Financial Services

JPMorgan kept its eye on technology and the crypto trend—no matter what Jamie thought personally: The banking giant’s 2021 featured a UK digital-only launch, fintech acquisitions, crypto offerings for retail clients, and advocating for staff in branches to become licensed advisors.

What 2021’s biggest fintech funding rounds say about the industry: The money hose isn’t going anywhere in 2022—this year’s most lucrative raises can tell us where the industry’s headed next.

Back in 2020, we predicted that PayPal would make a number of big acquisitions this year to help enhance its offerings.

The Canada-based bank, which already has a stateside presence via BMO Harris, agreed to acquire the BNP Paribas subsidiary in a $16.3B deal. Now BMO has an opportunity for a best-of-breed mobile strategy.

Cryptocurrency needs to fix its public relations problem: Visa’s study of the five types of crypto-aware consumers suggests negative impressions of cryptocurrency could be the default before they become more informed.

Affirm, Afterpay, Klarna, PayPal, and Zip have until March 1, 2022, to respond to the consumer watchdog’s inquiry.

The US regulator wants feedback on principles it’s drafted to help banks deal with the risks posed by catastrophic weather. Banks should take this as a reminder to update their business continuity plans.

Brazil-based credit startup Open Co, India’s BNPL card fintech Uni, and cannabis card provider SuperNet are all meeting unmet payment needs.

NYDIG’s $1 billion round portends growing investor interest in crypto firms that help FIs offer their own crypto products.

A Mastercard survey suggests that superior trust gives banks a leg up in the race to pitch consumers on sharing their financial data.

Data from devices like leak detection sensors can improve insurers’ risk assessments, and their alerts can strengthen customer relationships.

Letting users pay directly from their bank accounts minimizes their reliance on cards, which could mean less volume and revenues for issuers.

The solutions can help billers improve payment collection while giving customers a more efficient way to pay their bills.

Digital ID regtechs are attracting record funding and revenue growth amid spiking AML fines, but as investments grow, so will FIs’ expectations of fewer incidents and fines

JPMorgan’s digital-only bank plays in a market with strong neobanks and support for open banking. That could spur globally applicable innovation and best practices for its parent.

Growth will come from Gen Z’s interest in buy now, pay later (BNPL) and incumbents’ push to outspend and outinnovate competitors.