UK-based digital bank Monzo announced it will launch in the US market to take on US banking giants. Success in the UK will help Monzo …
Generation Z is more financially cautious than expected July 15, 2019 GlobalData Financial Services Going mainstream with Gulf fintech
As digital finance moves from incubation to implementation in the Gulf, the race is on to see which market will emerge as the region’s fintech …
Blockchain-based identity verification system marks a major step forward in Canada
Banks in Canada are making a big step towards modernising identity verification by employing a blockchain-based user identification system. This major milestone will give consumers …
Metro Bank share price rollercoaster calmed by successful placement
Metro Bank’s share price is at last settling down after a turbulent four months. Metro Bank has raised £375m ($477m) from shareholders amid high demand. …
What CBA should have added to its new savings tool
Goal setting and motivational features are common in today’s personal finance management offerings, but consumers would budget better and save more if they avoided overspending …
Chinese banks holding high levels of toxic debt, further reform is desperately needed
Bad debt among small Chinese banks has grown quickly; the situation must be corrected soon to avoid further problems. The Chinese National Audit Office has …
Neobanks are a great market entry tool for China
ING and Bank of Beijing are launching a joint venture digital neobank in China. The deal is notable both for being the first commercial bank …
Virtual assistance will make banking more convenient
BNP Paribas’ Genius will give consumers what they want – a virtual assistant that improves user convenience rather than just providing insight into their personal …
Are challenger banks showing growing pains?
March 2019 has been something of a disaster for Revolut, with its CEO forced to defend the company online. Is this the start of more …
Breaking up Deutsche Bank may be the only option
Deutsche Bank is in such bad condition that towards the end of 2018 Charles Dupree, a senior investment banker at the Frankfurt-based company, recommended the …
