Challenger banks have become all the rage recently with big fundraising rounds and innovative products; American Banker takes a look...
As financial services continues to become more digital there are a number of lessons they can take from leading companies...
American Banker puts together a slideshow on the key trends in digital banking; some of the trends include more customers using digital payments, digital banking adoption is increasing globally, consumers are not happy with PFM options offered by banks and overall banks are still highly trusted for managing money. Source.
Gabriella Kinder, head of alternative credit at NN Investment Partners, writes a piece in AltFi focusing on where the lending gap is since the end of the financial crisis; she explains that the lending gap has been reduced and alternative lending has opened up opportunities; while banks are in better shape they still face challenges on the digital front and credit has been increasing since the start of 2015; overall the gap has reduced and new opportunities have opened up as finance has become more diversified and digital in recent years. Source.
Kirsten Gillibrand and Cynthia Lummis release the long-awaited strategy that favors the CFTC as a watchdog and wipes away tax worries from buying things with cryptocurrencies.
KeyBank has announced the acquisition of Laurel Road Bank’s digital lending business, stating that the deal will enhance its digital...
Explosive growth is predicted for embedded banking in both payments and lending, helping to regain business lost to fintechs.
Invesco's digital wealth platform for financial advisors, Jemstep, is partnering with the retail broker dealer and investment arm of American financial services company KeyBank; this is the second big piece of news for Jemstep, they recently signed a deal with a network of US financial advisors called Advisor Network; Jemstep is a white label platform for financial advisors to offer their clients; Simon Roy, president and CEO of Jemstep, told AltFi’s Robo Advice News, "Jemstep is proud to partner with Key Investment Services (KIS) to deliver both a quality digital solution to help clients meet their financial goals and an efficient service that integrates within KIS's existing middle and back-office processes." Source
GoHenry released their 2022 Youth Economy Report on kids ages 7- 18, finding US kids earned $26 billion through chores and allowances.
GoHenry released their 2022 Youth Economy Report on kids ages 7- 18, finding US kids earned $26 billion through chores and allowances.