Opportunities abound for smaller banks and neobanks as lenders cut loans and small businesses feel the pinch.
Smaller US banks will need to plump up liquidity cushions and create plans to combat runs on deposits.
It partnered with Goldman Sachs to offer 4.15% APY. With consumers switching accounts faster than ever, Big Tech could be a real threat to the financial sector.
The JROC—responsible for rolling out open banking in the country—released the next phase of its plan as industry leaders warn of the dangers of complacency.
Elon’s X dreams will suffer from Twitter’s trust problem: Piecemeal partnerships, like its latest with eToro, won’t drive the earth-shattering change the social media platform needs.
RBC gets its knuckles rapped by climate activists: Environmental advocates are calling out banks for publicly agreeing that climate change is a critical issue while also continuing to fund $673B for fossil-fuel projects in 2022.
On today's episode, we break down everything there is to know about banking and the Gen Z demographic. In our “Headlines” segment, we discuss the article our analyst Tyler Brown published a few weeks ago about Greenlight, a neobank for kids, teens, and families. In “Story by Numbers,” the conversation revolves around why Gen Z is different from other generations and how banks need to cater to their mobile preferences. And in “For Argument’s Sake,” host Rob Rubin takes the position that in 10 years, there will be fewer than 500 consumer banks. Tune in to the conversation between Rubin and analysts Tyler Brown and Tiffani Montez.
Aftershocks of US banking turmoil continue: Indian IT service providers’ Q1 growth fell short of analysts’ expectations after US banks put their IT spending on hold.
Almost two-thirds of consumers use bank branches for complex queries. Incumbents can capitalize on their physical networks to meet demand.
Crypto and AI-focused CryptoGPT says it’s raised $10M. But its claims highlight the risks of overstating AI’s use.
The CFPB head suggested automatic triggers when banks’ actions become too risky, along with other mitigation tools. Not everyone’s likely to agree.
The bank hired many of SVB’s former tech and healthcare banking specialists. It looks to be positioning itself as the next go-to bank for the space.
The Meta-owned company's determination to overcome regulatory hurdles could signal bigger international ambitions