Banking

Banking

Wise digital money transfer
Banking Disruptive Technologies Fintech

Wise, Google Pay partner for inexpensive cross-border money transfers

By Jeff Domansky, May 11, 2021 A new partnership of Wise and Google Pay means US mobile wallet users can send money to friends and families across borders cheaper and faster. The launch lets Google Pay users in the US send money to Google Pay ...
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FIs challenged by fintechs
Banking Fintech

As technocracy pillages payments, banks must prioritize responsible fintech

By Richard Steggall, Urban FT, May 10, 2021 When it comes to digitization and technology adoption, banks and credit unions have been thrown into the lion’s den. Sparring with tech giants and innovative startups to defend increasingly disputed territory in financial services, much of the ...
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Afraid of our finances?
Banking Payments Research Payments Trends

How big is our fear of financial fees?

By Jeff Domansky, April 19, 2021 April is National Financial Literacy Month in the US, and we can all forget about the fear of missing out (FOMO) on financial literacy. It looks like most consumers have a massive fear of financial literacy, according to research ...
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co-branded credit cards
Banking Loyalty Payments Trends

Do we need Instacart & DoorDash credit cards?

By Jeff Domansky, April 9, 2021 Grocery delivery app Instacart and restaurant delivery firm DoorDash are both planning to issue credit cards soon. Two questions come to mind for both businesses and consumers. First, do we need more branded credit cards? Second, what’s the ROI ...
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Dwolla adds real-time payments
Banking Payments Technology

Dwolla launches real-time payment options for business

By Jeff Domansky, April 6, 2021 Fintech payments provider Dwolla launched real-time payment services for businesses of all sizes in partnership with Cross River Bank. Businesses can now integrate Dwolla’s payment API to connect with RTP-enabled financial institutions and send funds within seconds to a ...
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Walgreens Bank
Banking Payments Trends Retail

Walgreens Bank? Coming soon to pharmacies near you

By Jeff Domansky, March 30, 2021 Nine thousand new bank branches will open soon in the form of US in-store and online financial services courtesy of Walgreens. The US drugstore chain announced that pharmacy customers will soon be able to open a Walgreens bank account ...
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AP AR automation
Banking Fintech Payments Technology

Beanworks acquisition highlights payments automation growth

By Jeff Domansky, March 23, 2021 The purchase of automated accounts payable (AP) fintech Beanworks by Quadient is another sign of the fast-growing global market for payment and receivable automation solutions. Quadient expects opportunities for growth in payments automation with the Beanworks acquisition announced on ...
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TomoCredit Mastercard
Banking Fintech Payments Trends

FICO-free TomoCredit Mastercard launches

By Jeff Domansky, March 18, 2021 Are you struggling to get approved for a credit card? Poor credit score or no credit history? Hate paying high credit card interest rates? That pretty much describes millions of young US consumers or new immigrants without a US ...
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fintech opportunities
Banking Fintech Payments Trends

Post-Covid consumer payment & fintech strategies

By Jeff Domansky, March 16, 2021 The payments and fintech world looks very different today after one year of Covid disruption. The pandemic’s economic, work and health impacts created a perfect storm of challenges, business opportunities, and the financial industry. As a result of massive ...
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financial market disruption
Banking Fintech

Payment, Non-bank Lenders Loan More Than Traditional Banks

By Jeff Domansky, March 4, 2021 When it comes to business loans, non-bank lenders have jumped out ahead of traditional banks as the fintech revolution disrupts the financial services industry. Last month we analyzed PayPal’s outstanding 2020 financial results and its growth as the payments ...
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