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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 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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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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Challenges for the neo-challengers: Four hurdles to overcome

Accenture

In my frequent conversations with clients across the UK and Irish banking industry, one of today’s hottest topics is the rise of the challenger banks such as CYBG, Metro and AIB UK, and particularly the neo-challenger banks providing digital-only services, like Monzo, Atom and Starling. Why the intense interest in the neo-challengers?

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Top UK Lenders Launch SMB Branch Joint Venture

PYMNTS

Alternative lenders position themselves as faster, technologically-savvy options for small to medium-size businesses (SMBs) that seek capital, while many of the FinServ providers in the running for RBS funds operate as digital-first companies ready to meet small firms’ need for automation, online platforms and cutting-edge banking services.

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Consumer Lending: Should Banks Do It?

Jeff For Banks

And there are FinTechs, loan brokers, insurance companies, and investment funds chipping away at them. Which we already do via buying mortgage back securities and using loan brokers in metro areas. Looking at our peer group numbers, the consumer loan costs a little above $1,100 per year in operating expense to originate and maintain.

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Fast & Furious: Keeping up with changes in the Payments industry

Insights on Business

The disruption has been introduced by fast-moving fintechs such as PayPal, Apple Pay and Venmo, among many others. Better yet for these companies, they are unburdened by assets such as brick and mortar retail branches, allowing them to operate on very thin margins. Opportunity. Some geographies have outpaced the U.S.