All articles by Douglas Blakey
Douglas Blakey
Monument hits £2bn in customer deposits, attracting £1bn within four months
Monument is the first neo-bank in the UK specifically targeting the mass affluent segment and launched its app and first suite of savings products in early 2022
TD Bank takes an initial provision of $450m in US regulatory hit
TD’s AML programme ‘insufficient to effectively monitor, detect, report, and respond to suspicious activity’
9Spokes introduces multi-bank view to expand financial insights for SMBs
Initiative aims to give SMBs a consolidated view of their financial accounts tapping open banking and open data
Higher price complexity leads consumers to pay more
As part of its anti-junk fee initiative, CFPB publishes research finding higher price complexity leads consumers to pay more
Westpac extends moratorium on regional branch closures until at least 2027
Support for the physical channel includes investing more than A$150m ($97.2m) in the Westpac branch network over the next two years
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3-year-old UK fintech, Abound, becomes profitable and is doubling the size of its team
British credit tech firm, Abound, plans to double its London team from 65 to 130 having reached profitability within 3 years of its launch
Brazilian digital bank C6 records first ever quarterly profit
JPMorgan backed C6 Bank reports first quarter profit of BRL461m ($88.8m) as customer numbers exceed 30 million
Embracing the red tape: How regulation fuels fintech innovation
Scott Dawson tackles the common misconception that regulation stifles innovation in fintech. He stresses the need for streamlined regulations and emphasises the importance of well-designed rules that promote automation and efficiency
15 million Americans have medical bills on credit reports: CFPB
Consumers in the South continue to be most likely to have medical bills on their reports
72% of aspiring Canadian homeowners are waiting for rate cuts before buying: BMO
13% of aspiring homeowners plan on purchasing a home in 2024 while 26% plan on doing so in 2025 or later