Ease of Switching in Fintech Era Jeopardizes Loyalty to Banks
Primary institution satisfaction is strong, but new data shows switching activity is rising as people spread their banking business around.
Primary institution satisfaction is strong, but new data shows switching activity is rising as people spread their banking business around.
Every bank is wrangling technology to help them be innovative. Here's an inside look at how Chase tackles digital with a unique strategy.
Neobanks that crave capital remain wary of losing control in an acquisition with a big corporation. They remember Simple and Azlo.
The trend isn't the end of relationship banking, but partnering and a niche market focus will be essential, especially as CRE lending slows.
Mortgage-as-a-service gets a big boost, giving community financial institutions new options, and confirming the value of a human connection.
Having achieved wide adoption, fintechs are now building a holistic ecosystem. Banks have much to gain in this process if they move quickly.
'Synthetic banking' as practiced by fintechs and banking as a service users is targeted by the acting national bank regulator.
Facing intense competitive pressure, more and more financial institutions are jumping onto the BNPL bandwagon before it's too late.
Signs point to stricter rules for how nonbanks can use banking terms in their apps and marketing, complicating banking-as-a-service deals.
Many financial institutions fail in an area of rising importance to consumers. The key is to move from budgeting tools to contextual advice.
Small and midsize financial institutions need to embrace “conscious banking” – becoming more like trusted advisors and less product-focused.
Moves involving Plaid and Q2, and Envestnet Yodlee and TD Bank will boost adoption of fintech data sharing by banks and credit unions.
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An inside look at what makes 'buy now, pay later' so hot, from revenue streams to funding – from the perspective of market leader Sezzle.
Current isn't just another fintech. Equipped with all its own technology, the neobank's Gen Z strategy targets legacy institutions.
Despite progress in analytics, data-driven decision-making lags, especially with SMB customers, making them susceptible to poaching.
Banking as a service is hot and getting hotter. Here’s why you might want to jump on the BaaS train while it’s still in the station.
Brex aims to build a vast customer base of small-to-midsize businesses, which it says are underserved by traditional institutions.
Personalization via 'Netflix-style' banking, financial gamification, and super-app strategy will help traditional institutions adapt.
The offering (which also involves Green Dot) draws on heavyweight marketing and technology expertise targeting the lucrative SMB market.
Here are the digital players with a huge impact on key market segments in financial services — both established players and up-and-comers.
New data confirms that consumer loyalties are shifting rapidly to large fintechs like PayPal, and that digital payments are a key reason.
Payments giant plays middleman in encouraging partnerships – versus war – between fintechs and banking providers. (P.S. It also benefits.)
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