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Barclays is building a retail bank in the U.S.

December 3 · Issue #111 · View online
Tearsheet Weekly Newsletter
Facebook enables banks to reach consumers, but to reach business leaders, banks employ a more targeted approach. BNP Paribas uses LinkedIn to reach business clients through sponsored think pieces, interviews and videos.
Amazon Cash launched in Canada earlier this month, and customers can top up their accounts at post office locations across the country.
Barclaycard in the U.S. is building a retail digital bank and will rebrand itself as Barclays next year.
At an industry conference, Michael Novogratz, CEO of Galaxy Investment Partners, warned of a digital currency bubble reminiscent of the dot-com crash of the 1990s.
Insurers trawl customer Facebook and Instagram profiles to detect fraud. This week, Allstate announced a deal to run claims through a comprehensive social media search to confirm and corroborate claim information.
A deal with Uber shines light on how quickly Barclays – and other banks by extension – can be expected to move on partnerships and new products.
What do banks and retailers really think about mobile payments? Here are some of the top comments we heard at the Tearsheet Mobile Payments Hot Topic last week.
When a recruiter first told Kate Quinn about a job opportunity at U.S. Bank, her response was “I’ve never heard of U.S. Bank,” to which the recruiter responded “That’s exactly why they need you.” Here’s a day in her life as the bank’s head of brand and strategy.
What we're reading
Goldman Sachs faces doubts about loss rates at new online lender
Dueling officials spend chaotic day vying to lead CFPB
Big tech’s next prey: Big Finance
An education startup offers courses to bankers worried about losing their jobs to machines
Alibaba-backed Paytm aims to become world’s largest digital bank
TechCrunch founder raising $100 million XRP fund
Credit Suisse-backed online lender to plan $500 million IPO
China’s online lending army runs into Beijing
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