FIs can access multiple fintechs through one connection while giving consumers control over their data.
Embedded finance fintechs and those with disruptive potential are still attracting investment despite the funding decline.
It’s applying for state regulatory licenses—but it still needs to deal with other hurdles standing in the way.
Travelers may want to let loose on vacation, but they want their premium travel credit cards to be locked down tight. The most in-demand feature of these cards is free identity theft insurance, with 53% of prospective users in the US saying it was “extremely valuable” to them, according to our “US Premium Travel Credit Card Emerging Features Benchmark 2022” report.
Lenders are cutting bankers’ bonuses by up to 70% to cut costs in response to a dealmaking slowdown.
Financing restrictions, political wrangling, and lending support could all be set to increase for banks.
Public comments revealed that many feel like the plan for banks and card companies falls short.
The Kansas Fed said the bank’s activities didn’t reflect safe and sound banking practices.
Despite slower spending growth, both companies managed to pull in more customers—positioning them well in the long term.
Consumers want a quick application process and immediate access to their new account. But an experiment found that banks can take up to two weeks.
Although the country made enormous progress with its first-mover advantage, regulatory hold-ups could help other countries dethrone it.
As more UK branches close, more shared banking hubs are promised. But only four are operational. That’s not enough to fill the growing gap.
The card network’s volume grew 7% YoY in its fiscal Q1. Falling fintech valuations might help fuel long-term growth for Visa.