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.
A private Swiss bank’s stock price dropped drastically after it disclosed a significant exposure to a troubled client—and social media amplified the news.
The service can strengthen merchant relationships and give the card network an opportunity to monetize its troves of valuable data
The cards can bring the retailer stronger revenue streams and enhanced customer loyalty
The demand for BNPL shows the financial inclusion benefits it can bring, but it also carries overspending risks
YouTube is the top social media platform that US Gen Z consumers turn to for banking information, per our survey.