A large majority of US adults under 35—60% of adults aged 18-24 and 62% of adults aged 25-34—mainly use a mobile app to interact with their bank, according to September 2024 data from Fico.
Baby boomers support their adult children at the expense of their retirement accounts.
The P2P player was able to make this pivot thanks to the success of its integration in banks’ apps, which currently lead to 98% of its transactions
Many may turn to BNPL to make these purchases, providing a growth opportunity for providers
As the deal gets close to being finalized, banks and payment players need to prepare for a new competitive landscape
Nonbank lenders face lighter regulatory oversight than traditional lenders, allowing them to take on more risk when it comes to AI. When used in the lending process, AI can speed up approvals and communications while personalizing service.
GOBankingRates research examines what young adults do with their paychecks.
Tesla’s at the center of a heated political battle, and insurers and their customers are paying the price.
This leaves the BNPL industry back at square one in terms of regulation, creating uncertainty for providers
The platform can help the card program better compete with traditional cards from large issuers
Issuers can tap these models to reach a new customer segment and boost their credit card account openings
As hype over the asset class explodes, players want to capitalize on early-mover advantages
These can fuel more frequent debit card usage, helping these cards better compete against credit card programs
The company is likely looking for ways to reinvigorate growth after a weaker-than-expected Q4