As institutions look to ease exposure, digital assets are the largest area of concern, according to American Banker Market Intelligence research
American Banker's BNPL Tradeoff Survey finds risk and regulatory fears are leading many banks and credit unions to hold off on offering the lending product.
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Banks are more prone to say artificial intelligence model performance has a high level of risk than credit unions, according to new American Banker research.
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Five payment companies were named as defendants in a case that could set a precedent for both prediction markets and the financial firms working with them.
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The buy now/pay later lender posted its most profitable quarter, but analysts and company CFO Rob O'Hare said there's plenty of room in its addressable market and an opportunity to compete for market share.
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Stripe and Advent had bid to acquire the payments firm for about $53 billion, an offer PayPal's board reportedly rejected. An analyst says that puts pressure on PayPal's new leadership to boost performance.
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Banks are putting money into creating services to keep customers happy, but the thing that will keep customers happiest is out of their control.
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The real value of stablecoins lies in their ability to provide instant and secure transfers of value. But, in a world where every company has a bespoke stablecoin, that promise begins to break down quickly.
The risk facing U.S. banks is not that stablecoins will suddenly siphon deposits through yield alone. It is that deposits will gradually follow utility as financial experiences improve elsewhere.
Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.
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Real-time payments are only one component, Umar Farooq said.
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When a bank thinks of itself as a tech company, a new set of opportunities and challenges becomes clear.
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Partner Insights from Elan Credit Card - Partner Insights from Elan Credit Card
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Partner Insights from Elavon
