Jane Fraser to become CEO of Citi next year

Jane Fraser to become CEO of Citi next year

Citibank has named Jane Fraser to become CEO of the megabank. She will assume the role once current CEO Mike Corbat retires in February.

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Buoyed by deposit growth, Goldman considers AI assistant for online bank Marcus

Buoyed by deposit growth, Goldman considers AI assistant for online bank Marcus

Goldman Sachs’ digital bank Marcus is on the cusp of rolling out new offerings, including a checking account and possibly an AI assistant, per a report from Business Insider.

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JPMorgan Chase to launch UK digital bank in 2021

JPMorgan Chase to launch UK digital bank in 2021

Sky News reports JPMorgan Chase (JPMC) is launching a new U.K. digital bank early next year in response to new interest in digital services during the pandemic.

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JPMorgan Chase cuts the words ‘master,’ ‘slave,’ and ‘blacklist’ from internal code

JPMorgan Chase cuts the words ‘master,’ ‘slave,’ and ‘blacklist’ from internal code

America’s reckoning on race relations is now impacting bank programming language. JPMorgan Chase is eliminating the terms ‘master,’ ‘slave,’ and ‘blacklist,’ from its technology policies, standards and control procedures, as well its programming code.

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JPMorgan Chase spoke with USPS about banking services at post offices

JPMorgan Chase spoke with USPS about banking services at post offices

Amid recent scrutiny of changes to USPS operations, The Capitol Forum reports JPMorgan Chase (JPMC) spoke with the postal provider about offering banking services at post offices.

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N26 workers organize to address grievances

N26 workers organize to address grievances

Germany-based digital bank N26, which has raised $770M to date and operates in 25 markets globally, is facing staff unrest over working conditions. Employees this week are meeting to elect a board for a body that would represent them in discussions with management.

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Fifth Third Bank Launches Digital Wills

Fifth Third Bank Launches Digital Wills

Fifth Third Bank is partnering with San Diego-based digital estate planning fintech Trust & Will to offer online estate planning services to its customers.

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UK challenger bank Starling reports strong revenue growth during pandemic

UK challenger bank Starling reports strong revenue growth during pandemic

In a business update, U.K.-based digital banking startup Starling reported an annualized revenue run rate increase of more than 370% in wake of the pandemic, to £80M ($104.6M).

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Customers Bancorp sells BankMobile to Megalith Financial Acquisition

Customers Bancorp sells BankMobile to Megalith Financial Acquisition

Customers Bancorp has agreed to sell subsidiary platform BankMobile to Megalith Financial Acquisition. The company would then merge with Megalith, change its name to BM Technologies, and go public.

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Mixed fortunes for challenger banks

Mixed fortunes for challenger banks

The past week has been a mixed bag for challenger banks globally. U.S.-based Varo earned a national bank charter, clearing three years of regulatory hurdles and hefty investments; Australia’s DayTek Capital was granted a banking license, joining the likes of Xinja, Judo Bank and Volt; and U.K.-based Monzo posted $149M (£113.8M) loss for the year.

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Radius Bank Strengthens In-House PFM

Radius Bank Strengthens In-House PFM

Radius Bank, a digital bank with $1.4B in assets, is incorporating goals-based saving into its app. Radius, which has partnered with many fintechs, is in the process of joining LendingClub upon the close of a $185M acquisition of the bank.

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FIS launches subscription-based model for community banks and credit unions

FIS launches subscription-based model for community banks and credit unions

Banking core technology provider FIS this week unveiled a flat-fee, month-to-month subscription model for community banks and credit unions called ClearEdge.

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