Raisin, the financial marketplace that connects customers looking to save with the most attractive deposit offers from European banks, has raised $30 million in Series C funding.
HSBC will close another 62 branches this year that will result in 200 jobs being lost, saying the restructure is due to the rise of mobile and internet banking.
UK Banks have partnered to allow customers to perform their day-to-day banking activities at the Post Office's 11,600 branches. It's being described as the biggest expansion in face-to-face banking access in a generation.
It’s no secret that customers increasingly prefer to use mobile banking apps to manage their cash ‘on-the-go’ over online banking.
The increase of ATMs installed away from bank branches is being driven by factors including banks' efforts to be more cost-effective, and the rise of independent ATM deployers, new research from RBR suggests.
Clarity Money, the brainchild of venture capitalist Adam Dell, is a new personal finance app that uses AI and data science to save users money by finding better-priced energy bills, cancelling subscriptions and provide tailored suggestions on things such as credit cards.
The government has confirmed that the £1 coin will be replaced for the first time in 30 years. The new coin is said to be the "most secure" coin due to a number of new features that will make it much more difficult to counterfeit.
Monese, the mobile-only bank aimed at European customers who may struggle to open a bank account in the UK via traditional means, has raised $10m in Series A funding round.
A group of Chinese companies and state-owned businesses are partnering to create a new $1.5 billion fintech fund that will focus on mergers and acquisitions, and nurturing fintech enterprises in China.
Finally this week, we're going to look at the news articles, thought pieces and analysis on the banking sector that most drew our readers' attention. If you missed these gems when they were published, now’s your chance to read them!