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Latest Results from /retail

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Older Americans demonstrate more digital financial literacy than younger peers

Digital financial literacy among Americans increases with age, according to research from Capital One.

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India tests offline and programmable CBDC

India is moving ahead with the next stage of its digital rupee pilot, adding programmability and offline payment capability.

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New York expands Digital Currency Group lawsuit to seek $3bn

New York Attorney General Letitia James has filed an amended lawsuit against crypto firm Gemini and Digital Currency Group, alleging that nearly quarter of a million investors were defrauded out of more than $3 billion, rather than the $1 billion claimed in the initial suit.

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NextGen Nordics 2024: Agenda to cover AI, Buy Now Pay Later, data privacy and Request to Pay

The Nordic region has been at the vanguard of innovation across payments for decades, but is that the case in 2024? NextGen Nordics 2024 - a leading conference led by Finextra Research held in Stockholm on 23 April 2024 - will procure an answer to this question from experts hailing from Denmark, Finland, Iceland, Norway and Sweden.

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Tesco Bank sells credit cards, loans and savings operations to Barclays

The £600 million deal has an "initial" agreement lasting 10 years.

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Natwest becomes first bank accepted into UK Open Banking DPS

NatWest Bank has been confirmed as the first UK Bank to become a supplier on the Crown Commercial Service’s (CCS) new Dynamic Purchasing System (DPS) for Open Banking.

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HSBC partners Google Cloud to back climate tech firms

HSBC has joined forces with Google Cloud to offer venture debt financing options to climate technology companies.

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Santander files complaint over Nationwide branch jibe advert - Sky

Santander has filed a complaint with the Advertising Standards Authority (ASA) over a recent Nationwide Building Society ad satirising bank bosses' attitudes to branch closures, according to Sky News.

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JPMorgan Chase dominates AI research in banking

JPMorgan Chase has consolidated its reputation as an AI research powerhouse, according to new data from benchmarking platform Evident.

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Banks migrate from mainframes to AI-driven cloud tech

Generative AI is decisively facilitating the transition of banking applications to the cloud, according to nearly two thirds of industry players surveyed by NTT Data.

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FSB says FCA's access to cash proposals lack ambition

The Federation of Small Businesses has criticised proposals by the Financial Conduct Authority to broaden access to cash as unambitious.

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MEPs nod through ten second instant transfer rules

The European Parliament has adopted new rules to ensure transferred funds arrive within ten seconds into the bank accounts of retail customers and businesses across the EU.