Columbia Bank is one of the first to make changes. But the rationale likely hinges on customer experience, not regulatory pressures.
Since performance isn’t an option, they’ll need to focus on the growing demand for personalization and digital features.
AtoB, Super Payments, and Pomelo each recently raised funding to build out their businesses.
Credit unions’ bank acquisitions are setting a record pace in 2022. CUs also have the advantage in customer satisfaction.
Together they’ll offer financially focused games to users. But gamification in youth banking is becoming the standard.
Though they don’t explicitly name crypto firms, they provide an avenue—but no guarantee—for access.
Affirm and Splitit struck partnerships to shore up growth as market uncertainty takes a toll on the BNPL sector.
For years, small banks have handled deposits for large crypto firms. Their experience offers lessons to big banks that now want in.
The surveys conducted by the CMA show that online banks are beating out incumbents.
The firm also failed to renew contracts with other large clients, suggesting a change in direction for banking as a service.
Max Levchin said the company’s underwriting process and business model would help it withstand a financial downturn.