FinTech Futures: Top five news stories of the week – 18 October 2024
Our pick of the top fintech news stories this week includes TD Bank, Barclays, Klarna and more.
TD Bank
TD Bank hit with $3bn in fines over AML failures
The $3.09 billion in total fines includes a record $1.8 billion penalty from the US Justice Department.
September 2024: Top five movers and shakers stories of the month
FinTech Futures takes a look back at five of the top movers and shakers stories in September.
TD Bank Group president and CEO Bharat Masrani to retire next year
The group’s current head of Canadian personal banking, Raymond Chun, will succeed Masrani as CEO.
TD Bank inks multi-year strategic partnership with Google Cloud
TD hopes the partnership will help streamline the development and deployment of new products and services.
Former TD Bank exec Michael Rhodes appointed as new CEO and president of Discover Financial Services
Rhodes succeeds former CEO and president Roger Hochschild, who stepped down with immediate effect in August.
Report: The state of UX research in financial services
Learn how to create superior financial experiences that foster innovation and customer loyalty.
Video: TD Bank at FinovateFall 2023 – The evolution of commercial banking
We chat with Chris Giamo of TD Bank about the state of play for commercial banking in North America.
FinovateFall 2023: How can incumbent banks keep up in a rapidly evolving tech landscape?
This year’s FinovateFall conference aims to solve how incumbents can achieve digital acceleration.
TD Bank nixes First Horizon merger citing regulatory approval delays
The merger has been mutually terminated and TD Bank has agreed to fork out $200m in cash to First Horizon.
FinovateFall 2022: The key to successful partnerships in financial services
At this year’s FinovateFall, a group of industry experts tackled the topic of bank-fintech collaboration.
TD Bank and DailyPay team for real-time earned wage access
The partnership will allow the bank’s clients to give their employees access to earned wages before payday.
Canada’s TD Bank snaps up First Horizon for $13.4bn in US expansion push
The combined entity will become a top six US bank, serving 10.7 million customers across 22 states.
Branch closures mount with latest Bank of Ireland and TD Bank cuts
Latest branches following the pandemic-induced shift to digital channels.
TD Bank files lawsuit against Plaid for “duping” its customers
The bank claims Plaid is violating its trademark and tricking customers into handing over data.
TD Bank pays $122m for obscuring overdraft penalties
US bank charged by CFPB for anti-consumer practice.
TD Bank extends 15-year partnership with TSYS
TSYS adds a few years to ongoing payments deal with TD Bank.
TD Bank moves to Microsoft Azure cloud
The bank has also implemented Office 365 for employees.
Amount to power TD Bank’s digital lending platform
The first in a series of collaborative initiatives.
Roostify powers TD Bank’s digital mortgages
Bank is using DecisionBuilder lead tool to let customers find suitable loan products.
Hydrogen and TD Bank in their element for DIY financial planning
Bank’s clients will have new tools to build their own financial plans and portfolios.
BizEquity brings Valuation-as-a-Service to TD Bank
BizEquity just signed its first – really big – bank.
TD launches TD Ready Challenge to open industry to humanitarian initiatives
Canada’s TD bank opens its Ready Challenge to “world-changing” solutions.
TD Bank turns to CGI for wealthtech revamp
Canadian bank to use Wealth360 Portfolio Management platform.
TD Bank in commercial lendtech revamp with nCino
Chalk up another big win for cloud-based lendtech vendor nCino.
TD Bank outage outrages US customers
It wasn’t a good week (or even longer) for US customers.
TD Bank deeper in AI mix with purchase of Layer 6
Ta-da! Making its intentions clear with acquisition of Toronto-based artificial intelligence (AI) company.
Big banks back Canada’s $150m digital ID system
Canada’s big banks have joined the charge for a CA$185 million ($150 million) digital identity supercluster bid that plans to solve the identification challenges of the digital economy. According to IT World Canada, Royal Bank of Canada (RBC), Bank of Montreal, Scotiabank, CIBC, TD Bank and National Bank of Canada – are on board, along […]
Infographic: same-day ACH debits steps for success
Nacha, the backbone for the electronic movement of money and data in the US, has launched the same-day automated clearing house (ACH) debit transactions with its ACH Network.
FinovateSpring 2017: panel discussion (the conference’s first ever!)
FinovateSpring 2017 in San Jose, US, concluded with its first ever panel discussion! “Our panelists will recap the key demos and help put the innovations on display into a broader context,” the conference organisers said.
The changing co-branded credit card landscape
As retailers across the country need to bring innovative customisation and convenience factors to their customers, credit cards are becoming an essential part of delivering value. Co-branded cards continue to play an important role in the retail landscape and can offer a unique point of distinction for retailers in today’s competitive environment.
