On today's episode, we discuss what a world with fewer bank branches means, what the new digital branch will look like, and how digital banking adoption is faring. Tune in to the discussion with eMarketer vice president of content and head of financial services at Insider Intelligence Daniel Van Dyke.
The banking giant will build out its buy now, pay later footprint by creating two key roles within its Marcus direct bank—and its ambitions could add prospects for its upcoming checking account.
Clearscore is now valued at $645 million thanks to lenders eager to use its open banking-powered marketplace for matchmaking with borrowers—as some credit bureaus are already doing.
The retail giant is making its prepaid debit card—offered with Green Dot Bank—available as a demand deposit account. That and its big store footprint could pose a threat to smaller banks in rural areas.
The neobank’s addition of several new features to its paid accounts could help it attract and retain premium customers.
US boomers aren’t ready for mobile wallets
The profitable fintech is expanding its product suite and will create its own loan-servicing platform—an IPO figures in its long-term roadmap.
More than 45 million people ages 14 and older in the US will use buy now, pay later (BNPL) services this year, according to our inaugural user forecast for these financing options. That’s up 81.2% over 2020, and the age range of BNPL users will widen over the coming years as well.
US adults share a variety of personal finance concerns amid the pandemic-induced recession.
Despite the decline in total ad spending in the US this year, the financial services industry will increase its digital ad outlays. Why? The pandemic has caused many consumers to reassess their personal finances and change how they bank, leading the financial services industry to continue spending on digital ads during the pandemic.