What to read today: Spotlight: Sustainable Banking: Banks face growing pressure from consumers and shareholders to make sustainability a higher priority. That's a challenge for an industry that, for example, has financed $3.8 trillion for fossil fuel clients since the 2015 Paris Agreement. Banks may consider finding a way to balance a shift toward sustainability with sustaining their profits. This report answers the question: why should banks start taking action on sustainability today?.
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 | February 19, 2022 | |  | | Big banks take plunge into metaverse as JPMorgan enters '$1 trillion industry' | JPMorgan has opened a lounge in the blockchain-based virtual world Decentraland and claims to be the first major lender to enter the metaverse.
The gimmicks at the investment bank's new virtual lounge include a roaming tiger greeting visitors and a portrait of CEO Jamie Dimon. The news coincides with the release of a JPMorgan report on metaverse-related growth opportunities in which it acknowledges "explosive interest in the metaverse."
The move highlights JPMorgan's ambition to modernize its brand by staying abreast of market trends and targeting younger customers.
The banking giant said that the risk of "being left behind is worth the incremental investment needed to get started" in the race to build a presence in the metaverse.
Insider Intelligence's Will Paige has the full story. | | |  | BRIEFING HIGHLIGHTS | | | | | | | | | | | | | | | | | | | | | |  | RESEARCH IN FOCUS | |  | | Spotlight: Sustainable Banking | | Banks face growing pressure from consumers and shareholders to make sustainability a higher priority. That's a challenge for an industry that, for example, has financed $3.8 trillion for fossil fuel clients since the 2015 Paris Agreement. Banks may consider finding a way to balance a shift toward sustainability with sustaining their profits. This report answers the question: why should banks start taking action on sustainability today? | | Get the full report → | | |  | | Payment Methods and Funding Mechanisms | | Cash, check, card, and electronic bank payments dominate consumer and business payments. But pandemic-driven digitization is changing share of wallet as analog methods continue to decline. In their place, card and electronic transfers will surge, while alternatives like installment loans and cryptocurrencies will threaten giants' market share. In this report, we define and size major payment method and funding mechanism types, offer growth insights and forecasts, and evaluate key trends affecting consumer and business usage in the year to come. | | Get the full report → | | |  | | The Evolution of US Robo-Advisors | | Ranks of new customers are dwindling, jeopardizing US robo-advisors' ability to attract new wealth. A way forward for robo-advisors is to expand into new products and services. This report is a dive into the strategies that innovative robo-advisors can implement to overcome shrinking account holder growth, as well as boost revenues and customer acquisitions. | | Get the full report → | | |  | BECOME A SUBSCRIBER | | | Our subscriptions deliver analysis on the biggest trends and decisions shaping the future of your industry. Stay on top and subscribe today to receive:
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