Banking Lost Deposits, But It’s Not Consumers Causing the Leak
In fact, banks under $1 billion saw a tiny rise in deposits. Megabanks saw the most erosion but say retail deposits are mostly stable.
While their ratings have fallen versus 2022, direct banks still outdo all other provider categories.
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In fact, banks under $1 billion saw a tiny rise in deposits. Megabanks saw the most erosion but say retail deposits are mostly stable.
Climate-related missteps risks are growing, and more chief sustainability roles are being named. But their role isn't always well defined.
Fintech firms like Klarna, Affirm and PayPal face a brand-new regulatory regime for buy now, pay later plans as bureau clamps down.
The growing trend erodes productivity and impedes strategy. Bankers can change that, but be fair and clear or you’ll make things worse.
Marygold & Co. blends banking as a service, investment firm heritage and tech to appeal to 'High Earner, Not Rich Yet' prospects.
Loan growth is a hot topic right now as financial institutions struggle to keep up with the impact of inflation and digital competition.
Credit card reward points, historically limited to specific purchases, are becoming a type of currency, a trend that could boost card usage.
Think you can’t match Bank of America's marketing? Think again. Texting to get online reviews can put your bank at the top in Google Maps.
Investing in digital banking transformation, especially during periods of economic uncertainty, is vital for banks fighting for survival.
After battling to obtain a national bank charter, Varo Bank was forced to contend with Covid, soaring inflation, and an impending recession.
The metaverse has potential to unleash the 'creative economy' if financial institutions can keep pace, but fintechs are leading the way.
Less than a decade old, the small business neobank just rebranded and launched an innovative digital tool. The CEO explains their strategy.
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Wringing inflation out of the system is already hurting many consumers as rates rise. More pain is coming for them and for banks and fintechs.
More fintechs and neobanks will likely fail due to funding issues. How that impacts banking-as-a-service arrangements is a crucial question.
The Great Resignation isn't over, yet the massive trend has already left a deep imprint on banking regarding hybrid work, benefits and more.
An externship can help institutions prepare for the next disruptive technology, support DEI and position a bank as a great place to work.
Digital is dominating financial ad spending, but CFPB has raised concerns that algorithms and AI may be skewing ad targeting.
The Durbin Amendment is blamed for the near elimination of debit card rewards. A new Durbin bill could do the same for credit card rewards.
The profusion of digital banking services has changed the business forever. But outdated concepts are hindering traditional institutions.
New study also finds a quarter of Millennials already regard a tech/fintech company (e.g. Apple, Venmo) as their primary financial provider.
Legacy technology isn't the primary reason digital transformation fails in banks. Here are the main deterrents and how to overcome them.
There are branches, mobile branches, ATMs and digital banks. How about app-based home delivery of banking services? Yup. Check this out.
Gain centralized access to the credit bureaus and 20+ alternative data sources. Leverage advanced analytics to optimize marketing campaigns and loan decisions.
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