US personal savings rate increases due to lowered spending amid social distancing - Business Insider
The US personal savings rate increased from 8% in February to 13.1% in March due to lowered spending from social distancing.
US Banking Digital Trust Study from Business Insider - Business Insider
The US banks with the highest levels of digital trust in 2020 are PNC, Chase, and Citibank, according to our inaugural Banking Digital Trust study.
Goldman Sachs sees higher loan deferral opt-ins than competitors - Business Insider
Goldman Sachs has seen between 10% and 20% of its consumer loan customers request payment deferrals across its Marcus and Apple Card products.
Chase Q1 earnings reflect crisis preparation - Business Insider - Business Insider
Chase has reported earnings for Q1 2020, and its results are already beginning to show the profound effects of the ongoing coronavirus crisis.
The Monetary Authority of Singapore rolled out $88M support package - Business Insider
The MAS $88 million funding package aims to help banks and fintechs navigate current market conditions and drive growth within financial services.
Wells Fargo asset cap is preventing an additional $384B of loans - Business Insider
Wells Fargo has the capacity to lend an additional $384 billion to consumers and businesses, but it can't due to the asset cap imposed by the Fed.
Goldman announces consumer growth targets at investor day - Business Insider
At its first-ever investor day, Goldman Sachs announced its plans to grow consumer deposits to at least $125 billion over the next five years.
PayU has acquired a controlling stake in digital lending platform PaySense - Business Insider
Payments company PayU has acquired a controlling stake in digital lending platform PaySense at a $185 million valuation.
Nine in ten UK consumers struggle with financial literacy - Business Insider
Nine in ten UK consumers feel they are undereducated in terms of personal finance – and fintechs should step up efforts to enhance financial clarity.
Payment Gateways Report: Top Providers & Strategies in 2020 - Business Insider
This Business Insider Intelligence report details the most important aspects of 5 major payments gateway providers and gives insight to the best practices providers should observe.
RateSetter is targeting financial advisors with its new service - Business Insider
RateSetter is targeting financial advisors with its new service, which could help it bypass new peer-to-peer lending regulations.
Contactless payments drive almost as many transactions as cash in Canada - Business Insider
Contactless transactions are a major part of Canada's payments landscape – making up 19.5% of the country's 21.1 billion transactions in 2018.
Social trading platform eToro is planning to launch its own debit card next year - Business Insider
eToro plans to roll out a debit card in Q2 next year – allowing users to spend their eToro earnings via the card and set up recurring payments.
UK regulators take a hard line on outages - Business Insider - Business Insider
Major UK financial regulatory bodies have put out a shared policy summary aimed at preventing prolonged tech problems in the banking sector
Apple Card is now offering 3% rewards on purchases made at Walgreens
Apple Card will now give customers who use Apple Pay 3% rewards on purchases made at Walgreens – marking the tech giant's second retailer partnership.
Apple Pay adoption is lagging in the US — but Apple Card could change this
Apple Pay's adoption in the US is lagging— we think the introduction of Apple Card and contactless transit payments could change its fortune.
Bakkt secures regulatory approval to roll out Bitcoin futures
Bakkt will be the first to offer physical Bitcoin futures – opening the door for a flurry of institutional investments in cryptos.
The future of retail, mobile, online & digital-only banking technology
Banks around the world are taking advantage of new technologies to streamline their operations and give their users a better experience. Here is what the future of banking holds.
The digital trends disrupting the banking industry in 2019
The banking industry plays a huge role in the global economy and is undergoing a huge technological shift. See the digital banking industry trends of 2019.
Bottomline's new suite of commercial banking solutions includes AI and open bankings APIs
Bottomline Technologies is using artificial intelligence and machine learning to provide banks with an in-depth analysis of customer relationships.