The majority of US adults are against living in a cashless society, with 60% indicating they’d prefer physical money to stick around.
A financial planning platform for students will offer valuable tools to 17- to 24-year-olds and may win their long-term loyalty and retention.
Here’s how French fintechs raised $2.45B so far this year—the third-largest funding in Europe—and what it means for the UK’s top spot.
On today's episode, we discuss whether Facebook has reached a turning point, how people now feel about digital ads, if the world is ready for eSports endorsers or finance influencers (aka finfluencers), the pandemic pet boom, what we keep learning about customers' needs, how to make sure you treat in-office and remote workers fairly, a town with free alcohol, and more. Tune in to the discussion with eMarketer analysts Nina Goetzen and Blake Droesch, and senior analyst at Insider Intelligence Jasmine Enberg.
Plaid picks chief privacy officer at a key moment: Sheila Jambekar, the first to fill this role at the open-banking provider, could help it adapt to the CFPB’s future industry regulation.
BofA does more with less in tech: It’s slashed tech and ops spending by about $2B over the past five years, shifting funds to new initiatives—and it’s still adding clients.
The majority of US adults aren’t in the habit of switching their primary bank. As of August, 77% have not moved their primary account to a new bank in the past five years, and just 8% have done so over the past year.
The UK’s digital advertising industry weathered the pandemic remarkably well. Among the industry sectors we track, digital ad spending will rise across the board (which was not universal last year), but these patterns of growth will fluctuate wildly across categories.
JPMorgan picks UK fintech for core-banking cloud hosting: The banking giant is working with Thought Machine on its US and UK retail-banking operations—the latest partnership in a string of them announced this year.
The UK neobank giant is rolling out stock trading in the US in hopes of capturing the retail trading boom, but existing digital brokers have already scooped up the lion’s share.
Monzo’s paycheck-sorting tool could help it become a primary bank: The UK-based neobank’s Salary Sorter tool lets US customers automatically allocate direct deposits for specific purposes. Is that enough to turn new customers away from incumbents?
While commission-free trading isn’t unique, bundling it with crypto and savings features will increase the time the UK-based neobank’s US customers spend with it.