RBC gets its knuckles rapped by climate activists: Environmental advocates are calling out banks for publicly agreeing that climate change is a critical issue while also continuing to fund $673B for fossil-fuel projects in 2022.
On today's episode, we break down everything there is to know about banking and the Gen Z demographic. In our “Headlines” segment, we discuss the article our analyst Tyler Brown published a few weeks ago about Greenlight, a neobank for kids, teens, and families. In “Story by Numbers,” the conversation revolves around why Gen Z is different from other generations and how banks need to cater to their mobile preferences. And in “For Argument’s Sake,” host Rob Rubin takes the position that in 10 years, there will be fewer than 500 consumer banks. Tune in to the conversation between Rubin and analysts Tyler Brown and Tiffani Montez.
Aftershocks of US banking turmoil continue: Indian IT service providers’ Q1 growth fell short of analysts’ expectations after US banks put their IT spending on hold.
Almost two-thirds of consumers use bank branches for complex queries. Incumbents can capitalize on their physical networks to meet demand.
Crypto and AI-focused CryptoGPT says it’s raised $10M. But its claims highlight the risks of overstating AI’s use.
The CFPB head suggested automatic triggers when banks’ actions become too risky, along with other mitigation tools. Not everyone’s likely to agree.
The bank hired many of SVB’s former tech and healthcare banking specialists. It looks to be positioning itself as the next go-to bank for the space.
The Meta-owned company's determination to overcome regulatory hurdles could signal bigger international ambitions
The Financial Stability Board listed 16 recommendations to create a standardized cyber incident reporting process that would help mitigate the global effects of an attack.
Adding RTP-powered Instant Payouts to its Transfer product helps position Plaid for FedNow’s July launch.
The Fed said banking sector shakiness will lead to a mild recession in the US this year. The IMG also downgraded its estimate for global economic growth.
The city is giving robot dogs a second chance as it finds new ways to integrate emerging technology into policing. Could this be the big break needed to push mass adoption?
Fintech is an easy scapegoat for a bigger problem: To keep nonbanks from benefiting from a new small-business lending rule, some objectors pointed to PPP fraud.
Founders tend to bank on the coasts, where network and community are strong. Digital banking can help foster innovation elsewhere, but it will take some nurturing.
The Bank of England is hiring for its Britcoin digital currency, but politicians and the public may not be as enthusiastic.
Rising interest rates have caused office building valuations to drop. Now banks face an increased risk of real estate loan defaults.