It uses the technology for more manual processes, freeing up the team for creativity.
Multi-industry players have the power to redefine the future of commerce media advertising. Unlike in the US, where retailers and FIs typically operate independently, many Latin American retailers act as financial services providers—offering credit lines, digital wallets, and other banking products to unbanked and underbanked consumers.
The deal received conditional regulatory approval, shaking up the card space and larger financial service industry
We explore two case studies from credit unions that turned to tech to improve efficiency.
Latest data from the Federal Reserve shows leading institutions based on consolidated assets.
Over a third of adults in the region don’t have a bank account. Only the Middle East and Africa has a larger proportion of unbanked consumers, per 2021 World Bank data analyzed by BCG. And the unbanked population is unevenly distributed: Just 59% of low-income consumers and 40% of rural inhabitants in Latin America have access to a banking account, per a January 2023 Mastercard and Americas Market Intelligence (AMI) survey.
Consumers’ relatively stable financial footing could be undercut by trade war volatility. Already-tight lending standards could lead to a double-whammy for issuers.
They’re already skeptical of big financial players and would rather keep their data under lock and key.
While banks aren’t directly paying tariffs, they face a combination of other threats.
In today’s episode, we talk about what young people want most from a bank, their favorite alternative investments, and what their parents have taught them about saving for the future. Join the discussion with host and Head of Business Development Rob Rubin, Analyst Lauren Ashcraft and Senior Analyst Grace Broadbent.
When you think of tax season, gaming or dating probably don’t come to mind. But for H&R Block, flipping that narrative is part of a larger strategy to meet the next generation of taxpayers exactly where they are—whether it’s in a virtual mansion on Roblox or swiping right on Tinder.
Worsening economic conditions will be felt deeply by issuers if the tariffs remain in their current form
A popular influencer has recommended drastic changes in daily spending.
The large card program is in flux, with both its issuer and network partnerships up for grabs
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.
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.
This leaves the BNPL industry back at square one in terms of regulation, creating uncertainty for providers
GOBankingRates research examines what young adults do with their paychecks.