Nationwide again tops for switching gains

[GlobalData Banking & Payments]

Stripe, PayPal and Kotak Mahindra ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­  

Share with friend    View in browser DECODED Banking & Payments February 05, 2026 SPOTLIGHT READ Why banks shouldn’t wait for AI to fix the Gen problem Chris Eley highlights the issues caused by banks’ continued reliance on dated, inflexible legacy systems and why there are unsuitable for a modern, cloud-based banking ecosystem LATEST NEWS IN YOUR INDUSTRY UK current account switching dips by 11.4% in 2025 Despite a strong fourth quarter, UK current account switching dropped by over 136,000 switches or 11.4% y-o-y for calendar year 2025   US Fed delays stress test updates until 2027 The Fed set the final scenarios for its 2026 stress tests, to measure how well large banks cope with an economic downturn.   PayPal reports growth in Q4 profit Total Payment Volume for the quarter reached $475.1bn, representing 9% growth on a reported basis.   Captrust adds $2.4bn in assets with Meritage purchase Meritage serves high-net-worth clients and institutions such as retirement plans, endowments, and foundations.   Edmond de Rothschild names investment advisory head in Dubai Hamza becomes a member of the Exclusive Advisory team and will oversee the division’s activities in the city.   Kotak Mahindra Bank to add 500 engineers amid tech push – report The lender is looking to hire from large technology firms and other banks to build a “technology company with a banking licence.”    PhotonPay taps Stripe to scale online acquiring capabilities PhotonPay will pair its existing services with Stripe’s infrastructure to offer unified payments for merchants and customers across markets. Boost your competitive advantage with top tier sector analysis   Enhance decision-making across your business with access to unparalleled industry data, company comparisons, news, and trends.  Book a demo AI and the future of work: preparing you and your business Join this webinar, where our strategic analysts will explore the major forces reshaping the future of work, from advances in technology to global demographic changes. We provide a clear analysis on which industries and skills will be most impacted, and what challenges and opportunities lie ahead.  Save your space Expand your subscription to other sectors   Subscribe to our other newsletters here. Was this email forwarded to you? Sign up here. Prefer a podcast? Instant Insights ranks in the top 10% of podcasts globally - follow us on Spotify, Apple, YouTube, and Amazon Music.   What keeps your CEO up at night? Generative AI, ESG, and disruptive technologies.  What is thematic intelligence and why do business executives need it?   Predict the future Find business opportunities based on 150 million+ signals showing what your customers and competitors will do in the next 5 years. GlobalData  At GlobalData we have a proven track record in helping thousands of companies, government organizations, and industry professionals benefit from faster, more informed decisions. You can update your communication preferences to make sure you receive the right information for you.  GlobalData, John Carpenter House | Registered in England No. 03925319, John Carpenter Street, London, EC4Y 0AN, United Kingdom   Unsubscribe  |   Manage Preferences London