Our Scans · (FS.1.01) Retail Banking · Weekly Summary

• [New] Yesterday's eurozone retail sales figures came out weaker than expected, and traders still expect the European Central Bank to pursue a more dovish monetary policy than the Federal Reserve. / USA investing.com
• [New] A Fed-issued retail central bank digital currency could stifle bank lending and grant excessive power to the Federal Reserve, highlighting the significant political headwinds facing any proposal to create a digital dollar. American Banker
• [New] The British Retail Consortium, which represents the major supermarket groups, has said it expects consumer food prices to start coming down over the next few months, while the Bank of England has forecast overall inflation will drop to below 4% by the end of the year. / UK Reuters
• After successfully running a pilot program to test its digital currency at the wholesale level, the Reserve Bank of India has announced it will test the digital rupee in a retail setting. / India SchiffGold
• New capabilities will be acquired from fintech partners by the middle of 2021, 50% of lending decisions in retail banking will be supported by fintech propositions, underscoring the accelerating bank-fintech collaboration. Fintech Singapore
• For a limited period, HDFC Bank consumers, retail and business could get 1000+ online and in-store offers on cards. Campaign Asia
• Washington will launch a central bank digital currency denominated in US dollars, which could be either a wholesale or a retail digital currency issued by the US Federal Reserve. China Briefing News
• The Alkami Platform will enable Liberty Bank to leverage data to enhance personalized communication channels for both their retail and business customers. Fintech Finance
• LH Bank aims to balance its loan portfolio by 2027, with 35% from SME and corporate loans each, and the remaining 30% from retail loans. / Taiwan Bangkok Post
• Financial services stocks were down sharply today amid growing fears of a recession, with retail banking giants Bank of America and Citigroup (C) both down more than 11%. Investopedia
• Chase will offer retail bank accounts through a digital app and plans to build out full consumer banking services over time. / UK Evening Standard
• The acquisition of Tesco Bank is a pivotal development, expected to bolster Barclays' UK retail banking operations by adding over 5 million customers to its portfolio. Wolverhamptondaily
• Through leveraging Open Banking and instant payments, the SPAA scheme will directly support the establishment of a competitive pan-European payment solution, which is a key pillar of the retail payment strategies of both the European Commission and European Central Bank. FinExtra
• The Boston Fed and Massachusetts Institute of Technology are in the mature stages of retail central bank digital currency research, which could close the financial inclusion gap in the US. OMFIF
• The Reserve Bank of India is going to conduct the retail pilot of the digital rupee, having previously tested the wholesale usage of its central bank digital currency (CBDC). / India Charltons Quantum
• Nomagic, which develops intelligent robotics for e-commerce and retail warehouses, will receive an €8 million loan from the European Investment Bank to bolster research and development. European Investment Bank
• Indian central bank, RBI, is reportedly in the final stage of preparing the retail digital rupee pilot rollout, which will be initially tested among 10,000 to 50,000 users of participating banks. CoinTelegraph
• The Reserve Bank of India's Central Bank Digital Currency (CBDC) is an electronic version of cash and will be primarily meant for retail transactions. GkGigs
• Invest Bank will adopt an end-to-end retail and wholesale banking solution on the Temenos Banking Cloud, becoming one of the first in the UAE to adopt a full SaaS model for its digital and core banking platform. Financial IT

Last updated: 16 October 2025