Expanding on last year’s announcement, the recent development marks the official consumer launch of the Visa+ service with inaugural partners PayPal, Venmo, and DailyPay.
In addition to improving consumer experiences in P2P transactions, Visa+ also offers cross-platform interoperability for B2C payment flows via its APIs.
Net Interest Income took a downturn for some of the incumbent banks, impacting their financial performance in the first quarter of 2024.
While some of the big banks experienced growth in non-interest income this quarter, too, the impact of decreased Net Interest Income on revenues can ratchet up the focus to reduce costs and maintain earnings.
We often think of technology as a driver for innovation in the financial industry. The word “technology” is in some ways synonymous with new and better. But not all technology pushes the envelope further for FIs.
We look at the cross-section of the industry to see how different FIs are navigating the question of technology in different areas such as retail, SMBs, and payments.
In a rapidly evolving financial landscape, the emergence of Gen Z as a pivotal demographic is reshaping the priorities and strategies of financial institutions.
Tearsheet's editorial team explores the challenges and opportunities faced by banks in adapting to the preferences of Gen Z, alongside engagement strategies employed by neobanks, and unconventional partnerships for enhancing financial literacy