In fact, banks under $1 billion saw a tiny rise in deposits. Megabanks saw the most erosion but say retail deposits are mostly stable.
Fintech firms like Klarna, Affirm and PayPal face a brand-new regulatory regime for buy now, pay later plans as bureau clamps down.
The head of the bank-owned P2P payments app says QR code business payments are hot now, and responds to Zelle's high-profile fraud issues.
Marygold & Co. blends banking as a service, investment firm heritage and tech to appeal to 'High Earner, Not Rich Yet' prospects.
After battling to obtain a national bank charter, Varo Bank was forced to contend with Covid, soaring inflation, and an impending recession.
Goldman Sachs predicts continued fall in both home sales and prices, hitting both mortgage and home equity lending hard.
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.
Bank strategies are changing as consumers grow more comfortable with newer tech and with fintech providers of digital banking services.
Digital is dominating financial ad spending, but CFPB has raised concerns that algorithms and AI may be skewing ad targeting.
The profusion of digital banking services has changed the business forever. But outdated concepts are hindering traditional institutions.
As inflationary realities, worries about recession, and potential regulation for fintech BNPL firms increase, Citizens Pay keeps growing.
Merchants' desire to improve customer experience could produce winners and losers among banking payments providers.
In an inflationary economy financial marketers must pivot to thought leadership on social media instead of just hawking products.
Providing supportive content for stressed consumers can be as important as adjusting deposit pricing. Here's what bank marketers are doing.
Sweeping payment-trends study confirms preeminence of mobile money everywhere retail purchases are made. Real-time payments are also surging.
Moving traditional banking to the blockchain is inevitable, some believe, but is complicated by Washington's scrutiny of crypto.
Apple Wallet, Apple Pay, Apple Card, Apple Cash and more on the way. Suddenly the iPhone looks a lot like a lean, mean banking competitor.
Borrowing on credit cards and personal loans kicks up as people seek to deal with rising prices. Is a sharp rise in delinquencies coming?
Drowning people in emails and text messages will drive them crazy. Centralizing control of digital marketing and personalization is a must.
Here's what marketers can learn from Ally's communications strategy amid rising interest rates, soaring inflation and a looming recession.
Inflation, recession, stagflation — nothing in the offing is going to help people get into homes and lenders to book mortgages.
Apple Pay has enjoyed exclusive access to iPhone payments, enabling it to charge banks and credit unions whose customers upload their cards.