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News and resources on retail banking, consumer finance and reinventing customer experience in finance.

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Insurance startup YuLife raises $120m

Insurance startup YuLife raises $120m

UK tech-driven insurance outfit YuLife is set for global expansion after raising $120 million in a Series C funding round led by Dai-ichi Life Insurance Company.

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India offers UPI to the world

India offers UPI to the world

Money 20/20: What challenger banks can learn from their predecessors

Money 20/20: What challenger banks can learn from their predecessors

Bolt settles suit with customer Authentic Brands Group

Bolt settles suit with customer Authentic Brands Group

Plum joins forces with Railsr to launch debit card

Plum joins forces with Railsr to launch debit card

Survey finds UK shoppers are frustrated with SCA

Survey finds UK shoppers are frustrated with SCA

EToro's Spac deal falls through

EToro's Spac deal falls through

Oz BNPL firm Openpay quits US

Oz BNPL firm Openpay quits US

Ant Group open sources privacy software

Ant Group open sources privacy software

Revolut crosses the divide to in-person payments

Revolut crosses the divide to in-person payments

Tide launches pre-paid cards for Indian SMEs

Tide launches pre-paid cards for Indian SMEs

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[On-Demand Webinar] Re-bundling Financial Services in the Collaborative Ecosystem[On-Demand Webinar] Re-bundling Financial Services in the Collaborative Ecosystem
Retail banking blogs
Financial Transformation  

With the emergence of dynamic and on-demand reporting, are the standard Finance reports dead?

Nick Shah

Nick Shah - Aptitude Software - London

Banking Strategy, Digital and Transformation  

How To Reduce Abandonment Rates For Fintech Apps

Dmitry Dolgorukov

Dmitry Dolgorukov - GiniMachine - Vilnius, Lithuania

Banking Strategy, Digital and Transformation  

Video Teller Solutions Drive Branch Expansion, Service and Efficiency

Maria Schuld

Maria Schuld - FIS - Milwaukee

Fintech  

The Impact of Fintech Revolution on Banking

Yulia Gavrilova

Yulia Gavrilova - Serokell - Tallin

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Latest TV
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Money 20/20: What challenger banks can learn from their predecessors

Money 20/20: What challenger banks can learn from their predecessors

Andy Ellis, CEO of Mettle & Head of Digital Assets at Natwest, speaks at Money 20/20 about the lessons challenger banks can learn from their predecessors, what new challenges challenger banks face today and the type of opportunities for collaboration that present themselves in the future.
Money 20/20: Building scale-ups successfully with ING

Money 20/20: Building scale-ups successfully with ING

FinextraTV catches up with Olivier Guillaumond, Global Head of Innovation Labs & Fintechs at Money 20/20 to discuss how collaboration between banks and fintech has evolved to benefit the customer, the challenges of building scale-ups, how these challenges can be met, and the difference between the ING Labs.
Money 20/20: Railsr on why "old finance is dead"

Money 20/20: Railsr on why "old finance is dead"

Nigel Verdon, CEO of Railsr speaks at Money 20/20 about the reasons for dropping the word 'bank' from their company name, the future of Embedded Rewards, also known as Rewards-as-a-Service, and where we can expect the biggest waves of disruption to come from in 2023.
EBAday 2022: Realising banks full potential in the cloud

EBAday 2022: Realising banks full potential in the cloud

Satu Kiiski, Global Director - Banking - CGI, speaks at EBAday 2022 about the typical challenges banks face using cloud today, the best method to overcome the challenges, and how banks should go about realising their the full potential of cloud.
The long read
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Francisco Jaramillo

Banking as a Service (BaaS), a Spanish success story

Francisco Jaramillo - Managing Director - Spain, Solarisbank
Discussion
Tide launches pre-paid cards for Indian SMEs
Dina Bharkhda

Dina Bharkhda

  This is fantastic news!! way to go.  

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Crypto lender Vauld suspends withdrawals
Ketharaman Swaminathan

Ketharaman Swaminathan

  We've seen the banking regulator stopping withdrawals from banks on the verge of failing. Crypto lenders and exchanges do it on their own.  Whatever does "run on a bank" even mean?

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Klarna exec blasts 'mind-boggling' Barclays BNPL research
A Finextra Member

A Finextra member

  Then they will be well placed to weather the storm....  We can follow the stock price in successive funding rounds.... some more on the fundamentals:  1. Klarna’s total operating expenses climbed 70% last year to 15.7 billion Swedish krona ($1.6 billion), but total operating income rose only 38% in 2021 to 13.8 billion krona ($1.4 billion). 2. Still, Klarna said its operating losses for the 2021 calendar year widened to 6.58 billion krona, or $688.85 million, from 1.63 billion krona in 2020, Reuters reported.  3. According to data from the New York market research firm Yipitdata, Affirm dominates the U.S. market with a 40% market share, based on payments volume, followed by Klarna with 19.6%, Afterpay with 16.4%, PayPal’s Pay in 4 offering with 11% and Zip with 4.2%. The universe of rivals is rounded out by smaller players that have been acquired or will be soon, including Sezzle, which was swallowed this year by Zip. 4.As growth slows, it will become harder for BNPL providers to make money, partly because it will become more difficult to satisfy the demands of customers looking for the best deal. That in turn will make it tougher to meet the expectations of investors looking for a return on their investments. None of those efforts will be easy or cheap.

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Klarna exec blasts 'mind-boggling' Barclays BNPL research
Ketharaman Swaminathan

Ketharaman Swaminathan

  No, no, the higher valuation was because of Klarna's sound business model and solid performance aka intrinsics whereas the lower valuation is because of worsening macroeconomic conditions aka extrinsics.

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Featured
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Worldline completes deal for 80% stake in Eurobank Merchant Acquiring

Worldline completes deal for 80% stake in Eurobank Merchant Acquiring

Klarna valuation to drop from $46bn to $6.5bn in new funding round - WSJ

Klarna valuation to drop from $46bn to $6.5bn in new funding round - WSJ

Federal Reserve delays ISO 20022 cutover by two years

Federal Reserve delays ISO 20022 cutover by two years

Loss-making neobanks look on with envy as incumbents splurge cash in digital arms race

Loss-making neobanks look on with envy as incumbents splurge cash in digital arms race

The long read
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Rishikesh Deole

The Circle of Experience: Leveraging Ecosystem(s) to Do Good and Do Well

Rishikesh Deole - Head of Digital, BFSI Europe - TCS
Elsewhere...

  1. CNBC

    Buy now, pay later refunds can be tricky: ‘The process isn’t quite down to a science,’ says chief credit analyst

  2. Daily Mail

    Banks are furious over new ATM trend young Aussies are using to make 'thousands' of dollars with little effort and zero risk : 'We are the new-age treasure hunters'

  3. NL Times

    Amsterdam to launch its own digital currency to promote local economy

  4. The Guardian

    The Covid loans, the billionaire … and Starling, the very fast-growing bank

  5. ianVisits

    TfL delays contactless payments upgrade due to Ukraine war

The long read
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Finextra Research

IFGS 2022: Starling Bank's Anne Boden on profitability and VC capital

Finextra Research