Category: BI Intelligence Content Marketing
Declining insurtech funding and deals also bring M&A alternatives
The pattern: Funding for insurtech companies within the third quarter of 2022 fell to its lowest stage in additional than two years amid a wider slowdown for insurance coverage funding and deals. CB Insights’ Q3 State of Insurtech report discovered that: In Q3, insurtech companies raised $2.3 billion for the weakest quarter since Q220. Funding dipped by simply 4% quarter-over-quarter (QoQ) however was nonetheless properly beneath the record-high ranges of…
Increased revenues, low valuations, and regulatory approval: Bank-fintech partnerships have a moment
The information: With the US Treasury’s approval of banking and fintech partnerships, banks are in a prime place to scoop up fintechs at cut price costs. Approvals, however with warnings: The US Treasury issued a report this week assessing the affect of non-bank entrants on competitors within the shopper monetary markets. The report reached a variety of optimistic conclusions concerning the large development of fintech companies over the previous few years, but in…
Square and American Express credit card taps small-business segment
The information: American Express and Block’s Square will launch a small-business credit card for US sellers, per a press launch. The Celtic Bank-issued card shall be powered by i2c and will function on the Amex community. Why it issues: The Square credit card addresses two main small-business fee developments. Read the unique article on Business Insider Go to Source
How Apple, Google, Amazon, and Twitter seek to disrupt finance
The roundup: Big Tech companies have confronted a tricky couple of weeks, with valuations plunging and a raft of layoffs. Nevertheless, many are nonetheless continuing with their push towards providing monetary providers. If these companies can climate the financial storm, the merchandise they launch nonetheless have potential to shake up the business. Here are Big Tech companies’ newest strikes in banking and finance. Read the unique article on…
Binance bails out on FTX rescue deal, sending shockwaves through crypto sector
The information: The world’s largest cryptocurrency alternate Binance will stroll away from its nonbinding rescue deal to purchase competitor FTX after a surge in withdrawals led the latter to a liquidity disaster. Read the unique article on Business Insider Go to Source
UK Banks still need to work on matching their mobile apps with customer demand
The analysis: According to our forecast, mobile banking app use will lengthen to over half of the UK inhabitants by 2026. Though banks’ tech spending will proceed to develop, it is going to be at a a lot slower tempo than this yr’s spike. Now is the time for banks to put money into mobile capabilities. Read the unique article on Business Insider Go to Source
US unbanked households reached a record low of 4.5% in 2021
The information: In 2021, the quantity of unbanked households in the US reached its lowest degree for the reason that Federal Deposit Insurance Corporation (FDIC) started conducting the biennial Survey of Unbanked and Underbanked Households. Financial help was the important thing driver: The survey revealed that 4.5% (5.9 million) of US households did not have a checking or financial savings account in 2021. This proportion is the bottom quantity recorded…
Why the next wave of BNPL may be closer than you think
What went down: At an invitation-only dinner on day two of Money20/20, Dan Van Dyke, VP of financial services content at Insider Intelligence, talked about all things buy now, pay later (BNPL) with a group of executive attendees. More specifically, he posed the pertinent question: Where’s BNPL headed? The environment: It’s no secret that players in the BNPL space and the wider fintech industry find themselves “in the eye…
‘Diversity is innovation’: U.S. Bank talks fintech partnerships with Goalsetter
Money20/20 session: Leveraging Partnerships for Insightful Product Design Speakers: Gregory Cunningham, chief diversity officer, U.S. Bank; and Tanya Van Court, founder & CEO, Goalsetter; moderated by Tiffani Montez, Principal Analyst, Insider Intelligence Read the original article on Business Insider
Court rules CFPB’s funding structure is unconstitutional, potentially stripping it of its authority
The news: New Orleans-based 5th U.S. Circuit Court of Appeals ruled the Consumer Financial Protection Bureau’s (CFPB) funding structure unconstitutional, per Banking Dive. A divided response: In most cases, federal agencies are funded by annual appropriations from Congress. This ruling hinges on the CFPB receiving its funding from the Federal Reserve, which isn’t funded via appropriation. The court’s verdict has essentially stripped the CFPB of its enforcement authority. Read the original…
Economic uncertainty takes center stage at Money20/20 startup competition
Panel: America’s Got Access: A New Startup Pitch Competition Focused on Doing Good Judges: Dan Rosen, Commerce Ventures; Scarlett Sieber, Money20/20; Charles Hudson, Precursor Ventures; Sherri Haymond, Mastercard. The news: Nine early stage startup founders took the stage on the opening day of Money20/20 to fight for a shot at a $100,000 investment and stage time in front of an audience of venture capital firms and angel investors. Read the original article on Business…