After a rough 2022, Worldpay’s valuation took a hit and will need to find ways to reinvigorate growth
Population size matters: Indian firms dominated a social media ranking of retail banks conducting the bulk of their marketing activities in English—but two Canadian banks and Chase also slipped into the top 10.
Why big banks are losing market share with younger generations: A report finds fintechs and neobanks have captured 47% of all new checking accounts opened in 2023, and that Gen Zers increasingly see them as their primary accounts.
UK gov’t seeks to bolster rules around banking subsidiaries: The timely rescue of Silicon Valley Bank’s UK subsidiary by HSBC couldn’t have been engineered if it had been a branch instead.
As Goldman Sachs pulls away from consumer banking, it may offload Apple Card to Amex—with potential knock-on effects for Apple Pay Later
The tool will help brands offer an enhanced customer experience online and may lead to higher conversion rates
The platform launched in New Zealand as it tries to reach 10 million users across Asia by the end of 2025
Flipkart partners with Axis Bank to offer personal loans: An embedded finance strategy will help it stave off competition from Amazon and other emerging rivals in India’s booming ecommerce market.
Though it generally makes managing finances easier, some customers need to maintain full control over their accounts.
In the US and abroad, more banks are scaling back on sustainability—much to the detriment of their future.
Instead of crumbling under a US student loan repayment pause, SoFi shifted its gears to banking. Now it’s about to become profitable.
Major US banks again passed the Fed’s annual stress tests with flying colors. But that doesn’t mean much in the face of bank failures and capital requirement hikes.
Banks that view spending on digital capabilities as an opportunity rather than a cost can drive profitability through customer satisfaction.
Women are noticeably missing from boards at UK startups. But creating more opportunities for women investors could change that.
Adding Tap to Pay functionality will help PayPal attract more SMBs and better compete against other providers that are doing the same
The acquisition will help the card giant grow its presence in South America
The “gift card” keychains replace single-use cards and can encourage repeat use among recipients
US banks and credit unions are prioritizing deposit growth into 2024. They’re also looking for revenue generation as their bottom lines are squeezed.
Credit unions argue they can handle climate-related financial risks on their own. If regulators want to help, they should look to insurers.
Coupled with other loan and banking updates, the card can help Square tighten SMB relationships