Regulatory changes halt Ant Group’s IPO, leave state-backed banks rejoicing
Initially anticipated to take place approximately two years ago, Ant Group’s initial public offering (IPO) has suffered another setback as…
HSBC’s TransferWise alternative shows how to fend off challenger threat
Banks have woken up to the reality that customers are slipping away thanks to services such as currency exchange, wealth, and budgeting tools, with the only remedy now to compete…
11 Nov 2020
Profession-based selective lending by Swansea Building Society will ease mortgage repayments for key workers
The Swansea Building Society has launched a Medical Professional Mortgage (MedPro). The new offering may be supportive to some but will be considered as unfair, preferential treatment by others, as…
20 Oct 2020
Digital bank Step uses celebrities and cash prizes to lure ‘pre-banked teens’
The official US launch of Step was announced earlier this month following a pre-launch in January that saw interest in the platform amass a 500,000-user waitlist. Most recently, Step, which…
08 Oct 2020
CaixaBank and Bankia merger to create goliath bank in Spain
Earlier this month, CaixaBank and Bankia confirmed talks of a potential merger, a deal that could have significant implications for the banking sector in Spain and could trigger a new…
30 Sep 2020
T-Mobile ends banking venture in Poland after failing to resonate with customers
T-Mobile Poland and Alior Bank have announced the conclusion of their five-year joint venture that began in December 2013. Customers of T-Mobile Banking Services in Poland will have their accounts automatically transferred to…
28 Sep 2020
NAB’s 0%-interest credit card shows how banks can fight back against BNPL
By offering a long-term, flexible, but also low-cost way for consumers to draw on credit, incumbent banks can compete effectively with the likes of Klarna and Afterpay, while also benefiting…
15 Sep 2020