Community banks and credit unions were marked safe from the recent US regional bank collapses. But they’re still contending with unprecedented interest rates, an aging customer base, and disappointing core banking technology.
Financial institutions are vying with nonbanks for customers in a sluggish lending market. Updating their marketing, lending, and product strategies can help attract and keep customers, slowing the outflow to nonbank lenders.
Traditional financial institutions are losing new business to digital competitors. But banks can still compete.
We look at how some major fintechs’ marketing strategies helped put them on the map.
Amid rising fintech and neobank competition, traditional financial institutions are investing in their rivals.
GenAI will generate more financial value for banks than any other technology introduced in the last decade. Per a September 2023 McKinsey & Company research, it could hit $200 billion to $340 billion annually through greater productivity.
Stakeholders submitted 11,000 comments during the CFPB’s open banking feedback period—revealing competing interests.
In 2023, 92.3% of the 5.2 million accounts opened digitally will be with incumbent banks, as digital-only banks fall victim to economic uncertainty and intense fintech competition.
Embedded channels will make up a large chunk of life insurance transactions within the next five years. Insurers that form the right partnerships today can reach coveted younger demographics and grow their customer bases.
Payment service providers competing to serve small and medium-sized businesses have a new opportunity to win them over with cutting-edge payment, cash flow, capital, and marketing tools.
Public comments revealed that many feel like the plan for banks and card companies falls short.
Community banks and credit unions are spending their tech budgets on fintech solutions that improve their operational efficiency.
Farmers in rural areas and emerging countries are often financially underserved. That’s where fintechs can make their next move.
Inflation and monetary policy topped the list, while crypto and cyberattacks dodged the top 10.
We delve into six trends to watch as banks fight for top-notch employees from an ever-shrinking talent pool.
The $11 trillion US payment card network is developing new strategies to turn threats from fintechs, homegrown networks, and rising regulatory scrutiny into growth opportunities.
We expect buy now, pay later (BNPL) users and payment value to continue growing in the coming years, despite a perfect storm of rising investor and regulatory scrutiny, increasing competition, and worsening economic conditions.
On today's episode, in our "Retail Me This, Retail Me That" segment, we discuss what buy now, pay later (BNPL) means to fintechs, retailers, and consumers. Then for "Pop-Up Rankings," we rank the top four questions swirling around BNPL. Join our analyst Sara Lebow as she hosts analysts Suzy Davidkhanian and David Morris.
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