Daily

Daily Tearsheet: Credit Karma’s new cash back rewards program, Money 20/20 takeaways, and the challenges of ESG reporting

  • Tearsheet's daily coverage looks at Credit Karma's move deeper into payments and rewards -- this time, with a debit card.
  • Also, ESG and our takeaways from Europe's biggest fintech conference.
close

Email a Friend

Daily Tearsheet: Credit Karma’s new cash back rewards program, Money 20/20 takeaways, and the challenges of ESG reporting

Tearsheet provides daily summaries of the top news stories and events, like this piece, in a nifty, neat, nicely-packaged daily email. Stay informed. Subscribe here.

Credit Karma’s introduces new cash back rewards program for debit consumers

Credit Karma Money is launching cash back rewards for debit card owners, which will be enabled automatically on all Money accounts.

The program will be powered by the Cardlytics cashback platform, whose network of 10,000 local merchants and national chains will reward customers with real cash in their accounts every time they make a purchase.

Consumers will be able to reap rewards for paying with the Credit Karma Visa debit card at stores like Adidas.

Read more

Tearsheet Podcast: Takeaways from this year’s Money 20/20 Europe

Taking place on June 9, Money 20/20 Europe is the largest European fintech conference of the year.

Tearsheet’s Iulia Ciutina and Rebecca Cohen both traveled to Money 20/20 Europe earlier this month. They sat down with Tearsheet’s podcast host and editor-in-chief Zack Miller, to discuss what they saw, learned, and experienced.

Listen / read more

Given the lack of standardization, how should FIs think about ESG reporting?

Currently unregulated and unstandardized globally, ESG is becoming an increasingly confusing arena. And as the financial industry gets more involved in this field, questions and issues are mounting.

There is no doubt that creating a well-defined global framework for ESG and sustainability factors will bring more accountability to the financial sector. 

Regarding quality, the lack of ESG reporting standards leads to a lot of differences when trying to compare companies. The quantity aspect relates to the fact that, given the lack of standardization, companies are free to report the information they feel is most important.

Read more (exclusive to Outlier members)

Just look at the charts

1. Payment initiation and management top the list of common banking functionalities

Source: Innopay

2. Growth trajectory of different industries in 2022

SourceOyster

Today’s stories

Stripe expands global infrastructure for bank transfers
Stripe is making its bank transfer offering available to businesses in the UK, EU, and Mexico — the global infrastructure promises to take the friction out of bank transfers, saving businesses hundreds of hours on confirming transfers, reconciliation and accounting, and refunds (Finextra)

TD Lab is open-sourcing its TD Equity Resource Hub
Canadian bank TD is open-sourcing its Equity Resource Hub rolled out by TD Lab earlier this year, which is a digital platform that helps integrate diversity, equity, and inclusion into all stages of product and service design (Finextra)

Growth can be deceiving: the end of neobank era?
In some respects, 2021 was a good year for neobanks in the US that grew by a little more than 10 million accounts in 2021, from 23.3 million to 33.5 million — however, despite the positive growth numbers, recent neobank news has not been encouraging (Forbes)

Cheese Financial’s core mission goes beyond Chinese immigrants
The majority of Cheese neobank users are first- and second-generation Asian-Americans who have settled in the U.S., as well as students. However, the firm’s CEO says that a significant number of Hispanic customers have been attracted to the challenger bank’s offerings lately (The Financial Brand)

Stay ahead of the game with Outlier — Tearsheet’s exclusive members-only content program and join the leading financial services and fintech innovators reading us every day.

0 comments on “Daily Tearsheet: Credit Karma’s new cash back rewards program, Money 20/20 takeaways, and the challenges of ESG reporting”

Daily

Daily Tearsheet: Banks’ role in the climate crisis, greenwashing on Wall Street, and DataDay Conference 2022 videos

Sara Khairi | June 24, 2022
Daily

Daily Tearsheet: A day in the life of MX’s VP of product, and is the ‘Apple Pay Later’ hype warranted?

  • It's always interesting hearing about how professionals spend their time and what propels them to the top of their games.
  • Also, our new Banking on the Planet Conference and an Outlier Briefing that looks at Apple's new BNPL product.
Sara Khairi | June 23, 2022
Daily

Daily Tearsheet: Say hello to Microsoft’s alternative to Excel, Amount and Stilt on the future of lending as a service, and the SMB Brexit

  • Microsoft is recommending a new alternative to its Excel-centric PFM.
  • As Brex abandons SMBs, lending as a service is filling in the void.
Sara Khairi | June 22, 2022
Daily

Daily Tearsheet: Chase CPO on the transformation of traditional banking, how the microchip shortage is affecting payments, and the SMB/fintech fairytale

Sara Khairi | June 20, 2022
Daily

Daily Tearsheet: Klarna and the future of BNPL, and DAOs are gaining traction with consumers and regulators

Sara Khairi | June 17, 2022
More Articles