Canada's CIBC is cutting ties with Loblaw groceries President's Choice Financial and moving its nearly two million accounts to Simplii Financial, a new direct banking brand for clients who want no-fee daily banking through online, mobile and telephone channels
Barclays Bank is warning customers to expect regular weekend blackouts of online, phone and mobile banking services for the rest of the year as it prepares to separate its wholesale and retail banking business to comply with UK ring-fencing rules.
Urban FT has emerged as a surprise bidder for Digiliti Money, just a day after the beleaguered remote deposit capture company warned that it was contemplating bankruptcy after auditors refused to sign off on its financial accounts for 2016.
UK capital markets technology outfit Options has scored a significant $100 million investment from New York-based private equity house Bregal Sagemount.
San Francisco-based fintech startup Earnest is opening a second location in Utah, adding up to 500 jobs to the community and $5.6 million in capital investment over the next five years.
The shift to digital support tools at Capital One is set to cost the jobs of nearly 400 Chicago call centre staffers.
The Royal Bank of Scotland is planning to cut nearly 900 technology jobs in London by 2020, according to union Unite.
More than 20 banks and tech companies in Bergen have aligned to create a fintech hub to push a global innovation agenda amid growing collaboration between banks and startups in Norway.