• FinTech Growth with SoFi, Chime, Monzo, and Texans Credit Union; Consumer Borrowing Trends; Regulatory Spotlight on Bank/FinTech Risks

  • Aug 8 2024
  • Duración: 4 m
  • Podcast

FinTech Growth with SoFi, Chime, Monzo, and Texans Credit Union; Consumer Borrowing Trends; Regulatory Spotlight on Bank/FinTech Risks

Escúchala gratis

Ver detalles del espectáculo

  • Resumen

  • First up today, we discuss how platforms and neobanks are leveraging direct deposits for revenue growth and customer loyalty, with standout performances from SoFi, LendingClub, Chime, Block's Cash App, and Monzo highlighting the trend.

    In Fintech news, Texans Credit Union has partnered with Atomic Financial and Alkami Technology to launch a new direct deposit switching solution, enhancing digital banking experiences and efficiency for its members.

    Shifting gears, consumer borrowing in the U.S. saw an $8.9 billion increase in June, driven mainly by non-revolving credit like auto and student loans, while revolving credit like credit card debt declined significantly.

    In regulatory news, joint concerns from several regulatory agencies about the risks in bank/FinTech partnerships highlight issues of control and visibility, especially in the wake of events like the Synapse bankruptcy.

    And finally, financial institutions report a significant increase in the adoption of mobile and digital banking services in the second quarter, emphasizing the growing importance of technology in modern banking.
    Más Menos
activate_WEBCRO358_DT_T2
Marketing Economía
Más Menos

Lo que los oyentes dicen sobre FinTech Growth with SoFi, Chime, Monzo, and Texans Credit Union; Consumer Borrowing Trends; Regulatory Spotlight on Bank/FinTech Risks

Calificaciones medias de los clientes

Reseñas - Selecciona las pestañas a continuación para cambiar el origen de las reseñas.

Reseñas de Audible.com

Opiniones de Amazon
No hay comentarios disponibles