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

• [New] The imminent closure of Ulster Bank and KBC, along with restructuring within the remaining banks, will impact on future demand for retail banking skills. EURES
• Britain's once-comfortable high street banks are facing dual threats: on the one hand, scrappy upstarts such as Monzo, Revolut and Starling Bank, and on the other, formidable Wall Street rivals sidling into the retail banking sector. The Guardian
• In five major retail banking businesses from 10% to 40% of bank revenues (depending on the business) will be at risk by 2025. LinkedIn Pulse
• The Bank of Canada will oversee open-banking implementation, building on its new supervisory role under the Retail Payment Activities Act, which now governs approximately 1,500 registered payment service providers. Mondaq
• JPMorgan Chase today announced it will offer U.K. consumers a completely new banking choice when it launches a digital retail bank in the coming months. Business Wire
• Hundreds of customers in ASEAN including Standard Chartered Bank, Ikano Retail (IKEA franchise), Maya, and Xendit, are already leveraging the Databricks Data Intelligence Platform on AWS to drive digital transformation, enhance operational efficiencies, and unlock new business opportunities. Databricks
• The Reserve Bank of India has begun testing a prototype wholesale central bank digital currency (CBDC) and will launch a pilot programme for a retail digital rupee with merchants and consumers in select locations within a month. / India NFCW
• 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
• 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
• 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

Last updated: 04 December 2025