As 2022 comes to a close, we reflect on the year’s most popular news articles, videos, and community engagement activities.
Top News Stories of 2022
January
JPMorgan Chase to spend $12bn on tech this year
JPMorgan Chase plans to invest over $12 billion in technology during 2022, leading to an eight percent increase in expenses that may impact the bank’s profitability goals.
February
Klarna losses swell to $748 million
Klarna, a leading BNPL provider, reported significant operating losses of $748 million for 2021, attributed to its expansion into new markets and challenges in underwriting a large influx of new customers.
March
EPI abandons plan for Visa and Mastercard rival as member banks quit
The European Payments Initiative has ceased its efforts to create a competitor to Mastercard and Visa after losing more than half of its member banks.
April
EBAday 2022: Headline speaker line-up revealed
The Euro Banking Association and Finextra have announced an impressive line-up of keynote speakers for EBAday 2022.
May
Chase launches £400 refer-a-friend scheme for UK digital bank
Chase is intensifying its customer acquisition strategy in the UK, offering customers up to £400 for referring friends to its digital bank.
June
Deutsche Bank puts app on staffers’ phones to monitor messages
Deutsche Bank is implementing an app on the phones of certain employees to monitor their calls, texts, and WhatsApp messages, according to reports.
July
Rogers outage shuts down Canadian banks’ ATMs, POS and internet banking
A network failure at Rogers has disrupted services, including ATMs, point-of-sale transactions, and online banking for Canadian banks.
August
Banks to pay $1bn over traders’ use of WhatsApp
Several Wall Street banks are preparing to settle a case with the SEC and CFTC, with potential penalties reaching up to $200 million each related to the use of WhatsApp for trading communications.
September
Revolut breach exposes data of over 50,000 customers
Revolut has experienced a data breach that compromised personal information of approximately 50,000 customers worldwide.
October
Is Goldman Sachs ready to pull the rug on Marcus?
Goldman Sachs seems poised to reconsider its mass-market digital banking plans due to substantial losses at its Marcus division.
November
FIS to cut thousands of jobs
Fintech leader FIS is set to eliminate thousands of positions as new CEO Stephanie Ferris looks to realize significant cost savings.
December
Former PayPal CEO Harris shuts down latest startup weeks after launch
Nirvana Money, a fintech venture established by former PayPal and Intuit CEO Bill Harris, has ceased operations shortly after its debut.
Most Commented Articles
Klarna exec blasts ‘mind-boggling’ Barclays BNPL research
Apple to turn iPhone into a payment terminal
Fintech and Regulatory Unbundling
Banks choosing to build and not buy tech, suggests survey
As card use soars, UK retailers demand urgent intervention on interchange and scheme fees
Top Videos
Banking as a Service is gaining unstoppable momentum
Margaret Franco, CMO of Finastra, and Craig Ramsay, HSBC’s Global Head of Innovation and Partnerships, share insights on BaaS in 2022 and beyond.
Digital assets- Ready for center stage at Sibos
Gilbert Verdian, Founder and CEO of Quant, discusses the future of digital assets and the role of digital money in B2B at Sibos.
PREDICT 2022 with Temenos: Forecast for US banking trends
Jacqueline White from Temenos offers predictions for the US banking sector concerning BaaS and cloud innovations.
Citi’s Future Of Finance Analyst On Money & The Metaverse
Sophia Bantanidis from Citi Global Insights discusses the implications of the Metaverse on finance.
The customer engagement imperative: What banks can learn from the FinTech playbook
Gareth Wilson from Capgemini examines how banks can adapt to the growth of digitalization and shifting customer expectations.