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Our Klarna spotlight report highlights in-demand features the firm lacks鈥攍ike earning rewards when customers pay on time or letting customers redeem rewards toward their loan payments. Adding these features can help strengthen Klarna鈥檚 US business and maintain its leadership position in the BNPL space.

Discovery that are saddled with debt and desperate to raise revenues have licensed out shows from their catalog, giving Tubi and others an opportunity to be the sole home of killer apps like 鈥淲estworld鈥� that are unavailable elsewhere. Can Tubi tough it out? Tubi can weather a difficult period for streaming, but changes loom for the industry.

Higher borrowing costs posed a major issue for fintech lenders like Affirm and Upstart, which work with banks to fund customer loans. This put a major strain on their balance sheets and made them less attractive to investors. Overall shift in investor sentiment.

Campaigns from the top 10 issuers by credit card loans outstanding will highlight digital features and rewards that Gen Zers love鈥攁nd aim to build trust among those burned by fintech cryptocurrency marketing. Apple Pay will beat Google Pay and PayPal to win the Gen Z prize. A third of Gen Zers will use Apple Pay monthly this year, up from 23% in 2022.

Combined, Capital One and Discover would be the sixth-largest bank by assets and the largest credit card company by loan volume in the US. Capital One plans to maintain the Discover brand and will switch at least some of its cards to the Discover network, per a call with investors. Discover became a potential acquisition target last year after increased regulatory scrutiny led to a leadership shakeup.

However, the same economic challenges have molded Gen Z into a fiscally conservative generation focused on avoiding incurring additional debt. These differences have also influenced the generations鈥� vastly different migration patterns鈥攎illennials have flocked to their dream cities, while Gen Z have moved to suburban areas in more affordable regions.

LendInvest bagged 拢120 million ($140.9 million) to expand in the UK mortgage market. The property-focused fintech told City A.M. it can disrupt the market by simplifying the mortgage process. Three takeaways: Fintechs will need to work harder to lure investors amid global recession fears which have seen funding fall to its lowest level in four years.

Banks will encourage branch visits for lower frequency, higher-order tasks鈥攕uch as getting financial or investment advice, taking a loan, and refinancing a home. Branches build relationships: Net deposit outflows for three quarters in a row have made retention critical. Building robust relationships, fostering loyalty, and cultivating trust are the remedy.

Many BNPL programs are still interest-free, and BNPL purchases are particularly prone to returns: 13.7% of individual loans involved a partial or full return in 2021, the CFPB found. That doesn鈥檛 give BNPL providers much runway for competitive rewards. Affirm鈥檚 Debit+ card has experimented with rewards points, and Klarna also has a rewards club.

The measurement giant had over 15,000 employees at the time of its acquisition, which Ad Age reports saddled the company with approximately $10 billion in debt. Nielsen has been racing to launch big data and cross-platform measurement products as competitors make strides, but it shocked advertisers earlier this year when it opted to stick with panel-based measurement at Upfronts.

A host of factors is weighing on consumers, including high inflation, rising interest rates, the expiration of emergency SNAP benefits, and the resumption of federal student loan payments. Kroger sought to appeal to value-conscious shoppers by rolling out more private label products (including 233 in Q2) and leaning into weekly promotions and personalized discounts.

And as credit card debt rises and charge-off hazards mount, investing in services that target a more affluent customer base could help Capital One limit risk. This article originally appeared in Insider Intelligence's Payments Innovation Briefing鈥攁 daily recap of top stories reshaping the payments industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily. Are you a client?

顿颈蝉肠辞惫别谤测鈥檚 debt payments, potential acquisitions, and the broader industry鈥檚 push into markets like India would be slowed both by greater expenditures and an inability to produce new content without writers.

It provides members of AKA, their families, and AKA employees with credit and checking accounts, personal loans, direct deposits, and debit cards. The sorority decided to start the credit union as part of its mission to build economic wealth, promote social justice, and uplift communities.

The news: CVS Health is closing in on a deal to acquire senior-focused primary care company Oak Street Health for $10.5 billion including debt, according to a WSJ report. Oak Street shares jumped by over 30% following the Monday evening report. Who is Oak Street? It鈥檚 a national value-based primary care company for Medicare-eligible patients, particularly in underserved communities.

While credit card debt is rising, median household savings and checking balances are still considerably higher than they were in 2019 for all income cohorts, per Bank of America. With that said, steady interest rate increases and slowing but persistently high inflation could lead consumers to spend more cautiously in 2023.

Discovery merger left CNN鈥檚 parent with an enormous debt load that has triggered layoffs at nearly every sector of the company. Gannett鈥檚 decay has been a long, painful one. Its hundreds of daily newspapers have been bleeding ad revenues and staff for years, but now the company finds itself in a vicious cycle.

Bank strength doesn鈥檛 equal consumer health: A typical mortgage holder coming off a fixed-rate deal in 2023 will face a 拢220 ($271) increase to their monthly mortgage payments 鈥攁nd by the end of 2026, nearly 1 million homeowners will face 拢500 ($616) increases, per the BOE results. Renters would also suffer as landlords pass on higher mortgage rates to them.

Customers will increasingly tap the money they already have rather than accrue debt. BNPL adoption will steadily rise, reaching 40.3% of US digital buyers this year. Interest in alternative financing among credit card users could erode spending on cards, especially among younger demographics. Credit issuers will retaliate by incentivizing spending in cost-efficient ways.

One, medical credit cards carrying higher interest rates than general purpose credit cards saddling consumers with large amounts of debt, you note. And then two, over 100 million Americans, so 41% of adults, are in healthcare related debt, according to 2022 KFF health news analysis. Over 100 million Americans. Shocking. That's all we've got time for this episode. Thank you so much to my guests.

So DirecTV and Dish, even if they combine, they're still going to have a lot of debt. They're still going to have customers leaving at a rapid pace and there is a chance that they'd have more clout with more subscribers to get favorable retransmission negotiations with TV networks. (14:18):. But Disney still had a big blackout with Spectrum TV who is larger than Dish or DirecTV just a year ago.

And every entity has their own process for tracking down people who have outstanding medical debt. They might put a debt collector on it if it's a really large amount. We saw a health system last year cut off patients who racked up a certain amount of medical debt. Let's say the bills are just too high and the patient simply couldn't pay it.

While generative AI is well suited to risk-simulation, it isn鈥檛 yet equipped to make final decisions; loan and insurance policy-pricing determinations involve more than just quantifiable factors. Further, this could create challenges when internal stakeholders or regulators require explanation, since it鈥檚 difficult to explain generative AI decisions in anything other than quantifiable terms.

North Carolina-based First Citizens Bank agreed last week to purchase SVB鈥檚 deposits and loans for $16.5 billion. But that won鈥檛 cover the entire cost. According to Dodd-Frank, losses to the Deposit Insurance Fund to cover uninsured depositors will be recovered by a special assessment on banks. What鈥檚 so special about it?

But financial wellness is one area where Klarna lacks: It only offers two out of the category鈥檚 seven emerging features examined in the report鈥攁ccess to a free in-app budgeting tool and an upfront breakdown of how loans are approved.