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.
Visa and Mastercard blamed fraud and intensifying competition for higher post-Brexit cross-border fees in responses to the UK Parliament.
Open banking lets UK customers move money to their new current account on the same day they open it.
The match-up isn’t a typical teen banking app, but this differentiation could make it successful.
Jenius Bank will enter the market with big bank backing and a profitable approach. Now all it needs is customers.
Jenius Bank will enter the market with big bank backing and a profitable approach. Now all it needs is customers.
Industry trade groups say the agency can’t regulate customer service practices. Doing so might hurt competition.
As public sentiment shifts toward sustainability, banks and FIs must weigh the profits from these accounts against customer loyalty.