They’re saving in accounts at bigger banks and avoiding other high-yield options. It’s not clear if that’s brand loyalty or inertia.
The expanded partnership with Mastercard can help Paysend serve more customers and compete more aggressively.
In a first, 62.1% of adults in the US will use mobile banking, surpassing the 61.5% who will use in-branch banking, per our forecast. This is a marked shift from 10 years ago, when 78.8% of adults used bank branches and 18.6% used mobile.
Major bank executives are now more united in predicting a recession next year, but the degree is uncertain.
It will use Mastercard’s Track Instant Pay solution, which automates B2B payments, to attract new business.
They aren’t too far off, but they’ll need to overcome a few challenges and implement new ways of banking.
A growing number of migrants in the US and a lack of formal remittance channels are creating an opening for US-based remittance firms in the country.
The AI-powered client portal combines the bank’s services and products in one place. All eyes will be on the customer transition.
The American Free Enterprise Chamber of Commerce introduced an ad campaign in opposition of the Credit Card Competition Act.
Banks, FIs, and fintechs must work together to quickly identify scams and to build stronger preventative controls.
The firm introduced a crypto payments onramp to facilitate purchases for web3 platforms despite recent crypto turmoil.
On today’s episode, we turn our attention to fintech regulation. Jason Mikula, publisher of Fintech Business Weekly and managing director at 312 Global Strategies BV, a consulting firm focused on financial services product strategy, talks about the challenges banking as a service (BaaS) providers and their partners face as regulators pay more attention to banks’ relationships with third parties. We also ask Mikula to take the role of "Pretend CCO" at a fintech company as he lays out his top priorities for 2023 given potentially new regulatory scrutiny. Listen to the discussion with our host Rob Rubin.
Some banks’ worst-case scenarios are others’ base cases—meaning some banks might be too optimistic.
Weixin users can receive remittances from Tencent’s global partners directly to their wallets.
We unpack the biggest takeaways and action items from our US Mobile Banking Emerging Features Benchmark.
Amex Business Link lets suppliers accept card and noncard payments and cross-border transactions. We break down how it can help Amex attract more issuing partners.
Royal Bank of Canada has agreed to buy HSBC’s Canadian arm in a move to strengthen its domestic dominance.
Small-business and BNPL growth underscores two holiday trends and could direct investment for 2023.
We wrap up what happened at last week’s Wealth Management Transformation Summit session on ESG in London.