The rule, which regulates payment apps like banks, is already on shaky ground given the CFPB is about to be overhauled under Trump
Financial institutions (FIs) will burst through the financial media network (FMN) door first cracked open in 2024. Chase made headlines in April by announcing its new ad business, followed by PayPal in May. They’re the most high-profile FIs to do so yet, signaling that FMNs could be a meaningful new revenue stream for the financial services industry.
We explore the key contributors to record profits and the second-highest earnings year to date.
We explore best practices that can help FIs build bonds with younger customers.
Healthy consumer spending and higher interest income drove gains. But consumers’ financial health isn’t on a glide path yet
Partnership negotiations will have to deal with the program’s list of hurdles
The enforcement action provides closure that could help boost the P2P app’s customer satisfaction in the long run
In today’s episode of The Banking & Payments Show podcast, we talk about who the BaaS compliance crackdown will hit the most, why Walmart and Amazon will pilot pay-by-bank at checkout in 2025, and how consumer privacy will change under a second Trump administration. Join the discussion with host and Head of Business Development, Rob Rubin, and Principal Analysts Tiffani Montez and David Morris.
They’re designing their own pathways toward achieving financial goals and could use banks’ expertise.
BNPL providers approved 79% of applications in 2022 thanks to counteroffers for subprime borrowers
The tie-up brings Klarna to more merchants' checkout pages without the need for individual merchant partnerships, helping it save time and money and more quickly ramp up its payments volume
The launch will bring a needed boost to the industry, which has struggled to win over consumers and merchants
We examine why this likely doesn’t mean banks are losing customers to their digital competitors.