The tie-up with a fintech specializing in identity verification and compliance solutions helps the open-banking provider stay ahead of regulatory action that will reduce its product differentiation.
Article
| Jan 21, 2022
Brex and Novo in the US, along with Qonto in France, have closed on funding rounds that they could use to make broad lending plays that could threaten incumbents.
Article
| Jan 12, 2022
Article
| Jul 11, 2022
On today's episode, we discuss the different types of cryptocurrency, the significance of paying with it, and what's most likely to drive adoption. "In Other News," we talk about the most significant short- and- long-term changes of the fintech bubble bursting and how neobanks plan to actually make some money. Tune in to the discussion with our analysts Grace Broadbent and David Morris.
Audio
| May 24, 2022
Article
| Feb 16, 2022
This time, it’s the former CEO of the world’s largest bitcoin and altcoin crypto exchange.
Article
| Nov 29, 2023
This Banking & Payments Show episode explores new cash-back credit card features and their appeal. We discuss a CNBC article on merchant rewards, highlight a feature 58% of consumers find extremely valuable, and debate the merits of these features versus more cash-back rewards.
Audio
| Nov 28, 2023
The neobank launched the Ultra card, which offers travel, lifestyle, and investment perks. But stiff competition will pose a challenge.
Article
| Jun 20, 2023
The news: Transfers of paper-based funds—cash and checks—remain important despite the rise of digital banking, per a pair of PYMNTS reports. Staying power, at a glance: One piece of evidence is the persistent use of ATMs for banking.
Article
| Mar 22, 2022
The news: Companies are more optimistic about consumers’ level of trust in their technology than consumers themselves are, per data published by PYMNTS—and this mismatch in perception has significant implications for digital-banking relationships.
Article
| Jan 11, 2022
Chairman Martin Gruenberg faces calls for his resignation.
Article
| Nov 22, 2023
It’s trying to mitigate the growing threat that card networks face at the online point-of-sale from open banking.
Article
| Apr 6, 2023
JPMorgan’s digital-only bank plays in a market with strong neobanks and support for open banking. That could spur globally applicable innovation and best practices for its parent.
Article
| Dec 15, 2021
Consumers were most comfortable when they felt their financial institution would protect their assets. Incumbents could have an outsized influence over consumers’ adoption of open banking.
Article
| Nov 4, 2021
The Europe-based neobank’s acknowledgment of an increasingly apparent reality and its soft retreat could indicate other foreign neobanks are struggling to crack the US market.
Article
| Nov 16, 2021
Open banking lets UK customers move money to their new current account on the same day they open it.
Article
| Aug 26, 2022
People don’t trust fintechs with open banking: Here’s what fintechs can do to improve their image and their credibility.
Article
| Dec 28, 2021
The most informative sessions unpacked providers’ increased alertness around fraud, the next era of BNPL, attendees’ excitement over open banking innovation, and fintechs’ efforts to align with regulators.
Article
| Oct 27, 2022
Green neobank talks the talk, but does it walk the walk? Aspiration’s actual performance lags its promotion of itself as environmentally friendly. The reputational risk it’s facing is a warning to banking players that market ESG heavily.
Article
| Nov 19, 2021
On today's episode, we break down everything there is to know about banking and the Gen Z demographic. In our “Headlines” segment, we discuss the article our analyst Tyler Brown published a few weeks ago about Greenlight, a neobank for kids, teens, and families. In “Story by Numbers,” the conversation revolves around why Gen Z is different from other generations and how banks need to cater to their mobile preferences. And in “For Argument’s Sake,” host Rob Rubin takes the position that in 10 years, there will be fewer than 500 consumer banks. Tune in to the conversation between Rubin and analysts Tyler Brown and Tiffani Montez.
Audio
| Apr 17, 2023
Chime was the most downloaded US mobile banking app in 2021, with 12.8 million downloads, up 16% from 2020. Other neobanks had a huge year as well: Current posted 67% growth in downloads, and Varo skyrocketed to 10th place with a 529% increase. That said, traditional banks took the rest of the top five positions.
Article
| Feb 10, 2022
Watch the on-demand replay of our webinar, The US Mobile Banking Benchmark, as we discuss top mobile features that customers crave, how demand for these features differs when cut by key segments, and how banks and neobanks are measuring up in meeting customer demand.
Video
| Apr 25, 2022
SoFi aims to become the AWS of banking services: The US neobank plans to acquire cloud-based core-banking provider Technisys and pair it up with banking-as-a-service (BaaS) subsidiary Galileo.
Article
| Feb 23, 2022
A US neobank is offering a simple onramp to crypto that targets Hispanic users. Could it pave the way for using digital assets in cross-border payments?
Article
| Jan 4, 2022
The UK-based neobank can now jump into Australian lending and it has acquired an Indian company that offers multicurrency accounts and remittances. But what does it all add up to?
Article
| Feb 16, 2022