The Indian payments provider raised $350M for new products to diversify as competition intensifies.
Emirati paytech Tabby secured $58M in a sign of investor confidence in the region’s BNPL market potential.
US banks participating in the climate risk pilot have lots to do in very little time to meet the Fed’s expectations.
Goldman suffered a big loss in operating expenses, but Morgan Stanley’s revenues beat the odds.
The two networks are edging closer to joining the UPI, which would open up a massive market opportunity.
Smaller loan provisions and huge net interest income gains hint that banks will likely be resilient through an economic downturn.
Spending was consistent with prior quarters in 2022. But consumers may struggle to pay down card debt if economic headwinds pick up in 2023.
Consumer demands are evolving faster than banks’ tech, so they’re turning to fintechs to keep up. Slowly, banks and fintechs are learning to work together.
Nipendo specializes in B2B payments automation, which can help Amex attract new business and compete more aggressively.
It will focus on existing clients and aid minority communities—but will that be enough to repair its image?
The government will spend $318.4 million to encourage more banks and payment providers to support the domestic solutions.
A Groundhog’s Day scenario will repeat Q3. Profits have plummeted, investment banking has dried up, and banks continue prepping for loan losses.
US sellers can now add the checkout feature to their websites, which can help it sweep in more volume and stay competitive.
Mass layoffs at the Wall Street bank and a forecasted 46% drop in profits are symptomatic of the broader banking industry slowdown.
The expected record-high rates will raise demand for budgeting tools, rewards focused on everyday spending, and BNPL.
Farmers in rural areas and emerging countries are often financially underserved. That’s where fintechs can make their next move.
On this first episode of the year, we explore the key banking and payment trends of 2023. We discuss trends and predictions, crunch important numbers you need to know, and have a conversation about how the different players in banking will capitalize, adapt, or get left behind. Join the conversation with host Rob Rubin, our principal analyst Tiffani Montez, and vice president of content Dan Van Dyke.
The top priority among US mobile banking users is knowing that their information is safe, according to our latest benchmark study of this banking channel. More than half (56%) said being notified of a Social Security number breach was “extremely valuable” to them, while 51% said the same of alerts for unusual account activity.
The firm is reportedly in talks over a sale. We discuss why it could be an attractive acquisition and how likely a buyout is.