Retail banking, indeed. In the most literal sense. In a move that is not a surprise — but is a seismic shift in financial services, nonetheless — Walmart is branching into bank accounts. And, by extension, bringing the banking branch into the retail aisles. Bloomberg...
The U.S. Consumer Financial Protection Bureau issued an advisory opinion Monday (Nov. 30) that earned wage access (EWA) products do not represent extensions of credit under one of its key regulations. Earned wage, or on-demand, payroll access is used by many companies to give their...
Unemployment remains stubbornly high, yet pockets of resilience emerge. The financial services industry saw 21,000 positions added in July. Yet, while financial institutions (FIs) have primarily avoided large scale layoffs and furloughs, many FI employees still feel the job-related impact of the coronavirus — for...
Inclusion is a laudable goal — bringing the 1.7 billion unbanked and underbanked people worldwide into the global digital marketplace is a nearly uncontested good. But it’s also a notoriously difficult problem to solve, particularly in places like sub-Saharan Africa where mobile penetration is high....
September 14, 2022
Retail banking, indeed. In the most literal sense. In a move that is not a surprise — but is a seismic shift in financial services, nonetheless — Walmart is branching into bank accounts. And, by extension, bringing the banking branch into the retail aisles. Bloomberg reported on Wednesday (Sept. 14) that the commerce juggernaut is […]
December 01, 2020
The U.S. Consumer Financial Protection Bureau issued an advisory opinion Monday (Nov. 30) that earned wage access (EWA) products do not represent extensions of credit under one of its key...
September 08, 2020
Unemployment remains stubbornly high, yet pockets of resilience emerge. The financial services industry saw 21,000 positions added in July. Yet, while financial institutions (FIs) have primarily avoided large scale layoffs...
March 16, 2020
Inclusion is a laudable goal — bringing the 1.7 billion unbanked and underbanked people worldwide into the global digital marketplace is a nearly uncontested good. But it’s also a notoriously...
February 16, 2023
French startup Brigad has raised $35 million to expand its freelancer staffing platform. The company, which connects hospitality and healthcare workers to businesses in need, announced the funding on its website Thursday (Feb. 16), saying it would use the money to double its workforce and upgrade its platform. While the countries where Brigad operates — France and England — […]
March 12, 2020
Mastercard is partnering with Samsung to bring digital technology to emerging markets and accelerate connectivity and smart devices, Mastercard said on Thursday (March 12). With Mastercard’s Pay on Demand platform,...
