The investigation could lead Apple to open up its NFC tech to third parties in the UK, making a similar US move all but inevitable
Today’s podcast episode of The Banking & Payments Show examines if the financial services sector should leverage social media influencers. In ‘Story by Numbers,’ we discuss how the majority of users have seen someone reviewing or recommending financial products on social platforms and what this means. In ‘For Argument’s Sake,’ we argue nicely about whether the risks of using finfluencers outweigh the rewards. Listen to the conversation as host, Rob Rubin, welcomes analysts Jasmine Enberg and Lauren Ashcraft to the podcast.
Credit tightening is partly responsible for this improvement, but delinquencies are still well above pre-pandemic levels
It’s pushing card-linked installment offerings after banning its credit cards from third-party BNPL plans
This launch solidifies Wells Fargo’s aggressive push into the credit card space this year, adding to its series of card launches
We look at why some growing fintechs profit and attract new customers despite an industrywide slowdown.
Giving other wallets access to the tech could foster greater competition in mobile payments, but Apple Pay likely won’t lose its lead with consumers
This issue has been the center of a global regulatory debate, but consumers should be careful what they wish for
Rigorous identity verification processes prove challenging for Gen Zers who lack a digital footprint, revealing a growth opportunity for banks.
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