Current’s high-yield product will attract customers—but then what?: The US neobank will pay 4.00% APY to customers with Savings Pods, up to $6,000 annually for paid users. But it still needs to build primary banking ties to make lasting gains.
Visa Acceptance Cloud, which lets payment service providers embed transaction software into digital devices, opens new acceptance channels for Visa.
FNB’s also doing personalization—but it’s for healthcare professionals: The US regional bank said it’s specifically targeting doctors, dentists, and veterinarians with a focused lineup reflecting their career stages.
Telematics is becoming the norm in US auto insurance as drivers increasingly agree to being monitored in exchange for lower premiums.
M&T is turning select locations into “multicultural banking centers” while TD’s new flagship can be physically customized based on services required.
Fintechs raised $132 billion in 2021, an all-time high—investors will flood into several hot areas this year, including crypto.
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.