Gen Z isn’t very worried about their privacy if banks integrate AI into their services. Other generations expressed less interest and more caution about AI.
Many are turning to cash as a budgeting tool amid the country’s cost-of-living crisis
The fintech wants to capitalize on the massive volume opportunity presented by the world’s top remitter
The company is trying to cut costs as it focuses on profitability ahead of going public
Funding scarcity is leading to layoffs, bankruptcies, and a focus on profitability, affecting future startup innovation and growth.
After facing regulatory scrutiny for some major missteps, it plans to focus on other areas of business—and that’s one less lender in the shrinking student loan market.
The remittance provider is betting consumers still want to send transfers in person despite growing digital adoption
The rollout of Bitkey highlights the payment provider’s confidence in the asset—but others still aren’t convinced
The ecommerce giant will stop accepting the payment method, a huge setback in PayPal’s journey to monetize Venmo
In preparation for impending changes to data sharing in the US, banks have been executing on strategies aimed at positioning them competitively.
Adyen wants to grow its global acquiring business to reaccelerate growth after a slowdown
Using overdrafts like BNPL to extend their purchasing power may lead to financial hardship
The digital wallet rollout will disrupt the industry as its innovative features reset consumer expectations
Winning Gen Zers’ deposits will depend on capturing their attention and trust early in the customer journey. At the discovery and consideration stages, Gen Zers’ habits are very different than those of other generations, per our inaugural survey of 1,488 US banking consumers. That means banks must rethink their marketing strategies to best appeal to this generation’s preferences.