During the second quarter, Capital One continued to plan for its acquisition of Discover Financial Services as it awaits approval from the Federal Reserve.   “Our applications for regulatory approval are in process and we’re fully mobilized to plan and deliver a successful integration,” Capital One Chief Executive Richard Fairbank said during the bank’s July…

Deutsche Bank and Santander Bank are deploying tech to simplify operations and cut costs, according to their earnings reports.  Santander reported today that it saved 77 million euros ($83.6 million) in the second quarter through its global operations by deploying technology, and has saved $341 million since 2022, according to its earnings report. “Our proprietary…

I blogged the other day A new British Government: what does it mean for fintech? and asked the question of how the new Labour government could maintain the UK’s leadership in this space. Today, I’m asking the other question about our special relationship with America, and what a new American Government would mean for fintech. The……

Things we’re reading today include … The Synapse collapse is yet another warning about unregulated fintech (thehill.com) Revolut secures UK banking licence after 3-year battle Coinbase UK fined $4.5 million for ‘high-risk’ customer onboarding (cointelegraph.com) Taylor Leads The Swifties Into A New Wealth Management Era (linkedin.com) Is this the end of coins? Treasury orders NO……

BNP Paribas is investing in AI, cloud infrastructure and cyber security as part of its modernization efforts.  “The second quarter marked the continuation of our ambitious but disciplined development within AI,” Chief Financial Officer Lars Machenil said during the bank’s earnings call on July 24. “We included automation, robotization, digitalization” as part of the bank’s…

Revolut Ltd. said it received a British banking license from regulators, a move that allows the fintech firm to better challenge traditional banking giants such as Barclays Plc and HSBC Holdings Plc. The Prudential Regulation Authority authorized the permit, though it comes with some restrictions, a common step for many new banks in the UK, according to…

Lloyds Bank is looking to modernize its platform through AI and beefing up its tech team.  “By digitizing end to end and modernizing our technology estate, we’re increasing efficiency benefits as we scale,” Chief Executive Charlie Nunn said during the bank’s second-quarter earnings call today. The bank has digitized nearly 45% of its customer journeys…

I blogged the other day A new British Government: what does it mean for fintech? and asked the question of how the new Labour government could maintain the UK’s leadership in this space. Today, I’m asking the other question about our special relationship with America, and what a new American Government would mean for fintech. The……

I blogged the other day A new British Government: what does it mean for fintech? and asked the question of how the new Labour government could maintain the UK’s leadership in this space. Today, I’m asking the other question about our special relationship with America, and what a new American Government would mean for fintech. The……

I blogged the other day A new British Government: what does it mean for fintech? and asked the question of how the new Labour government could maintain the UK’s leadership in this space. Today, I’m asking the other question about our special relationship with America, and what a new American Government would mean for fintech. The……