Macroeconomic headwinds and tight competition might’ve complicated Affirm’s growth efforts in Australia.
Banks recognize the benefits and risks of AI. Planning for regulation, investing now, and educating staff are all key to embracing the tech.
Almost half of US consumers aren’t happy with their banks’ security measures. For lenders, it’s an opportunity for competitive differentiation.
Banks that fail to address boardroom gender imbalance face growing scrutiny from regulators and shareholders.
The country's central bank launched a pilot of the digital real, with hopes of giving the public access by the end of 2024.
Buy now, pay later (BNPL) has thrived because it combines the flexibility of credit with short repayment terms, app-based shopping, and a simple user experience.
Open banking fintech Abound raised £500M to help grow its consumer lending platform, which uses AI to offer cheaper loans.
The valuations of Revolut and Varo Bank were slashed amid question marks over both neobanks’ bottom lines.
The exit illustrates the challenges of major restructurings at banks and builds pressure on the lender to win over backers.
They want banking regulators to look into how banks that offer Zelle protect consumers as fraud concerns grow.
Sen. Brown wants the OCC to discuss the consequences of branch closures with affected communities. But that might not be enough to reverse the trend.