toward profitability

After cutting staff in a 2023 restructure, GoCardless moved toward profitability in 2024.

03 February 2025

/retail

UK MPs return to attack on the FCA

Members of Parliament have hit back at the Financial Conduct Authority (FCA) for its seeming failure to adequately address an earlier report that branded the watchdog as 'incompetent at best, dishonest at worst', amid calls far-reaching reforms.

03 February 2025

/retail

People queue up at Barclays ATMs to withdraw 'free' cash

The weekend saw scores of people queuing up at Barclays' ATMs to withdraw 'free cash' after the bank's mobile and online services were hit by a technical breakdown.

03 February 2025

/retail

Marlin makes majority stake investment in Napier AI

Marlin Equity Partners has taken a majority stake in UK financial crime RegTech Napier AI. Terms were not disclosed.

03 February 2025

/retail

Payments Canada makes 'substantial progress' on Real-Time Rail

Payments Canada says it has made “substantial progress” on its Real-Time Rail (RTR) payments system since bringing in new technology partners.

03 February 2025

/retail

Barclays suffers major app outage on pay day

Barclays has been hit by an IT problem that has left some customers unable to access their accounts online or through the app.

31 January 2025

/retail

UK fintech jobs market booms

The UK fintech sector experienced a 44% surge in job vacancies in 2024, driven by venture capital investment and AI, according to a report for recruiter Morgan McKinley.

31 January 2025

/retail

Lloyds appoints head of responsible AI

Llloyds Banking Group has reacted to the growing pressure on banks to build safeguards around their deployment of artifical intelligence tools by appointing Magdalena Lis as head of 'responsible' AI.

31 January 2025

/retail

Kraken launches crypto payments service

Crypto exchange Kraken has launched a payments service that lets users send more than 300 different fiat and digital currencies to friends and family.

31 January 2025

/retail

Starling boss raids former firm Ovo for new COO

Starling Bank chief Raman Bhatia has returned to his former firm Ovo Energy to poach Joe Gordon as chief operating officer.

31 January 2025

/retail

CFPB orders Wise to pay over $2m

Money transfer platform Wise has been hit with a $2.025 million penalty from the Consumer Financial Protection Bureau (CFPB) for misleading customers about fees and charges.

30 January 2025

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