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1287 Results from /retail, 2018

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Frankfurt claims $800bn in assets will move from London after Brexit

Between €750-800bn in assets will move from London to Frankfurt as a result of a Brexit-led exodus of banks from the UK.

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BBVA appoints new CEO

Spanish bank BBVA is promoting its US operations head to the chief executive role as part of a management reshuffle designed to further its digital ambitions.

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Revolut approved for Japan and Singapore push

Financial regulators in Japan and Singapore have given a green light to UK-based fintech Revolut and its bid to expand in Asia Pacific

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Santander's Openbank migrates to AWS

Banco Santander's digital-only subsidiary Openbank has moved to the cloud, going all-in on Amazon Web Services.

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Sberbank acquires Russian outsourcing firm Intercomp

Sberbank has completed a deal to acquire Intercomp, Russia’s leading business process outsourcing (BPO) company.

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CMA finds Experian/ClearScore merger could hamper competition

The UK's anti-trust watchdog has provisionally found that Experian's takeover of ClearScore is likely to weaken competition in the credit reporting sector and have a negative effect on the services offered to customers.

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Teenager crowned Barclays 'cryptofactor' champion

A 19-year-old cybersecurity protégée from York has been crowned the 'Cryptofactor' champion, beating out competition from fellow budding codebreakers to win a Barclays-hosted competition.

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Bankgirot signs seven-year outsourcing deal with Evry

Swedish payment processor Bankgirot has outsourced its IT operations to Nordic software house Evry in a seven-year deal valued at SEK700 million.

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Encourage autonomy and innovation will flourish- NextGen Nordics 2018

Self-awareness and faith in the workforce will enable organisational cultural change as the bedrock of digital transformation, delegates at Finextra's annual Nordics conference heard.

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Japan's Line to create smartphone bank with Mizuho

Japanese chat app operator Line is forming a joint venture with Mizuho to launch a new smartphone-based bank.

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Atom Bank signs up with Thought Machine

Digital-only Atom Bank is to entrust its next generation of personal and business banking products to core banking startup Thought Machine

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UK bank IT failures have more than doubled in the past year

Technology outages at UK financial services firms have more than doubled over the past year, according to data compiled by the Financial Conduct Authority.