Exclusive Research: Banks are moving too slowly to meet demand for cheaper, faster payments
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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The move came 12 days after Canada's bank regulator said tokenized deposits are not legally distinct from ordinary deposits.
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The banking-as-a-service business model has for more than a decade counted fintechs as its bread-and-butter clients, but as those same fintechs secure their own banking charters, some sponsor banks are narrowing their focus.
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The card network's Wallet Pay is designed to make apps interoperable and available on its merchant network. It's the latest of several moves from Mastercard and Visa that aim to attract banks and merchants into the digital wallet market.
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Payment experts say that in the wake of Walmart supporting more digital wallets, many banks are missing the boat with mobile wallets by not aiming to stay top-of-wallet and by ignoring operational issues.
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The commerce company has made major inroads into embedded finance, a strategy that could get a boost from partnering with the social media giant's new AI agent.
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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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Kristin Smith, president of the Solana Policy Institute, discusses what to expect in the next year in the world of on-chain finance.
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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 i2c - Sponsored by S&P Global
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Partner Insights from Elan Credit Card - Partner Insights from Elan Credit Card
