Traditional providers are unable to generate substantial revenue from alternative revenue models, mainly because successful models require the adoption of new platforms, the successful leveraging of APIs, and the use…
Bank of America has announced that a record 227 patents have been approved by the…
Founded in 1930, employee-owned supermarket Hy-Vee has officially started to offer financial services to its shoppers, including standard banking services…
NatWest Bank has launched a new student proposition aiming to acquire full-time students as customers. Based on data from GlobalData's…
In the last month, two UK supermarkets have launched reward schemes: Tesco Bank’s "Clubcard Pay" and M&S Bank’s "Club Rewards."…
The growing preference for banking services from alternative providers (such as big tech, digital banks, fintechs and digital wallet providers)…
While the current market is dominated by large incumbent players, new attitudes to regulation for smaller banks are likely to create more significant opportunity in the market for new and…
Following HSBC’s announcement in late February that it intends to wind up its retail banking operations in the US and France, Citibank has come out with a similar strategy in…
Banks that consider buying out Citibank in any of the 13 markets Citi is leaving should look to take on what Citi did best: affluent clients and high users of consumer credit. Over the course of the…
Retail banks face growing challenges during the pandemic as online banking has become the only way to operate. The past 12 months have been challenging for the banking sector, as…
As digital wallets, buy now, pay later (BNPL) providers, and challenger banks wise up to the value of customer transaction data, banks charging fees purely for payments processing are unlikely…
© Copyright Verdict Media Limited 2021
