In a first, 62.1% of adults in the US will use mobile banking, surpassing the 61.5% who will use in-branch banking, per our forecast. This is a marked shift from 10 years ago, when 78.8% of adults used bank branches and 18.6% used mobile.
Major bank executives are now more united in predicting a recession next year, but the degree is uncertain.
It’s seeking feedback now, but other regulators have done the same. Agencies need to come together with a unified plan.
It will use Mastercard’s Track Instant Pay solution, which automates B2B payments, to attract new business.
The UK is finalizing plans for new crypto regulations. And in the US, the FTC has joined the SEC in clamping down on misleading crypto ads.
Stablecoin issuer Circle canned its $9B SPAC plans while Goldman Sachs considers nabbing struggling crypto firms at a discount.
They aren’t too far off, but they’ll need to overcome a few challenges and implement new ways of banking.
The UK digital bank said one in three of its covid loans is in a distressed state, raising questions over the bank’s fraud detection practices.
A growing number of migrants in the US and a lack of formal remittance channels are creating an opening for US-based remittance firms in the country.
The AI-powered client portal combines the bank’s services and products in one place. All eyes will be on the customer transition.