Insurers are charging exorbitant premiums or demanding that banks meet tough minimum security requirements to obtain a policy.
The SVB collapse has made them reconsider where they do their banking. We discuss what banks can do to stand out.
It’s trying to mitigate the growing threat that card networks face at the online point-of-sale from open banking.
First Citizens is discussing if and how it can take over the plan. Regulators should have already created rules for a situation like this.
Consumers value features that protect their accounts and financial data, based on our exclusive survey data and analysis of 42 emerging features from the seven largest Canadian financial institutions in their mobile banking apps.
Acorns acquired the youth-focused bank app to enter the European market and address customers’ full financial life cycles.
Through a multiyear agreement, PayPal will become Live Nation’s preferred payment partner.
The payments firm responded to some short-seller allegations. But its failure to address key claims could cause future problems.
It’s calling on bank officials to enforce tighter regulations that can be enacted under existing laws. But the actions don’t solve all the issues.
On today's episode, we dive deeper into the banking debacle created by Silicon Valley Bank’s meltdown in order to see what the path forward will look like. In our “Headlines” segment, we discuss the challenges startups that banked at SVB are currently facing and how some existing banks are treading lightly with SVB’s former customers—while others are embracing them. In “Story by Numbers,” we turn the spotlight toward consumer trust in banks. And in “For Argument’s Sake,” we debate whether fintechs will need to operate in an environment with more regulatory scrutiny. Tune in to the conversation between host Rob Rubin and our analysts Tiffani Montez and Jenna McNamee. Listen and subscribe today.
The government’s new AI regulatory framework will promote innovation through interactive implementation.
A branded wallet might help Synchrony contend with potential disintermediation. But it would face strong competition.
Apple’s long-teased buy now, pay later service is finally here, but what can it bring to an already crowded table? Our analysts unpack who may use Apple Pay Later and evaluate five of its prerelease features to see how they stack up to consumer demand.
Amid scrutiny over who’s to blame for recent bank collapses, politicians are weighing in on the need to change legislation.
Visa and Mastercard are among the firms vying for cloud-based payments and banking platform Pismo, and Ingenico bought softPOS startup Phos.
The agency said it will use about $20B of the fund to cover Silicon Valley Bank depositors. Banks (and maybe customers) will pay in the long run.
Apple’s product strength and established wallet reach will make the solution a prime competitor in a crowded market.
Life insurance ownership is dwindling among US consumers, but demographic trends can shape acquisition strategies of new life insurance policyholders. Addressing pain points of Gen Z consumers can help marketers boost ownership rates of policies.
OneScore uses alternative data like rent to measure creditworthiness, which can support consumers who have minimal or no credit history.
Insurer Zurich is exploring using ChatGPT to improve modeling and claims. The tech has the potential to strengthen customer service, but not all consumers are sold.