CNBC’s Mad Money host Jim Cramer interviewed Visa CEO Al Kelly for an eye-opening look at why he thinks payment stocks may be the safest investment play in the financial sector. “Visa has no interest rate risk,” Cramer said. “Visa’s not gonna get crushed if ...
Read more
Banking
Banking
Mitek released a new report ranking the top 20 US retail financial institutions based on the customer experience, quality and features of their mobile banking deposit app and services. The third annual 2018 Mobile Deposit Benchmark Report shows that financial institutions investing in the design, ...
Read more
When cloud security provider Bitglass examined the state of financial services cybersecurity in 2018, it was shocked to see that data breaches of financial institutions had nearly tripled since its 2016 report. In its 2018 Financial Breach Report, there were nearly three times as many ...
Read more
It’s not like Visa and MasterCard haven’t tried to get US consumers to embrace contactless cards. But according to a recent infographic released by Visa, only 0.6% of US consumers used contactless payments as of September 2017. Contrast that with some of the biggest adopters ...
Read more
India’s leading online shopping site Flipkart, now 77% owned by Walmart, launched a cashless credit program that will give shoppers access to an instant credit line of up to Rs 60,000 ($834 USD) to buy products on the e-commerce marketplace. The announcement comes just ahead ...
Read more
Google and four Indian banks will offer Indian consumers instant loans in the ultracompetitive $1 trillion Indian digital financial market. According to a Bloomberg report, “HDFC Bank Ltd, ICICI Bank Ltd, Kotak Mahindra Bank Ltd, and Federal Bank Ltd to offer instant, pre-approved loans to customers right within Google Pay ...
Read more
It’s very surprising the check clearing system in the UK has not kept pace with new technologies in most other markets around the world. By the end of this year, UK financial institutions will all finally adopt a new image-clearing system that replaces a traditional ...
Read more
For the first time in the UK, debit cards have taken over from cash as the consumers’ preference for payments. New research from UK Finance shows consumers made 13.2 billion debit card payments in 2017 compared to 13.1 billion payments in cash. This comes a ...
Read more
Our newsletter today features a new research report from CSI & The Center for Generational Kinetics on millennial banking habits and preferences and how banks can win over and keep these profitable bank customers in a digital, competitive world. We also highlight an excellent profile ...
Read more
Millennials are entering the wealth-accumulation phase of their lives and are driving all major banking trends. A new CSI and The Center for Generational Kinetics research report provides insight into these new millennial banking preferences and behaviors and what millennials now need and want from ...
Read more