Financial Services

Opportunities will abound this year, too, due to diminishing cash use and the enormous latent demand for fintech services.

UK launch of Tink’s income tool is well-timed: The open-banking provider’s Income Check offering could gain traction due to the FCA’s upcoming repeal of the 90-day re-authentication mandate.

An IPO could offer Chime a wealth of possibilities: Going public could help the US neobank fund new business lines. The timing is key as challengers’ differentiation from incumbents keeps eroding.

Banking in a post-overdraft world: Regions is shaking up its mix of income sources after lowering its customers’ risks of incurring overdraft penalty charges.

A new paper by the Fed outlines how banks can adapt to the creation of a US central bank digital currency (CBDC). Bank stablecoins could complement it, but standalone issuers would face trouble.

U.S. Bank joins its peers pruning overdraft exposure: Changes include an increase in the amount exempt from overdraft fees, plus a one-day grace period. Lowering overdraft-fee risk is now the norm among the largest US players.

Of the small and medium-sized businesses (SMBs) in the US that accept cryptocurrency, 93% take payments in Bitcoin, making it the most commonly accepted crypto.

Revolut’s increasing breadth edges it closer to US super-app status: The UK-based neobank’s latest addition is no-commission access to stocks and exchange traded funds (ETFs) for stateside customers.