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Latest News
Deutsche Bank may slash up to 450 retail banking job in Germany
News

Deutsche Bank may slash up to 450 retail banking job in Germany

German banking major Deutsche Bank is planning to retrench between 400 to 450 employees in first round of branch closures…

26 Feb 2021
TD Bank to shut 82 retail branches in US as customers switch to digital banking

TD Bank to shut 82 retail branches in US as customers switch to digital banking

Toronto-Dominion Bank (TD Bank) is set to shutter 82 retail branches across the US as the Covid-19 pandemic accelerated customer’s migration toward digital and mobile banking platforms. The Canadian banking…

26 Feb 2021
Atom Bank to raise fresh capital ahead of potential IPO next year

Atom Bank to raise fresh capital ahead of potential IPO next year

British app-based Atom Bank has unveiled plans to raise £40m ($56m) from existing shareholders ahead of potential IPO next year. The bid to raise fresh capital comes close on the…

26 Feb 2021
Kalifa Review warns UK set to fall behind in fintech race

Kalifa Review warns UK set to fall behind in fintech race

The long-awaited government-backed review looking into the UK fintech sector has been published, warning that the country is losing its dominance in financial services. Ron Kalifa, former vice chairman of…

26 Feb 2021
NatWest introduces new Open Banking payments service

NatWest introduces new Open Banking payments service

NatWest has launched a new payments service that participating retailers can use without a debit or credit card. The new online payments service, called Payit by NatWest, “results in a…

26 Feb 2021
Travel app Traveloka plans to offer financial services in Thailand, Vietnam

Travel app Traveloka plans to offer financial services in Thailand, Vietnam

Indonesian travel app Traveloka is reportedly looking to roll out financial services in Thailand and Vietnam ahead of its US listing via a blank-cheque company. In an interview to Reuters,…

25 Feb 2021
European banks plan to build local rival to Master and Visa by 2025

European banks plan to build local rival to Master and Visa by 2025

European banks are working on plans to establish a pan-European payment network by 2025 to challenge the dominance of Mastercard and Visa in the eurozone. The European Payments Initiative (EPI),…

25 Feb 2021

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