They believe their FIs’ security measures are strong, but would like more controls—including biometric—for risky transactions.
After touting a recession-proof business model, the BNPL firm slashed 19% of its workforce and will restructure to the tune of $39M.
It and other US regulators promised to increase crackdowns on discriminatory behavior. But they must prove it’s not just a timely PR stunt.
The region’s revenues and transaction volume increased 13% YoY and 8% YoY, respectively, despite the firm’s total 6% YoY revenue decline.
Partnering with StepChange will help support struggling customers, but it raises questions around the harm BNPL can cause.
They’re using it to attract new customers and teach financial literacy. But it has side effects they need to know about.
PNC’s efforts led to the invalidation of three USAA mobile check deposit patents, opening the door for appeals from both banks.
Despite delays, Apple can benefit from its extensive user base and merchant acceptance to build BNPL success.
A lack of actionable insights may be the problem. Banks should rethink how tools are developed and offered.
Sightline Payments will work with Visa to power its Play+ cards, which can help digitize the cash-heavy casino and gaming sector.
On today’s episode, we investigate the changes and current issues plaguing the cryptocurrency industry. In our “Headlines” segment, we discuss the top crypto collapses of 2022. In “Story by Numbers,” we dissect a few data points that highlight the scope of the industry's fallout and its expectations in 2023. And in “For Argument's Sake,” we exchange our views on a few of the predictions that were recently made in the Insider Intelligence "Fintech Trends to Watch for 2023" report. Tune in to the conversation with host Rob Rubin, our analyst Grace Broadbent, and Simon Taylor, co-founder of 11:FS and head of strategy and content at Sardine.
The scale of FTX’s bankruptcy has placed it among the biggest bankruptcies in financial services history, where it sits fourth behind only WorldCom, Enron, and Lehman Brothers. However, there’s a chance of an even bigger disaster if Tether goes down.
Ingenico and Splitit are focused on cutting customer friction to grow their in-store BNPL presence.
Focusing on culture, values, and relationships will help bring in new employees. And tech investment won’t just benefit customers.
Just as the tech blows up in banking, UK startup Evident has created a non-biased index that scores banks on AI development and implementation.
It wants to lower the amount credit card issuers can charge in late fees—which would hurt a key source of issuers’ revenues.
Embedded finance fintechs and those with disruptive potential are still attracting investment despite the funding decline.
It’s applying for state regulatory licenses—but it still needs to deal with other hurdles standing in the way.
Travelers may want to let loose on vacation, but they want their premium travel credit cards to be locked down tight. The most in-demand feature of these cards is free identity theft insurance, with 53% of prospective users in the US saying it was “extremely valuable” to them, according to our “US Premium Travel Credit Card Emerging Features Benchmark 2022” report.
Public comments revealed that many feel like the plan for banks and card companies falls short.