Nearly all capital markets firms talk up their ‘cloud-first strategy’, but in most cases, firms have likely migrated just a fraction of their workloads to the cloud. The time is right to accelerate their journeys and break from cumbersome legacy technology setups
Only a third of credit cardholders link a credit card to their Apple Pay or Google Pay accounts. That means the shift to mobile payments during the pandemic led to an unintentional shift to debit spending. That's going to change.
Credit unions only open about 4% of new credit card accounts, underperforming their success in other areas, like auto loans and personal loans, two markets where credit unions have outpaced banks in market share.
Avanti Bank & Trust founder and CEO Caitlin Long was all alone in her Wyoming office today as she tuned into a Zoom chat where her fate, and the fate of a new kind of bank that can handle both dollars and bitcoin, was decided by the Wyoming Division of Banking.
A growing number of Americans infected with Covid-19 are dealing with serious effects months after their initial infection. For some of these individuals, these conditions are disruptive enough that they are finding it difficult or impossible to return to their jobs.
For all their talk of being digital and valuing customer experience, only 49% of North American banks let new customers use digital methods to establish their identity and open a bank account, according to a recent survey by FICO.