Healthy consumer spending and higher interest income drove gains. But consumers’ financial health isn’t on a glide path yet
Partnership negotiations will have to deal with the program’s list of hurdles
The enforcement action provides closure that could help boost the P2P app’s customer satisfaction in the long run
Remittances represent a large share of global payments and will keep growing—although at a flat rate. Traditional money transfer organizations have to fight harder for a share of the prize as digital-only entrants have stepped up the competition.
In today’s episode of The Banking & Payments Show podcast, we talk about who the BaaS compliance crackdown will hit the most, why Walmart and Amazon will pilot pay-by-bank at checkout in 2025, and how consumer privacy will change under a second Trump administration. Join the discussion with host and Head of Business Development, Rob Rubin, and Principal Analysts Tiffani Montez and David Morris.
They’re designing their own pathways toward achieving financial goals and could use banks’ expertise.
BNPL providers approved 79% of applications in 2022 thanks to counteroffers for subprime borrowers
The tie-up brings Klarna to more merchants' checkout pages without the need for individual merchant partnerships, helping it save time and money and more quickly ramp up its payments volume
The launch will bring a needed boost to the industry, which has struggled to win over consumers and merchants
When we asked US banking customers how they felt about their banks using AI to improve their banking experience, attitudes were mixed—and often sharply divided along demographic lines.
We examine why this likely doesn’t mean banks are losing customers to their digital competitors.
But the solution may struggle to gain traction given consumers’ unreadiness to adopt the technology
Providers are leaning on AI to stop bad actors while also maintaining an easy and quick checkout process
The technology will improve banks’ customer service and help them deliver more personalized interactions.