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.
Despite slower spending growth, both companies managed to pull in more customers—positioning them well in the long term.
Consumers want a quick application process and immediate access to their new account. But an experiment found that banks can take up to two weeks.
The card network’s volume grew 7% YoY in its fiscal Q1. Falling fintech valuations might help fuel long-term growth for Visa.
Three fintechs that specialize in anti-money laundering controls—including one powered by AI—caught investors’ eyes amid regulatory crackdowns.
The card network’s gross payment volume increased 8% YoY during Q4, but it anticipates a slowdown in revenue growth this quarter.
Community banks and credit unions are spending their tech budgets on fintech solutions that improve their operational efficiency.
The feature lets customers view their 2022 spending patterns and suggests ways to improve financial habits in the new year.
We dig into the trends that will power the insurance industry through an economic downturn.
Becoming Amazon’s strategic payments partner in the US, Canada, and Europe can help Stripe bolster its processing business.
Major banks are jointly developing a digital wallet to fend off competitors. But the execution must be flawless to succeed.
Bank of America, JPMorgan, and other banks are creating a digital wallet to compete with Apple Pay and PayPal—but there’s one catch.
Payment startups might be better off cutting costs and scaling back expansion plans until the funding climate improves.
Complex sanctions, elaborate money laundering schemes, and powerful tech give financial criminals an upper hand.