Walmart and the Future of Fintech
Neobanks that crave capital remain wary of losing control in an acquisition with a big corporation. They remember Simple and Azlo.
Neobanks that crave capital remain wary of losing control in an acquisition with a big corporation. They remember Simple and Azlo.
What the heck is "DeFi" and "Baas"? Few in banking would admit they don't really understand many of these new buzzworthy trends.
Co-branded GM card, with unique e-commerce potential, is latest foray into banking. Meanwhile, the industry awaits launch of Marcus checking.
Gen Z's attitudes toward finance have shifted since the advent of Covid. Banks and credit unions would do well to understand what's changed.
A consortium of community financial institutions uses 'open' approach to give their customers a 'one-stop-' approach to mobile payments.
Omicron and persistent inflation cloud an otherwise upbeat view of growth in most categories. Home equity credit may be in for a boom.
From BNPL to super apps to real-time trends, payments will send bankers to their pain relievers of choice. But there's also opportunity.
Technology is behind many, but not all, of the trends. Some represent serious operational challenges, others big revenue opportunities.
Some view soaring BNPL as an existential threat to credit cards and traditional bank loans. Others argue there are strong opportunities.
The big fintech is building digital bridges connecting consumer and seller users into a growing ecosystem under the newly named parent, Block.
Faster and cheaper payments designed for ecommerce depend on open banking partnerships between fintechs and financial institutions.
The BNPL giant rolled out a "pay now" option and a charge card, raising big questions about what the future holds for traditional payments.
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Big enough to completely disrupt the payments space, Amazon is flexing its muscles by shunning one of the world's two credit card giants.
Even as people use digital payment apps more often, they still love a slick-looking card that gets noticed when they pull it out.
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.
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.
The data aggregator launched an accounts-based payments ecosystem with the potential to sharply impact both bank revenues and card networks.
'CBDCs' would enable the fastest payments yet, but under some scenarios banking's role would be reduced significantly.
Financial marketers ramp up campaigns to capture holiday spend in a season that is all about cash rewards. But BNPL looms large.
These unconventional growth strategies will increasingly replace historically reliable approaches like retail branches or buying banks.
As financial institutions pile on the BNPL bandwagon, Fitch Ratings issues warnings about the potential consequences of this trendy product.
Financial institutions can't approach the generation that's growing up with BNPL and likes debit cards the same way as Millennials.
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