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

• [New] 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
• [New] 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
• With Deutsche Bank and other major financial institutions entering the crypto space, Germany's future policies will directly impact institutional adoption and retail investment in digital assets. TalkMarkets
• Cryptocurrencies and Central Bank Digital Currencies (CBDCs) will become mainstream components of the retail banking ecosystem by 2025. FinExtra
• The Reserve Bank of Australia has commenced its Review into Retail Payments Regulation, which will examine the costs merchants face when accepting card payments and the framework for surcharging. Global Regulation Tomorrow
• Capitec performed similar disruptive feats in the banking sector and is now South Africa's largest retail bank by customer numbers, also having surpassed the magical 20 million customer mark. TechCentral
• The first set of NAB business customers are expected to go live with A2A payments in the first half of 2024 and represent a range of industries spanning e-commerce, retail and non-bank lenders. FinExtra
• The biggest cuts will come from the investment bank and UK retail bank, with Barclays planning to strip out £700m from each division by 2026. The Guardian
• The DZ Bank ranked third among Germany's largest banking firms, has revealed that it will go into cryptocurrency trades with retail customers. The Crypto Times
• A key unknown is whether the U.S. Federal Reserve or Bank of Japan will launch retail CBDCs. Reuters
• With banks enabling the interoperability of Unified Payments Interface's (UPI) Quick Response code with their central bank digital currency (CBDC) or eRs application, users of retail digital rupee will be able to make transactions by scanning any UPI QR at a merchant outlet. The Indian Express

Last updated: 11 September 2025