Both countries are researching the regulatory nuances for a potential CBDC while China and India push ahead with their own CBDCs.
Backed by several FDIC-insured incumbents, USDF has 1:1 redemption with US dollars and runs on a public blockchain. Security and transparency will make good selling points.
Old MacDonald had a neobank farm: Fintech Farm looks to plant challengers in emerging markets using country-specific partners and branding. It’s a version of the growing hyper-personalization trend in developed countries.
Monzo offers a rerun—just when it needs a new show: The UK neobank’s revival of its Give £5, Get £5 offering isn’t enough to differentiate it from rivals or bring it the profits its investors want.
As they return to the roads, skies, and seas, many travelers are also revisiting how to get the most mileage out of their credit cards.
Solutions introduced last year like Apple Family Card and wallet support for more transit systems could help the tech giant increase volume.
In a crowded field, eToro seeks differentiation through a metaverse-themed portfolio that will give investors a stake in related stocks and crypto assets.
Two fintechs powering circularity and resale of fashion and luxury items pitch sustainability while also edging their users into a tokenized economy.
Its plan to significantly reduce its presence in Mexico is just one example of how scale could be a double-edged sword for banks.
Wells Fargo’s overdraft cuts show it’s reading the room: The banking giant joins its peers in lowering customers’ exposure to fees. This could improve its standing with US regulators as they mull crackdowns.
Tandem’s reputation could use some green successes from Oplo deal: The environmentally conscious UK neobank’s plans to acquire a consumer lender may help it get past its previous license loss and insufficient green-history disclosure.
Cannabis banking won’t go up in smoke after US lawmaker retires: Rep. Ed Perlmutter (D-Colorado), a chief sponsor of the SAFE Banking Act, said he’s not running for re-election. But that’s unlikely to end momentum for cannabanking in 2022.
Goldman’s new General Motors card could cement the issuer’s reputation for innovative digital features and serve as an industry blueprint.