Consumers aren’t ready to quit cash yet: The shift to digital delivery of services hasn’t relieved banks of their duty to manage cash—particularly if they’re seeking to win over cash-carrying millennials and Gen Zers.
The BNPL industry’s explosive growth is a thing of the past. The number of US BNPL users will grow only 6.9% in 2024, a major slowdown from prior years. And while payment value will rise at a still-strong rate of 20.8% this year, it too marks a significant deceleration.
The bank expects to roll out more luxury experiences at 30 new financial center branches by 2026.
Failing to improve its consumer risk profile may lead to concerns with its proposed Capital One merger
The service makes purchasing age-restricted items online easier and can help merchants speed up checkout times
It’s a large volume opportunity for the BNPL player and helps Klarna compete with. It can also help keep users loyal to Apple as its NFC tech opens up
Though most experienced drops in profit, big banks’ investment banking income helped them beat analysts’ expectations.
In today’s podcast episode, we dive into how Apple Intelligence will move the AI usage needle and discuss which companies are poised to shape the future of artificial intelligence. "In Other News", we cover Bank of America’s recent outage and the risks associated with digital banking. Join host Marcus Johnson and analysts Jacob Bourne and Gadjo Sevilla for the conversation.
The card will expand Barclays’ presence in the US credit card industry and help diversify its card volume
Their data is consistent with what other major US credit card issuers reported, suggesting the credit card recovery is still a ways off
As competition for low-risk prospects heats up, cash-back credit card issuers must understand what features sway key demographics to sign up for a card. No annual fee, introductory rates, and rewards are central.
Three prominent finfluencers explain how this social media marketing strategy can be more accessible for financial institutions with smaller budgets.
The Canadian bank pled guilty to criminal charges for its AML failures and accepted penalties and growth limitations imposed by a US regulator.