Usage soars at NatWest’s business digital bank: Mettle has attained fivefold customer growth since early 2021 from its play for the UK's smallest businesses.
The majority of US consumers are shouldering loan debt, with 61.1% holding one or more loan accounts with an outstanding balance. The most common types of accounts to have an outstanding balance are mortgages (33.3%) and auto loans (31.0%).
NFTs come to the fore in China: However, the country’s regulatory scrutiny could add complexities to engaging with them.
Fed chair gives criteria for a US CBDC: Jerome Powell’s four must-haves for a central bank digital currency (CBDC) suggest policymakers’ focus in a fast-evolving area.
The firms launched the IHG Rewards Premier Business card and updated rewards on the IHG Rewards Traveler and Premier consumer cards.
UK government continues refining open banking regulation: The Competition and Markets Authority and fellow regulators outlined a replacement process for the Open Banking Implementation Entity (OBIE).
Credit unions struggle to attract younger people: A survey found that young US consumers are less likely to be credit union members. Tech and marketing updates could help narrow the gap.
CIBC adapts to talent wars by upskilling tech workers: To appeal to highly sought-after developers, banks can stress development opportunities and innovative projects, and publicly celebrate workers who contribute to patents.
Dave’s FTX collab opens doors for crypto offering: A $100M investment from the crypto exchange, coupled with a strategic partnership, could help the neobank roll out cash-back crypto rewards and convenient stablecoin conversions.
Investors have pushed the bank for more details on its tech initiatives. Communicating longer-term ROI without tipping off competitors is the challenge.
Proptech lets landlords keep income while ditching ownership costs: US-based Flock lets landlords exchange their properties for shares in dividend-paying, tax-deferred investment vehicles.
Its new secured card can appeal to small-business owners with poor credit histories and lead to upgrade opportunities.
FIS offers community banks a PFM tool: The banking tech provider’s solution targets smaller banks competing with large ones that offer financial insights to consumers.