Latest Retail banking News: Finextra Research

Starling profit declines on FCA fine and Covid loan delinquencies

Starling Bank has reported a decline in full-year profits after booking exceptional charges against FCA non-compliance and Covid-era loans.

28 May 2025

/retail

Lloyds appoints head of agentic AI

Lloyds Banking Group is building on its AI strategy with the appointment of Aritra Chakravarty from Jiffy.ai as head of agentic AI.

28 May 2025

/retail

EBAday 2025: Digital euro emerging as a transformative force

At EBAday 2025, two expert panels explored how the digital euro and real-time data can transform finance and beyond — shaping future digital money, guiding PSPs, and helping corporates and SMEs enhance liquidity through automation.

28 May 2025

/retail

Over £1bn stolen by fraudsters in 2024 - UK Finance

Criminals stole £1.17 billion through fraud in the UK last year, with a slight fall in authorised push payment fraud losses offset by a rise in remote purchase fraud.

28 May 2025

/retail

Singapore ponders caning punishment for scammers

Singapore is considering drastic action to tackle its scam epidemic - the introduction of caning for offenders.

28 May 2025

/retail

Storonsky-founded fund QuantumLight raises $250m for AI-guided investments

QuantumLight, a quantitative venture capital firm founded by Revolut's Nik Storonsky has closd on a $250 million fund for backing founders across AI, Web3, Fintech, SaaS and Healthtech.

28 May 2025

/retail

EBAday 2025: Building the banking ecosystems of the future

Wolfgang Ehrmann, chairman of the board, Euro Banking Association (EBA), kicked off EBAday 2025 in the historic Louvre in Paris with a welcome statement. Ehrmann reflected that today marks the 20 year milestone of EBAday as well as the fortieth anniversary of the EBA, and highlighted the event’s growth to over 1,400 experts in Paris today.

27 May 2025

/retail

SEB joins AI factory joint venture

SEB has joined a Swedish consortium building an AI factory with Nvidia.

27 May 2025

/retail

ACI Worldwide rolls out centralised payments hub

ACI Worldwide is bringing together account-to-account (A2A), card payments and AI-driven fraud prevention on a unified cloud-native platform, ACI Connetic.

27 May 2025

/retail

UK fintech hiring surges

UK fintechs are set to increase professional hiring by 32% in 2025 despite challenging economic headwinds, according to Morgan McKinley and Vacancysoft’s latest fintech report.

27 May 2025

/retail

CFPB to ditch open banking rule

The Financial Technology Association (FTA) has hit out at US regulators over plans to rescind open banking rules, calling the move a "handout to Wall Street banks".

26 May 2025

/retail

Banks expect to lose millions in interest due to Sepa Instant

Nearly half of European banks expect to lose millions in interest due to new liquidity demands under the Sepa Instant Payments regulation, but still believe the benefits of the change will outweigh the costs.

26 May 2025

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