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…
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…
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…
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…
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…
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,…
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),…