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10-Q

Weekly 10-Q: Stepping into the ‘Banking-as-a-Service’ realm: 3 questions with Simon Khalaf, CPO at Marqeta

  • Marqeta's Chief Product Officer tells us what went behind the company’s move to step into the BaaS realm beyond its card issuing business.
  • And, the Federal Reserve has rolled out the price schedule that banks will pay for its new instant payment system, FedNow, in 2023.
Sara Khairi | November 21, 2022
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Weekly 10-Q: Stepping into the ‘Banking-as-a-Service’ realm: 3 questions with Simon Khalaf, CPO at Marqeta

 

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10-Q, Member Exclusive

JPM’s solid Q2 performance is followed by modifications to its card transaction policy

  • JPM's second-quarter earnings report from the Friday before last was followed by new changes to its card payment policy last week.
  • This strategy may be driven by the bank’s expectation of upcoming credit losses, aiming to reduce defaults by guiding customers toward its own financial products.
Sara Khairi | July 22, 2024
10-Q, Member Exclusive

The end of free banking? 

  • JPM's Marianne Lake is cautioning that the bank may start charging for services that are currently free, such as checking accounts and wealth management tools.
  • Many interpret the announcement as a strategic power play at the intersection of politics and economics, effectively shifting the burden onto consumers.
Sara Khairi | July 15, 2024
10-Q, Member Exclusive

AI is a theme every week, but what made this week different?

  • With AI constantly in the conversation, we look at some of the recent developments in the field that have stood out this week.
  • Nubank acquires data intelligence firm Hyperplane and PayPal appoints a Walmart executive as CTO to enhance its AI capabilities. On the flip side, banking jobs could face increased vulnerability due to AI.
Sara Khairi | July 01, 2024
10-Q, Member Exclusive

‘In health but not in sickness’: Wells Fargo might be having second thoughts about its partnership with Bilt

  • Wells Fargo and Bilt's partnership over the co-branded credit cards appears to be teetering on the brink of trouble.
  • The scenario is seemingly advantageous for the other two parties involved — Bilt and consumers — but less so for Wells Fargo, which naturally aimed to gain more than it stood to lose.
Sara Khairi | June 24, 2024
10-Q, Member Exclusive

Challenger or collaborator: Affirm’s BNPL is on its way to joining Apple Pay

  • The collaboration between Affirm and Apple is different, particularly because Apple also provides its own direct-to-consumer BNPL service.
  • The Affirm-Apple partnership offers positive outcomes for both firms given Apple Pay Later does not directly challenge Affirm's BNPL offering.
Sara Khairi | June 17, 2024
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