Ireland’s three retail banks say they will introduce a mobile payment service next year. Zippay, a joint collaboration by AIB, Bank of Ireland and PTSB, is set to debut in early 2026, the Banking and Payments Federation of Ireland (BPFI) announced Monday (Sept. 8). According...
Lead Bank raised $70 million in a Series B funding round that brought its post-money valuation to $1.47 billion. The company is a state-chartered bank, offers a banking-as-a-service (BaaS) platform for FinTechs and digital asset companies, and provides full-service business and personal banking to clients...
Citi Wealth has chosen BlackRock to develop a new portfolio offering for its clients. Citi Portfolio Solutions powered by BlackRock, announced Thursday (Sept. 4), will see BlackRock manage around $80 billion in assets for thousands of Citi Wealth clients whose accounts are currently managed by Citi Investment Management (CIM). “We...
Merrill and Bank of America have introduced a private market program designed for ultra-wealthy customers. The Alts Expanded Access Program, aimed at ultra-high-net-worth (UHNW) clients with a net worth of $50 million or more, is launching this fall, Merrill Wealth Management and Bank of America (BofA) Private Bank said in...
J.P. Morgan is set to bring its digital retail bank Chase to Germany next year. As the Financial Times (FT) reported Thursday (Sept. 4), America’s largest bank plans to launch in Germany in the second quarter of 2026. Chase’s first product in that country will...
Data from the Federal Deposit Insurance Corporation’s (FDIC) latest report on the state of the banking industry is signaling both optimism and caution. While the number of “problem banks” on its watch list has declined for the third straight quarter, the regulator also highlighted rising...
Facing a challenge from Revolut, Societe Generale (SocGen) is reportedly rethinking its strategy for BoursoBank. The French bank is due to hold a board meeting this month to discuss its options for the online lender, Bloomberg News reported Tuesday (Sept. 2), citing sources familiar with...
Payments company Wise is reportedly weighing becoming a full-fledged bank in the United Kingdom. The company has been in touch with experienced financial services executives in the last two months about roles in a future banking business, British newspaper The Times reported Monday (Sept. 1)....
As inflation, interest-rate swings and economic uncertainty converge, banks and credit unions (CUs) have demonstrated notable resilience. They are continuing to innovate digitally, enhance risk controls and evolve service models to meet shifting consumer and business needs. Fall is settling in, financial institutions (FIs) large...