PYMNTS-MonitorEdge-May-2024

consumer finance

Rising Interest Rates Threaten Non-Bank Lender Business Models
Rising Interest Rates Threaten Non-Bank Lender Business Models
December 11, 2022  |  Consumer Finance

Finance companies have seen borrowing costs skyrocket this year as interest rates rise. That’s according to a report Sunday (Dec. 11) by The Wall Street...

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Nubank Boosts Investment and Gains Regulatory Approval in Mexico 
Nubank Boosts Investment and Gains Regulatory Approval in Mexico 
December 06, 2022  |  Digital-First Banking

Nubank has added a $330 million equity capitalization to its investment in Mexico.  The Brazilian digital financial services platform said in a Tuesday (Dec. 6) press release that...

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More Brands Following Tech and Automakers into Connected Cars
More Brands Following Tech and Automakers into Connected Cars
December 06, 2022  |  Connected Economy

As consumers seek frictionless payments, businesses are looking to connect with captive in-car customers. Most recently, energy giant Chevron was reported to have created an app for Apple CarPlay...

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JG Wentworth Buys Stilt’s Digital Lending Platform 
JG Wentworth Buys Stilt’s Digital Lending Platform 
December 05, 2022  |  Consumer Finance

JG Wentworth has acquired FinTech and personal loan lender Stilt’s digital lending platform.  With the acquisition, JG Wentworth, a consumer financial services company, will accelerate its...

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Beauty Subscriptions Are First to Go as Consumers Reduce Spending
Beauty Subscriptions Are First to Go as Consumers Reduce Spending
December 05, 2022  |  Subscription Commerce

As consumers reevaluate subscriptions amid inflation, new data shows beauty memberships are the most vulnerable. In fact, a greater share of customers is cutting out...

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Banks and FinTechs Pivot to Consumer Credit Rehab
Banks and FinTechs Pivot to Consumer Credit Rehab
December 05, 2022  |  Retail

The rise in stretched consumers has seen more banks and FinTechs looking to help them. With weakened consumer buying power, a major theme of 2022,...

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Consumers’ Openness to Payment Options Drives Better Credit Scores
Consumers’ Openness to Payment Options Drives Better Credit Scores
December 05, 2022  |  Payment Methods

Consumers willing to try something new at checkout could boost their credit scores. This at a time when new findings in the report “New Payment Options:...

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PYMNTS Intelligence: How Telecoms Expand Digital Payments’ Reach
PYMNTS Intelligence: How Telecoms Expand Digital Payments’ Reach
December 05, 2022  |  Digital Payments

Being underbanked or unbanked is a significant disadvantage in modern society, as this locks households out of personal loans, direct deposits, many types of credit...

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Study Finds Consumer’s Perception of Inflation Worse Than What Government Reports
Study Finds Consumer’s Perception of Inflation Worse Than What Government Reports
December 05, 2022  |  Consumer Finance

As inflation continues at rates not seen since the 1980s, consumers are growing increasingly anxious, especially because their perception of inflation is more extreme than...

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