European Banks Face Fight to Keep 3 in 4 Customers as Expectations Rise in the AI Era
- 8 hours 37 min ago
- Banking
Temenos, a global leader in banking technology, today announced new global research commissioned with Celent, “The Banking Expectation Gap: Global Consumer Edition”. The findings reveal that banks face a fight to keep three in four customers as expectations rise for more personalized, advisory and AI-enabled banking experiences. Despite this, just 4% of global banks state that investment in personalization of the customer experience is their top... more
Overdrafts Emerge as New Frontier for Banking Competition as Two-Thirds of 25-34s Carry Debt
- 8 hours 44 min ago
- Banking
New research from Pay.UK, owner and operator of the Current Account Switch Service (CASS), indicates that debt is becoming an increasingly important factor in banking decisions, as a majority of UK consumers now carry unsecured debt. The survey of 2,000 UK consumers found that over half (51%) of UK adults carry unsecured debt, increasing to almost two-thirds (65%) of those aged 25-34.
Three Quarters of U.S. Banks Confirm Digital Asset Programmes
- 10 hours 22 min ago
- Banking
Uphold, the infrastructure provider for on-chain finance, today releases research which reveals that 75% of American banks have blockchain finance programmes underway: 22% have projects that are live or scaling, while an additional 53% are piloting or assessing specific use cases.
New Monzo Business Money Moves Report Reveals UK SMEs Are Gearing Up for Growth Despite Economic Headwinds
- 1 day 8 hours ago
- Banking
Monzo Business, the digital bank serving over one million business customers, today publishes its first Money Moves Report, taking a pulse check on the SMEs at the heart of the UK economy. Despite rising costs and economic uncertainty, businesses are feeling positive about the year ahead, with more than half (56%) of SMEs confident about their growth prospects over the next year.
Teya Partners with ClearBank to Launch High-Yield Savings Account for Local Businesses
- 1 day 9 hours ago
- Banking
Teya, the financial services provider supporting local businesses across Europe, today launches Savings Pots, a new savings account with interest paid daily built into the Teya Business Account and powered by ClearBank, the enabler of real-time clearing and embedded banking.
Modulr Accelerates US Expansion with Cogent Bank Partnership
- 1 day 11 hours ago
- Banking
Modulr, the payments automation platform built to scale, today announced further expansion in the United States through a strategic partnership with Cogent Bank. The partnership combines Modulr’s payments automation platform with Cogent Bank’s deep experience as a U.S. state-chartered, full-service community bank, giving businesses moving money in the U.S. access to multiple payment rails through a single streamlined platform tailored to their... more
Global Banks Collaborate on Principles for Trusted Agentic Commerce
- 3 days 6 hours ago
- Banking
NatWest Group, ASB Bank, Bank of America, Capital One, Commonwealth Bank of Australia and ING Group have today jointly published a shared set of principles to support the development of trusted agentic commerce, helping establish a framework for a future where AI agents could play a greater role in how people choose and pay for products and services.
Centreville Bank Selects Jack Henry to Support Continued Growth, Modernization and Enhanced Customer Experiences
- 3 days 11 hours ago
- Banking
Jack Henry® announced today that Centreville Bank has selected Jack Henry to support its continued growth with scalable technology, modern capabilities, and a commitment to continuous innovation.
Riverty Officially Opens New Bank in Luxembourg
- 4 days 6 hours ago
- Banking
Riverty has officially opened Riverty Bank S.A. in Luxembourg, marking an important milestone in the fintech company's growth strategy and creating the platform to further expand its payments and consumer finance offering across Europe.
Ascory Bank AG Enters into a Strategic, Long-Term Partnership with Mount Street to Deliver Outsourced Credit Administration and Surveillance
- 4 days 6 hours ago
- Banking
Mount Street has been appointed by Ascory Bank AG to provide outsourced portfolio administration, monitoring and surveillance services across the bank’s portfolio. The scope also includes the design, implementation and maintenance of a bespoke rating framework for its structured finance exposures.
FIS Builds Core Banking Momentum Across New $100 Billion Bank and Five New Charters
- 1 week 4 hours ago
- Banking
FIS®, a global leader in financial technology, today announced continued momentum across its banking franchise as financial institutions navigate three trends that are reshaping the industry: a resurgence in new bank launches, accelerating industry consolidation, and growing demand for progressive modernization.
Westpac Becomes First NZ Bank Accredited to Issue Digital ID Credentials
- 1 week 9 hours ago
- Banking
Westpac NZ’s business customers will soon be able to receive trusted digital credentials and share them with their customers and other third parties, making for easier and more secure banking experiences. Westpac has become the first New Zealand bank accredited to issue digital credentials under the Government’s Digital Identity Services Trust Framework, and these credentials will be held in the Govt.nz app wallet.
Revolut Applies for Swiss Banking Licence and Commits CHF 150 Million Investment
- 1 week 1 day ago
- Banking
Revolut, the global financial leader serving more than 80 million customers worldwide, has officially submitted an application for a Swiss banking licence to FINMA. The licensing procedure is currently pending, and its outcome is open. Revolut has more than 1.3 million customers in Switzerland. These customers are currently served by Revolut Bank UAB, which is licensed in Lithuania and maintains a representative office in Switzerland but does... more
CA Next Bank Becomes First Swiss Bank to Launch Avaloq’s New Mobile Banking App
- 1 week 1 day ago
- Banking
Crédit Agricole next bank (CA next bank) is the first in Switzerland to go live with Avaloq’s new Mobile Banking solution after piloting it for the Swiss market. Delivered in a scalable software-as-a-service (SaaS) model, the app offers a secure and intuitive mobile banking experience for the bank’s clients. It also enables CA next bank to expand digital self-service and roll out future enhancements more quickly as client expectations evolve.
American Express Expands Banking Offerings for Businesses With New High-Yield Savings Account
- 1 week 2 days ago
- Banking
Today American Express announced the launch of the new high-yield American Express® Business Savings account, designed to help businesses earn more on their deposits and manage more of their finances in one place. Later this year, the company will introduce a new way for Graphite™ Business Cash Unlimited Card Members to redeem Reward Dollars for deposits into their American Express® Business Checking accounts, followed by a new payroll solution... more
