Real-time payments allow individuals and businesses to send and receive payments between bank accounts simultaneously. The process described below occurs instantaneously upon initiation.
Premium increases heat up insurance commissioner elections: In particular, we’re watching the context in flood-ravaged North Carolina, one of the few states where voters elect their insurance watchdog.
Insurance agents marked ‘safe’ from disruption: The ups and downs of the direct-to-consumer life insurance market have taught the industry a lot about contemporary consumers and in-person experiences.
How do you solve an insurance problem like Florida? Spitballing ideas to sustain the hurricane-plagued state’s shaky P&C insurance market has led observers to float the idea of an Affordable Care Act-like solution.
We explore what's behind the drop and what the top-ranked bank is doing right.
Customers may be missing out on the full value of their cybersecurity policies: They know they need coverage. But they’re lagging in their pickup of related risk management services.
Online access and a fee-free ATM network are the two most important bank services/features according to US banking customers, per to a July 2024 survey from Nerdwallet conducted by The Harris Poll.
The Spanish bank launched its digital speedboat in the US before most of its products become available.
The final version of the Consumer Financial Protection Bureau’s Section 1033 rule clarifies how financial institutions and apps must protect and share customer data.
Fintech unicorns are becoming major startup incubators, creating city-specific hubs for innovation, even as Klarna cuts staff amid shifting market trends
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.
We explore key takeaways that can help banks stay competitive despite rising costs.
The bank expects to roll out more luxury experiences at 30 new financial center branches by 2026.