Banks Tap Fintech Partners to Address Embedded Banking Threat
Formerly foes, fintechs now can be a lifeline through partnerships that enable banks to deliver banking-as-a-service and embedded finance.
Formerly foes, fintechs now can be a lifeline through partnerships that enable banks to deliver banking-as-a-service and embedded finance.
SoFi, Lending Club, Marcus, U.S. Bank and Wells Fargo already vie for unsecured personal loans. Rising demand may create more opportunity.
The OakNorth neobank+fintech model confirms that banking and technology are increasingly inseparable. It may prove to be a template.
Banks must create an easy and efficient digital experience and differentiate their brand by using data and insights to increase engagement.
Neobank growth has reached a turning point: Nonbank startups have peaked, but disruption from bank-created neobanks is just beginning.
Record levels of home equity beckon lenders hungry for growth. But they must remember that home prices also go down.
To avoid ceding the fast-growing buy now, pay later market to a few aggressive fintechs, banks should focus on partnering and niche markets.
The proliferation of neobanks raises questions about customer cost of acquisition and profitability, with implications for traditional banks.
Now that consumers' financial conditions and work/life priorities have changed, banks and credit unions must recalibrate customer experience.
Cardholders want timely insights into their spending habits. Unclear and misleading data gets in the way. Here's how to overcome that.
Mobile wallets may have cachet, but they can be clunky to use compared to tapping a contactless card, making payment habits slow to change.
New social media monitoring apps plus the free Google Alerts tool provide bank marketers with valuable competitive intelligence.
Manual tasks across channels is costly. And while AI is hot, there’s a simpler way to bring efficiency that many bankers have overlooked.
Read More about The New AI: A Banker’s Guide to Automation Intelligence
Banks often regard prepaid cards as high risk/low reward. In fact, prepaid technology is now being used to create digital products quickly.
The funding is coming in strong for fintech firms, who are competing for (and winning) consumer relationships from legacy banking providers, says Philippe De Backer and Juan Gonzalez from Arthur D. Little.
Mobile apps ultimately are about service, not technology. Can yours deliver like Chime, Dave, MoneyLion and HMBradley?
Tapping AI's banking potential has barely begun, but its impact on CX, operational efficiencies, and lending will be profound.
Growing fraud in P2P payments is creating reputational risk for banks that fail to address it. Washington and the media have taken notice.
Effective use of data is key to innovation, enabling banks to meet the digital expectations of small businesses and to partner with fintechs.
Great customer experience alone won’t keep customers from joining fintechs. Banks must use data to build an emotional bond based on outcomes.
A successful credit card strategy must be based on three essentials: tailored products, mobile technology and financial education tools.
Banks face new anti-discrimination scrutiny in all product areas, including deposit-account marketing, that goes beyond usual credit rules.
Apple is on its way to becoming the one-size-fits-all banking provider, as it expands past just payments products, says global fintech advisor Efi Pylarinou.
See how PwC's Industry Cloud for Banking can help solve everyday business challenges.