Investing platform Robinhood added more than $3.4 billion through its automated customer account transfer service in the first quarter, up 100% quarter over quarter. The company is seeing high deposit volume “supported by a young customer base gaining share of...
Jack Henry invested in automation technology, grew its client base and explored AI during its fiscal third quarter, which ended March 31. The tech provider is working on a cloud-native online deposit and loan account opening solution, Chief Operating Officer...
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Spanish lender BBVA has drawn a rebuke from the country’s government after launching a hostile bid for domestic rival Banco Sabadell. BBVA...
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Once upon a time, banks were bigger than non-bank financial institutions (NBFIs). Those days are now a dim and distant memory. The...
Online lender Upstart automated 90% of its unsecured loans in the first quarter of 2024 as automation remained at the forefront of efforts to streamline its loan application process. Upstart originated $1.1 billion in personal loans, up 17% year over...
Wealth-tech giant Envestnet is ramping up its investment in data and analytics to increase subscription-based revenue and create new products. The data and analytics business at Envestnet, which generates subscription-based revenues across open banking and alternative data offerings, generated revenue...
Global Payments has received EU regulatory approval and is launching a joint venture with CommerzBank — Commerz Global Pay — this month. CommerzBank, based in Frankfurt, Germany, will use Global Payments’ point-of-sale and digital payment solutions for its commercial clients...
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Austria’s Raiffeisen Bank International said it had decided to “walk away” from a deal involving holdings of sanctions-hit Russian oligarch Oleg Deripaska...
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The chair of Spanish lender BBVA told his counterpart at Banco Sabadell that it had “no room” to improve its €12bn takeover...
Stay informed with free updatesSimply sign up to the Financial & markets regulation myFT Digest -- delivered directly to your inbox.Unfair banking practices, inadequate regulation and barriers to accessing finance for smaller businesses risk blocking growth and innovation in the...
