Apple's unique BNPL strategy; former FDIC chair warns against unlimited deposit insurance
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
Why Apple Pay Later is different from other buy now/pay later loans : By integrating its new installment product with its widely popular mobile wallet, Apple is more likely to capitalize on spending data than to focus on creating a large loan portfolio.
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Is tech the 'front end gateway' to nab college students as customers? Financial institutions have a checkered history with students. A credit union and bank point to the benefits of their new products.
Former FDIC Chair McWilliams warns against unlimited deposit insurance : Jelena McWilliams, who chaired the agency during the Trump administration, said removing the cap on insured deposits would impact the banking sector in three key ways.
Hearing pries details from regulators on SVB-Signature failures : Federal Reserve Vice Chairman for Supervision Michael Barr said that regulators and bank management failures contributed to the bank collapses, but insisted rescue of uninsured deposits was warranted.
Inside Big Boy's use of cloud payments : Like bank and credit union branches, sit-down restaurants face rapid changes in consumer preferences, requiring a quick pivot to a growing range of digital service and checkout options.
Co-Founder ClearInsight AI, Inc. | Board-Certified Periodontist who can Code. | Children’s Book Author
1 年I would assume banks are not going to sit this one out with BNPL especially w new fintech companies entering the space. We even have domain names like paythislater.com fetching $30 mil