Consumers’ sentiment is shifting. They now put more trust in institutions other than their primary bank or credit union for financial and banking services.
A new report shows that a majority of consumers are jumping into crypto. Many are living paycheck to paycheck and are relying on crypto to make payments.
A robo-advisor and a hybrid advice offer resemble most other banks’ products, making them a retention tool rather than a bid for new business.
New use cases like adding credit card advances could counter the CBDC’s growth and help titans maintain their market dominance.
DOJ vs. Apple: The US justice department is considering a challenge to Apple’s market dominance. Developer restrictions, payments ecosystems, and anticompetitive business practices could be key areas of conflict.
Though its new ad campaign claims to open the banking world to those normally left out, it misses groups truly in need.
The program is a big step in inclusivity for non-binary and transgender customers.
They make their money through affiliate links, but they say whatever it takes to funnel their followers into crypto.
WhatsApp users in India can shop for and pay for groceries within the app, which could boost engagement with its payments tools.
It reached this milestone in just over two years. But is that and its claim of profitability enough to call it a success?
Though FIs should keep these at the top of mind when creating digital strategies, they should proceed with caution.
It attributes its digital success to consistent tech investment and understanding customer data.
Affirm’s gross merchandise volume grew 77% YoY in Q4. It plans to launch new products and features to boost volume and engagement.