This milestone opens Mastercard up to a massive new market and gives it a competitive edge against Visa. But it will face stiff domestic competition
The report claims issuers create misleading marketing materials and block or delay earned benefits. Issuers are already fighting back
The alt-credit model can help expand financing to credit invisibles, which should help boost account openings
Some are disproving the commonly held belief that they can’t reach profitability.
A few of the company’s biggest tie-ups are up in the air—losing them could be devastating to Affirm’s future business
But a slowdown suggests the company can no longer rely on its verticalization angle to stand out from competitors
This will help it stay competitive with other providers that have launched similar AI features
Financial institutions that have relied on the platform to reach young consumers must come up with a Plan B—or face losing brand awareness.
Starting off their financial lives this way will have long-term effects on their financial futures and on credit card providers
Stablecoin adoption is even more limited than thought, but this hasn’t stopped major payment players like Visa from getting involved
The feature lets customers match repayments to their pay cycles to help manage their finances, but it’s not without risks for Afterpay
To capture Gen Alpha’s attention, marketers can tap into their love of tablets and YouTube.
Overdraft policy mostly meets with indifference: If asked about their bank’s practices, most consumers would answer: “Don’t know and don’t care.” A NY Fed study found experience is the best teacher about what’s in the fine print.
What’s all the fuss about headless banking? There's lots of buzz lately about banks that separate banking services from any branches, apps or user interfaces. We take a closer look at this variation on BaaS.
New York Community Bank averts its predicted collapse: Its high-profile management team assuaged investors’ fears—for now—by showing a path to profitability.
Signals about the long-predicted M&A revival remain mixed: Bank mergers had a slow start in Q1, coming off a historically bad year for deal announcements. Despite regulatory headwinds, there’s still reason for hope.
Data hasn’t persuaded the Fed to lower interest rates: But Jerome Powell thinks it’s unlikely that its next move will be a rate hike. Here are our takeaways from his press conference.
Reclassification won’t ease marijuana businesses’ woes: A major policy change would make weed less heinous but still federally illegal—and that’s not reassuring to the many banks that want to avoid compliance hassles.