Mass layoffs at the Wall Street bank and a forecasted 46% drop in profits are symptomatic of the broader banking industry slowdown.
CEO Ann Boden credited the neobank’s mortgage business and SME banking success for turning Starling into a “leading player” in the banking market.
Sixteen proposed or completed acquisitions of banks by CUs tied the 2019 record. This year could be just as busy.
Describing themselves as financially “burnt out,” most are leaning on digital banking tools to make adjustments.
The expected record-high rates will raise demand for budgeting tools, rewards focused on everyday spending, and BNPL.
Farmers in rural areas and emerging countries are often financially underserved. That’s where fintechs can make their next move.
Although pandemic assistance seems to have been beneficial, some minority groups still struggled.
Adoption is accelerating amid the cost-of-living crisis. But it’s more likely that BaaS will become just an additional revenue stream for traditional banks.
On this first episode of the year, we explore the key banking and payment trends of 2023. We discuss trends and predictions, crunch important numbers you need to know, and have a conversation about how the different players in banking will capitalize, adapt, or get left behind. Join the conversation with host Rob Rubin, our principal analyst Tiffani Montez, and vice president of content Dan Van Dyke.
The top priority among US mobile banking users is knowing that their information is safe, according to our latest benchmark study of this banking channel. More than half (56%) said being notified of a Social Security number breach was “extremely valuable” to them, while 51% said the same of alerts for unusual account activity.
The firm is reportedly in talks over a sale. We discuss why it could be an attractive acquisition and how likely a buyout is.