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.
Online Grocery Shopping Industry in 2020: Market Stats & Trends - Business Insider
Business Insider Intelligence looks at the growing online grocery shopping market and delivery trends in the industry to look out for in 2020 and beyond.
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.
AT&T sets its future course after Q4 earnings - Business Insider - Business Insider
AT&T's mediocre Q4 2019 earnings shed light on the company's plan to intertwine its media and connectivity businesses while reducing its debt.
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.
In-Store Personalization Report: Retailer Personalization in 2020 - Business Insider
In this report, Business Insider Intelligence analyzes how physical retail's personalization is being outperformed by e-commerce's, and examines the value personalization holds for brick-and-mortar in particular.
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.
Physical branches might not be a lost cause for banks - Business Insider
Physical bank branches are on the decline, but banks don't have to sacrifice branches if they adapt them to the digital age.
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.
Revolut and N26 are bringing premium accounts to new markets - Business Insider
Revolut and N26 both launched premium products in new markets, which could help them get closer to profitability.
Robinhood hit with fine for trading practices - Business Insider - Business Insider
Robinhood was fined $1.25 million by the FINRA over concerns that it didn't provide users with the best deal on their trades.
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