The OSFI says it needs more time to consider how changes to capital requirements and floor levels will impact Canadian banks and their competitiveness with other countries.
The RBI tried incentives to boost adoption, but as they faded away, they weren’t enough to change consumer payment behaviors
The retailer’s decision will only impact a small customer segment, but it signals the end of an era in the retail checkout space
It can help customers avoid double-dipping on debt and attract more volume to its card-linked installment offering
Interest rates continue to take their toll on banks’ balance sheets: With the year running out and rate cuts prospects dwindling, more banks are reporting losses on paper of more than half of their capital equity.
It’s part of a familiar playbook aimed at avoiding becoming one of those commercial real estate-related failures Jay Powell predicted earlier this year.
While banks could benefit from eased restrictions, compliance is easier when there’s certainty about what the courts will do if guidance gets questioned.
This could be a boon for BNPL providers and digital wallets
But the settlement could face a similar fate to Visa and Mastercard’s rejected swipe fee settlement
How the credit union’s crisis management messaging is working—and what financial institutions can do to prepare for similar incidents.
While wero could shake up the EU digital payments market, its immediate impact will be limited as it fights for adoption
This partnership will help it stay ahead of Affirm, which just notched a major partnership of its own
Digital competitors, new products, and evolving customer needs have forced banks to leverage AI to market their products more efficiently.
But the rapid growth and breadth of services may not be sustainable moving forward
The decision paves the way for future lawsuits against financial regulators
Customer-centric banking organizes products around a specific customer goal or life stage, rather than discretely packaging products.
Retailers embrace the potential of non-endemic ads: Leveraging first-party data and expanding ad inventory to drive new revenue streams and enhance advertising strategies.