Amazon Shocks Credit Card Industry With Rejection of Visa Payments
Big enough to completely disrupt the payments space, Amazon is flexing its muscles by shunning one of the world's two credit card giants.
Roasted on The Hill, Biden’s Nominee for Top Bank Regulator Cries Foul
OCC nominee Saule Omarova accuses critics of taking her controversial views — like 'ending banking' — out of context.
Banks and Credit Unions Wade Into Crypto Banking (And Why)
You may not 'get' Bitcoin, Ether, Litecoin or their cousins yet, but three financial institutions' experiences suggests there's potential.
How Amazon’s Alliance With Venmo Will Disrupt The Payments Space Forever
Amazon gives consumers a new way to pay, and sets Venmo's parent PayPal up to siphon even more payments away from credit card providers.
DIY Banking: Why Consumers Love Mix-and-Match Patchwork of Financial Providers
Consumers increasingly are willing to try new providers, looking for the best fit. Can banks and credit unions outpace neobanks and fintechs?
Banks Risk Losing Critical Revenue Stream If Payment Trends Continue
The mobile wallet war is one challenge. The shift to P2P and rapid growth of buy now, pay later are two more that directly impact revenue.
Why Open Banking Is a Must-Have for U.S. Financial Institutions
Increasingly consumers want solutions to their money challenges and they don't care if it comes from a bank, a fintech or some combination.
Will Regulators Stuff the Fintech Genie Back into the Bottle?
'Synthetic banking' as practiced by fintechs and banking as a service users is targeted by the acting national bank regulator.
Gen Z Stokes Credit Card Growth in Spite of BNPL
Wait, wasn't Gen Z supposed to be 'debt averse'? New research paints a more nuanced picture as new card accounts surge.
Consumers Ditch Branches and Use Digital Channels for Home Equity Applications
A rebound in secured consumer credit is coming but financial institutions unable to offer mobile and online applications will lose.
Small Businesses Demand Great Mobile, Account Managers & Branches
People and branches are costly, but they help counteract the trend to fragmentation of finance, at least among business customers.
Central Bank Cryptos and the Critical Issues Behind A High Stakes Debate
'CBDCs' would enable the fastest payments yet, but under some scenarios banking's role would be reduced significantly.
CFPB Cracks Down on Big Techs’ Consumer Payment Data Practices
Amazon, Apple, Facebook, Google, PayPal and Square must turn over payment system plans to the regulator and answer detailed questions.
Justice Department Sets Major Fair-Lending Enforcement Push
Banks and credit unions must evaluate marketing, branch and lending strategies as the Attorney General targets redlining in mortgage markets.
The Real Risks and Hidden Costs in the Buy Now Pay Later Game
As financial institutions pile on the BNPL bandwagon, Fitch Ratings issues warnings about the potential consequences of this trendy product.
CFPB’s New Director is No Fan of Banks
To appease the Progressive Left, the Biden administration continues to appoint regulators likely to make life difficult for banks.
People Who Needed Covid Help Are Actually a Good Source for Loans
Cash-rich consumer lenders looking for additional borrowers may not have to look as far afield as they think.
The Impact Soaring Inflation (Short Term or Long) Could Have on Banking
With inflation surging for foreseeable futures, the banking industry faces potential shocks to loan demand and increased rate risk.
Payments Innovation Explodes, Sparked by Pandemic Disruption
Customers increasingly seek a frictionless experience. This growing demand has sparked the launch of one-stop financial ‘super apps’.
Major Card-Issuing Bank Takes on Fintechs with Its Own BNPL Plan
Facing intense competitive pressure, more and more financial institutions are jumping onto the BNPL bandwagon before it's too late.
Startup Bank Goes All-In Gambling on a Niche Market
Seeking long-term large deposit relationships Lexicon Bank balances compliance duties with marketing itself as a home for poker professionals.
Customers Bank Pursues High-Tech, Branch-Light National Strategy
Next-generation management puts more chips on digital for all customers, but sees a critical role for humans on the business-banking side.
