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.
Three billion fraudulent emails go out globally each day, often aimed at unleashing cyberattacks on companies of all types.
US branch closures soar to 2021 record: S&P Global Market Intelligence’s data shows that closures were up 38% from the previous record set in 2020. But some banks are instead choosing to rethink their concepts for branches.
It’s already made crypto-payments-focused partnerships, and an exec said it’s looking at crypto. Or maybe it’s more about the metaverse.
The consumer protection watchdog is looking into the major players’ business practices and their effects on consumer credit access.
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.