Latest Retail banking News: Finextra Research

India to add AI-powered conversational payments to UPI

The Reserve Bank of India has set out plans for a host of new fintech developments, including AI-powered "conversational" payments on the country's UPI system and a public digital platform for the provision of frictionless credit.

11 August 2023

/retail

ANZ to implement mule account detection tech

ANZ is investing in a new security capability designed to detect mule accounts being used to receive funds from scam victims and other criminal activities.

11 August 2023

/retail

Bank of England recruits academics to advise on digital pound design

The Bank of England is on a recruitment drive for UK researchers and academics to join a newly-created CBDC Academic Advisory Group (AAG).

10 August 2023

/retail

Nutmeg chief quits Chase UK

Nutmeg chief executive (CEO) Sanjiv Somani has quit his role at the JP Morgan Chase-owned digital wealth manager.

10 August 2023

/retail

Barclays says tech companies should be liable for scams on their platforms

Barclays is calling on tech companies to reimburse scam victims as part of four major recommendations to tackle the nation’s fraud epidemic.

10 August 2023

/retail

Bangladesh Bank selects Fime for launch of domestic card scheme

Fime has won a six-year contract with the central bank of Bangladesh to help launch the nation's domestic card scheme.

10 August 2023

/retail

Russia begins digital ruble pilot

The Bank of Russia has enlisted 13 banks for pilot testing of a digital ruble involving real-world transactions.

10 August 2023

/retail

SphereX raises $8.2m for smart contract security tech

Founded by the former CISO of Bank Leumi, Israeli web3 security company SphereX has raised $8.2 million in seed funding for its technology designed to prevent crypto hacks.

10 August 2023

/retail

Microsoft and Aptos Labs partner to combine blockchain and AI for banks

Microsoft has teamed up with Aptos Labs on an effort to combine the power of AI and the blockchain to drive web3 into the mainstream.

09 August 2023

/retail

UK Government to explore the use of open banking payments

The UK Government is to explore the use of open banking driven digital payments for public services.

09 August 2023

/retail

Fed extends remit to cover 'novel' technology-driven risks

The US Federal Reserve is setting up a new supervisory unit to cover 'complex' technology partnerships between banks and non-banks, crypto activities, and the implementation of blockchain technologies.

09 August 2023

/retail

RegTech Kore raises £2.4 million

Kore, the RegTech Software-as-a-Service platform that enables large financial institutions to fast track regulatory compliance has raised just under £2.4 million from angel network Wealth Club under the Enterprise Investment Scheme (EIS) in a heavily oversubscribed round.

09 August 2023

Latest news