A PYMNTS report outlines how banks and third-party financial services companies can remove an impediment to winning over consumers’ trust by improving data-consent processes.
Article
| Dec 6, 2021
After facing regulatory scrutiny for some major missteps, it plans to focus on other areas of business—and that’s one less lender in the shrinking student loan market.
Article
| Dec 8, 2023
Its hypersegmented approach, specifically targeted at immigrants, is actually similar to broader US consumer preferences: A new survey from Citizens shows that while 90% of individual respondents use digital banking, 63% would rather conduct certain activities in person.
Article
| Dec 8, 2021
When shown a variety of security features, neobank users were more than twice as likely as incumbent bank users to say none of the features would make them feel more secure when using digital banking. We see a trend of neobanks and fintechs leaning on a banking license to earn—or rather buy—that trust. Here we look at three different digital players’ pursuit of a banking license. Why get a license?
Article
| Sep 21, 2022
The big takeaway: ComplyAdvantage highlights a significant problem for digital banking players: They may want to act fast, but they can’t treat their legal obligations as lower priorities. This tension is also on the minds of financial services professionals.
Article
| Nov 18, 2021
Insider Intelligence’s forecast estimates a 62% decrease in new neobank account openings, and a 44.6% drop in all digital account openings.
Article
| Oct 27, 2022
Open banking eliminates many of A2A payments’ pain points, making them an even more attractive option for merchants.
Article
| Apr 14, 2022
GoCardless and Clear Books launched open banking-powered payment solutions that can help speed up the payment process and minimize card fees.
Article
| Jun 22, 2022
Steve Smith talked with Insider Intelligence about how social media companies can build financial trust and what open banking can do for web3.
Article
| Feb 4, 2022
Green Dot strikes open banking deal with Plaid: Green Dot’s neobank customers gain data-sharing capabilities for 6,000-plus outside apps. Are its banking as a service (BaaS) clients next?
Article
| Mar 16, 2022
On this episode, we discuss neobanks’ primary revenue streams, their sustainability, and insights from Insider Intelligence's "US Banking Digital Trust Benchmark 2022" report. In “Story by Numbers,” we pick four numbers to tell the story of the growth and health of neobanks. And in “Inside Baseball,” we run through which neobank players are heading to the big leagues and which are destined for a life in the minors. Tune in to the discussion with host Rob Rubin and our analyst Tiffani Montez.
Audio
| Sep 27, 2022
Neobank funding bonanza shows promise still outweighs profitability—for now: Globally, challengers brought in large funding hauls that signaled investors’ continued confidence in the space. But their patience in the face of commoditization and unprofitability won’t be endless.
Article
| Dec 22, 2021
Proposed open banking guidance allowing consumers to share financial data with third parties is reportedly delayed by concerns over safeguarding data.
Article
| May 5, 2022
Some banks want to enable Zelle at big merchants, potentially to prepare for open banking disruption.
Article
| Apr 7, 2022
The German neobank will pursue growth in established markets and make a push into Eastern Europe. This prioritization clarifies its strategy and is in line with other big challengers.
Article
| Oct 19, 2021
This time, it’s the former CEO of the world’s largest bitcoin and altcoin crypto exchange.
Article
| Nov 29, 2023
Its fintech is out of stealth mode and is making acquisitions to build a neobank that will call itself as ONE. Its scaling potential makes it a threat to US banking players.
Article
| Jan 27, 2022
Apple acquired UK-based open banking fintech Credit Kudos—here’s what it can do with the new tech.
Article
| Mar 24, 2022
Public comments revealed that many feel like the plan for banks and card companies falls short.
Article
| Jan 31, 2023
Article
| Feb 1, 2022
Monzo follows a slew of its global peers in winning a big funding round. Now these players must make smart spending decisions that demonstrate their maturity to investors.
Article
| Dec 10, 2021
Neobanks and kid- and teen-focused fintechs are developing apps to attract young users as part of a combined digital and physical approach.
Article
| Sep 28, 2022
Carolyn Feinstein sees the chartered neobank’s still relatively low consumer awareness as an opportunity, not a handicap. She tells us why.
Article
| Dec 29, 2021
Article
| Jul 12, 2022
A Mastercard survey suggests that superior trust gives banks a leg up in the race to pitch consumers on sharing their financial data.
Article
| Dec 17, 2021