High-net-worth individuals may be underserved—and overlooked: Some reach that status without realizing it and end up underestimating their insurance needs. A personalized risk management discussion can help educate them about solutions.
Class action lawsuits against healthcare insurers bear watching: Humana and United Healthcare are accused of using AI predictive tools to automate claim denials, despite a high error rate. The cases could lead to greater scrutiny of how AI is deployed by all insurers in decision-making support.
They centered on regulation, late fees, and winning over Gen Zers
Another multimillion-dollar campaign against swipe fee legislation didn’t materialize, and A2A payments need more incentives to take off
Though US regulators tried their best to keep up, they still must address some major gaps in 2024.
42.4% of US Gen Z banking consumers would consider their proximity to ATMs as a factor before choosing a new bank, while 28.8% would consider their distance to a branch, according to our survey. By contrast, 39.6% would consider the bank’s reputation.
The partnership will help PayPal grow Braintree—which is one of its core focuses
The network also forecasts a surge in ecommerce returns, per its 2024 economic outlook
Uptake has been slower than anticipated, and we may not see FedNow’s impact on the payments industry for years to come
And their desire for more guidance from financial professionals opens up opportunities for strengthening relationships.
Disparities in which groups receive these deals led the Consumer Financial Protection Bureau (CFPB) to ask questions about fair lending practices.
The tie-ups can help Google Pay grow its volume and keep up with rivals that already offer BNPL
Diversifying merchant partnerships can help the fintechs grow as the BNPL space gets more crowded
RTP can help small businesses better control their cash flow and overcome financial difficulties
JPMorgan, Bank of America, and Nationwide have committed to maintaining or expanding their in-person presence even as competitors close brick-and-mortar outposts.