A recent research note from Bank Policy Institute shares how big and smaller banks are fairing in the fight for...
Raisin is looking to expand on their deposit marketplace by offering a term deposit product to European SMEs; this will allow SMEs to earn money on their cash instead of dealing with negative interest rates that have been prevalent across Europe; currently Raisin has enlisted Banco BNI Europa from Portugal, Younited Credit from France and Greenhill Bank from Germany in the product. Source.
Branchless banks have started to show their staying power when it comes to deposits in recent quarters even as they...
In episode seven of PitchIt: the fintech startups podcast we talk with MANTL Co-Founder & CEO Nathaniel Harley. Bank technology...
Loan demand has increased in recent quarters and now banks find themselves struggling to gain enough deposits to match the...
Raisin is one of the most successful European fintech platforms having raised more than $200 million in equity capital from...
In just three months the digital bank has brought in £5.4 billion of deposits across 100,000 customers; the savings account...
It seems like every week there is a new entrant into the US deposit taking space. Clearly there is an...
By any measure the Goldman Sachs rollout of their Marcus deposit product in the UK has been a resounding success;...
Customers are becoming more demanding as interest rates climb; the average interest rate paid by the biggest US Banks jumped to 0.40% in the third quarter; sophisticated customers are now reconsidering where they hold their cash accounts; Fifth Third is one bank that is raising rates for these types of customers; wealth management deposits have decreased at Bank of America, JP Morgan and Wells Fargo in the third quarter according to Autonomous Research. Source