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Latest Results from /retail

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CIBC to hire 200 data and AI specialists

Canadian bank CIBC is set to hire more than 200 data and artificial intelligence roles over the next 12 month

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JP Morgan preps more biometric payment pilots

JP Morgan is teaming up with vendor PopID to trial pay-by-face biometric payments with merchants across the US.

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Varo picks Marqeta as issuer processor

American digital bank Varo has inked a five-year issuer processor deal with Marqeta.

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Two more Wirecard executives implicated in widening financial scandal

German prosecutors have charged a further two Wirecard executives with wrong-doing in the lead up to the collapse of the once hyped fintech company.

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NCR Voyix sells digital banking business for $2.45bn

NCR Voyix has entered an agreement to sell its cloud-based digital banking business for $2.45 billion in cash to Veritas Capital.

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Fintech investment continues slow decline

Total global investment in fintech fell from $62.3 billion across 2,287 deals in H2’23 to $51.9 billion across 2,255 deals in H1’24.

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CommBank halves customer scam losses

Australia's Commonwealth Bank says it has cut customer scam losses in half in FY24 through a combination of new anti-scam technologies, cross-industry collaborations and customer education.

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Bilt rewards on a tear with $150 million fund raise

Neighborhood loyalty platform Bilt Rewards has lifted its valuation to $3.25 billion on the back of a $150 million funding round.

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US online brokerages hit the skids during market rout

US online brokerages suffered downtime as market opened in anticipation of a stock market rout.

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NCA shuts down Scam-as-a-Service platform

The UK's National Crime Agency has shut down a platform used by hundreds of criminals to defraud victims across the world through the use of spoofed phone calls.

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JPMorgan ponders legal action over Zelle probe

JPMorgan Chase is considering taking legal action against the Consumer Financial Protection Bureau (CFPB) over an ongoing probe into the abuse of Zelle payments by scammers.

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Nationwide branches to offer dementia nurse clinics

Nationwide is use its national network of branches to offer specialist dementia clinics to help tackle the country’s leading cause of death.