29 May 2017
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Latest retail banking news

UK facility takeover fraud jumps

UK facility takeover fraud jumps

10 May 2017  |  4229 views  |  0 comments | 5 tweets | 8 linkedin

Facility takeover fraud soared by 45% in the UK last year, as crooks hoovered up the personal data of victims and used it to gain control of bank and other accounts, says not-for-profit data sharing and prevention agency Cifas.

RBS cuts hundreds of UK tech jobs

RBS cuts hundreds of UK tech jobs

10 May 2017  |  4575 views  |  6 comments | 4 tweets | 8 linkedin

The Royal Bank of Scotland is shedding hundreds of UK technology jobs, offshoring much of the work to India.

KPMG acquires fintech matchmaking firm Matchi

KPMG acquires fintech matchmaking firm Matchi

10 May 2017  |  10934 views  |  1 comments | 29 tweets | 24 linkedin

KPMG is looking to cash in on the growing trend for bank/startup collaboration with the acquisition of fintech matchmaking platform Matchi.

N26 moves into savings market with Raisin API

N26 moves into savings market with Raisin API

10 May 2017  |  4934 views  |  0 comments | 8 tweets | 12 linkedin

Mobile-only banking platform N26 has partnered with Raisin to open access to savings accounts from banks across Europe.

Kreditech secures EUR110 million investment from PayU

Kreditech secures EUR110 million investment from PayU

10 May 2017  |  3510 views  |  0 comments | 5 tweets | 3 linkedin

Germany's Kreditech has secured a EUR110 million investment from online payment processor PayU.

BNP Paribas to become startup bank for Parisian version of Silicon Valley

BNP Paribas to become startup bank for Parisian version of Silicon Valley

10 May 2017  |  5534 views  |  0 comments | 14 tweets | 15 linkedin

BNP Paribas is to locate its Plug and Play accelerator at Parisian startup campus Station F as part of a partnership programme that will see the bank become a first port of call to meet the financing needs of emerging technology firms at the site.

Local banks back Ohio fintech accelerator

Local banks back Ohio fintech accelerator

10 May 2017  |  3118 views  |  0 comments | 2 tweets | 3 linkedin

A collection of Ohio financial services firms, including KeyBank and FifthThird, have banded together to back a new fintech accelerator in the state.

Current and Empower join crowded money management app field

Current and Empower join crowded money management app field

09 May 2017  |  4492 views  |  0 comments | 1 tweets | 2 linkedin

The fast-growing personal finance app sector welcomes two new players today - Current, an allowance management service for parents and their kids, and millennial-targeting Empower.

Core banking veterans raise $12m for new cloud-based venture

Core banking veterans raise $12m for new cloud-based venture

09 May 2017  |  3887 views  |  2 comments | 4 tweets | 5 linkedin

Frank and Mike Sanchez, the men behind the Profile core banking platform, have raised $12 million in seed funding for their new cloud-based fintech firm Finxact.

ING digitises current account opening in Germany

ING digitises current account opening in Germany

09 May 2017  |  5870 views  |  0 comments | 16 tweets | 25 linkedin

ING's German arm has completely digitised its current account opening process, enabling would-be customers to ditch paper and signatures in exchange for video-chat authentication.

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