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Metro Bank Explores Additional Use for AI-Driven PFM Tool, Insights

Bank Innovation

challenger bank Metro Bank could extend its AI-driven money management tool Insights, designed for its retail side, to its business customers. Formed in partnership with Israeli AI company Personetics, Metro Bank is currently preparing to roll out Insights in beta over the summer.

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Metro Bank Plunges on Misclassified Assets, Capital Concern

Bank Innovation

Metro Bank Plc fell the most since going public after applying an incorrectly low-risk weighting to parts of its loan book, with the British lender’s chief saying he doesn’t know how long the mortgages in question had been wrongly classified. The shares plunged as much as 34 percent Wednesday and the bank’s bonds also fell […].

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Metro Cash And Carry Launches App To Help India Shops Digitize

PYMNTS

The Indian arm of German retailer Metro Cash and Carry has announced the launch of an app for kirana stores, allowing retailers to order stock, keep a check on inventory, and facilitate payments directly from their smartphones. There are plans to launch the app across all of its 27 stores in 17 cities in the near future. “The

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Fintech Unfiltered: N26 Decides Against Banking License for U.S. Launch [PODCAST]

Bank Innovation

Should fintech companies with banking ambition get a license or partner with a bank for one? This is an important distinction for a challenger bank, almost an existential question.

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BankBazaar Moneymood® Report 2022 | An In-depth Look Into Everything Finance

BankBazaar

BankBazaar.com, India’s largest fintech co-brand credit card issuer and online financial product marketplace, launched the fourth edition of BankBazaar Moneymood® 2022. The non-metro average loan ticket size fell sharply to Rs.1.73L Metros, on the other hand, climbed up to an average loan ticket size of Rs.1.91L

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High-Profile — But Secretive — Funding For B2B FinTechs

PYMNTS

While Khanna added that it’s “hard to say” whether venture capital funding is getting easier for startups, there is evidence that FinTech — and, specifically, B2B FinTech — is headed for a solid year. B2B eCommerce. The Asia-Pacific region scored again with Tjaara’s funding worth $1.2 million , announced Thursday (Dec.

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COVID Casts More Doubt On Future Of Bank Branches

PYMNTS

Consumers were already shifting an increasing number of their account management activities to online sites and mobile apps. In the EU banks are increasingly turning to their suburban branch outposts as alternative work spaces for employees who need to be in an office, but who don’t want to travel into major metros to work at HQ.

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