Stress tests revealed robust banking health but unmasked the strain on consumer finances. We think it’s in banks’ best interest to bolster financial support.
Now, even powered-off mobile phones can serve as a CBDC payment device, making the digital yuan more accessible than ever
An integration with Stripe ensures that businesses get paid upfront so they don’t miss out on potential revenues
It’s eyeing an acquisition with Nordics-based Lunar to jump-start growth across the EU after posting a profit in the UK earlier this year.
But hurdles like technological resiliency and interoperability still stand in the way of mass adoption
CitiDirect Commercial Banking wants to be at the forefront of digital innovation to meet the demands of global clients.
Adyen joined the ranks of providers launching Tap to Pay for both Android and iPhone devices
The bank faces $250 million in fines and reimbursements for illegal business practices, which may dampen consumer trust
The Fed’s supervision chief laid out his vision for stricter capital requirements and stress tests. Here’s what it means for banks already on edge.
Arecession would put more than $200 billion in credit card issuer revenues at risk. Issuers must be fully prepared for weakened consumers hobbled by unemployment, depleted savings, and extra debt payments. And they should prepare for the toll that deteriorating credit card spending and loan risk could take on charge-off rates, merchant fee revenues, and interest income
Banks will start posting their Q2 results on Friday. Here’s what to keep an eye out for.
The admission will not help the digital challenger as it endeavors for a UK banking license.
Both Amazon and its payment partners can benefit from the massive sales event
The bank will nab the portfolio from Barclays in 2025. Here’s how it could benefit from Lufthansa’s massive customer base
They partnered with EV charging platform Virta to become early market movers
On today’s episode, we discuss how Gen Zers are different from older generations in that a lot of their financial services product consumption will be embedded within non-financial service-specific experiences. In our "Headlines" segment, we examine how convenience plays a major factor into Gen Z decision-making. In "Story by Numbers," we discuss Gen Z’s use of Apple Pay in consumer finance and if consumers can find competitive prices while using embedded finance experiences. And in "For Argument's Sake," we debate if more than 10% of Gen Z or Gen Alpha will go their whole lives without establishing direct relationships with financial service providers. Listen in to the conversation with host Rob Rubin and our analysts Grace Broadbent and Eleni Digalaki.
Meta under fire for bank fraud on its platforms: Facebook, Instagram, and WhatsApp are attracting financial scammers. Regulation and reputational risk make fraud prevention a wise tech investment.
The fintech seems more like a future customer acquisition ploy for banks.