‘Developers are the new bankers’: Wells Fargo analysts predict wave of job cuts
The era of bankers dominating banking is over as software developers rise -- and a record wave of job cuts...
Banking
BNPL supplements credit card debt instead of replacing it, TransUnion study finds
Consumers seeking buy now pay later (BNPL) credit also actively utilize credit card debt instead of replacing one with the...
Funding Wrap: E-commerce, BNPL firms make gains
Buy now pay later (BNPL) technology is continuing to catch investors' eyes, but e-commerce was also in the spotlight as...
Bank of America partners with Indian school for new innovation center
As the pace of automation innovations accelerates, Charlotte, N.C.-based Bank of America is partnering with the Indian Institute of Management...
Varo Bank raises $510M in funding
Varo Bank, the first fintech to secure a national bank charter, today announced a $510 million oversubscribed funding round, a...
Deutsche Bank’s ESG probe triggers review at asset managers
European asset managers are reviewing their ESG labeling and marketing claims following news of probes into the investing arm of...
ESG: It’s not easy being green
Maybe it’s the pandemic, or millennials’ superego manifesting upon the collective consciousness. Maybe it’s the zeitgeist. Whatever the reason, environmental,...
Technology spend plays role in RBC, BMO and Scotiabank Q3 expense rise
Three of Canada's “Big Five” banks cited increased technology spend while providing insights into how they are each utilizing technology...
Citizens Bank launches new algorithm-driven corporate green program
Citizens Bank is piloting a new corporate investment program that allows clients to invest in environmentally responsible companies, relying in...
Robinhood technology and development costs surge 248% YOY
Trading app Robinhood’s technology and development spend is up 248% year over year to $156 million or 28% of total...
