The CFPB will reportedly ask a federal court to vacate the rule—side-stepping the lengthy rescinding process and setting back open banking indefinitely.
Funding hit a two-year high, but the concentration among megarounds points to deeper problems in the startup funding space
But its megadeal with Worldpay and FIS will transform its business and expand its revenue opportunities
The agency wants to rework the rules to address banks' concerns. We look at what it would mean for open banking adoption in the US.
A new type of tax-advantage account making its way through Congress could be a chance for banks to attract and retain customers.
Payment providers are investing in AI to help streamline and personalize both the merchant and customer experiences
The personalized rewards offering will help the credit card stand out against other no-annual-fee credit cards
It wants to become a one-stop shop for businesses and consumers alike
Banks have an opportunity to build trust by recommending relevant products and engaging on social media.
A recent survey reveals many may regret their decision to incur student debt.
Many retailers in Latin America like Mercado Libre, Rappi, and even Walmart function not only as commerce players, but as financial institutions as well. As a result, commerce media in Latin America is charting a different course than it has in the US, one that could result in unique opportunities for companies with access not only to shopper habits, but to financial data as well.
Revolut reached over $1 billion in profits with strong subscription and wealth performance.
The company’s acquisition spree could help accelerate growth despite an uncertain economic climate
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.