Report: UK challenger banks at risk of financial crime

What to read today: Insider Intelligence's Fintech Trends to Watch in 2022: Fintech has reached new heights of funding and adoption, accelerating digital transformation across the financial services industry. Players big and small are scrambling to get ahead of the trends that will make or break growth in the coming year. This report answers questions such as: Has the fintech funding wave hit its peak? Will Big Tech encroachment in financial services impact banking and insurance? How will consumer demand for hyper-personalization reshape banking and payments experiences? How will digital brokerages find new revenue streams as they face margin pressure? And will crypto finally go mainstream?.

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April 30, 2022 UK watchdog warns challenger banks to be more vigilant over financial crime defenses The UK's Financial Conduct Authority (FCA) warned challenger banks that their inadequate financial crime defenses could be exposing them to "money mule networks" laundering cash. The regulator reported that its review of six unnamed challenger banks led it to conclude that monitoring of transaction alerts is "ineffective," insufficient checks are performed on new customers, and most banks failed to identify high-risk customers during onboarding. The FCA has long been a supporter of fintech-friendly oversight in the UK to level the playing field between incumbents and neobanks, and to help maintain the UK's status as a global financial services headquarters. However, as British challenger banks have flourished, financial controls of some have not kept pace with their rapid growth. Challenger banks must strike a balance between reducing barriers to entry for customers while minimizing the risk of crime through robust controls. Those that fail to do this risk harsh punishment. Insider Intelligence's Will Paige has the full story. BRIEFING HIGHLIGHTS US senators take a closer look at Zelle's fraud procedures, potentially shaping future P2P payment regulation US Sens. Elizabeth Warren (D-MA) and Robert Menendez (D-NJ) sent a letter to Zelle operator Early Warning Services for clarity on how the peer-to-peer (P2P) payments app handles fraud. Read More → CFPB looks into the financial challenges of rural communities in the US The Consumer Financial Protection Bureau (CFPB) is looking into the financial challenges faced by rural communities in the US living in banking deserts. Read More → PayPal plans digital wallet engagement booster as growth slows PayPal's total payment volume (TPV) for Q1 rose 15% year over year (YoY) to hit $323.0 billion, decelerating from Q4's 23% jump, per an earnings release. TPV growth was also down from Q1 2021's 46% YoY jump. Read More → Fintechs in the firing line as US watchdog plans to level regulatory playing field with banks The Consumer Financial Protection Bureau (CFPB) has signaled that it plans to exercise greater oversight of fintechs under a dormant legal provision that lets it examine nonbank financial companies which "pose risks to consumers," per a press release. Read More → Visa's earnings reflect resilience despite Russia exit Visa's payments volume increased 17% year over year (YoY) in its fiscal Q2 (ended March 31, 2022), per its earnings presentation. Growth decelerated from the previous quarter (+20% YoY) but outpaced the same period last year (+11% YoY). Read More → Banking sector suffers 'deal fatigue' as Q1 M&A activity dries up The volume and total value of global M&A deals in banking declined sharply for Q1, according to a KPMG report. Read More → Apple sharpens payments suite with security and acceptance enhancements Apple made two changes to its payments solutions to improve security measures and expand acceptance. Read More → Amex earnings buoyed by customers' return to spending Amex posted a stellar Q1 2022, according to its earnings report. Overall billed business increased by 35% annually, up over both Q3 2021 and Q4 2021 as spending normalizes in the later stages of the pandemic. Read More → Investors say wealth managers are missing the mark on advice Investors are struggling to find the advice and services they need, regardless of how they access wealth management services, per two new surveys by J.D. Power. Read More → RESEARCH IN FOCUS Insider Intelligence's Fintech Trends to Watch in 2022 Fintech has reached new heights of funding and adoption, accelerating digital transformation across the financial services industry. Players big and small are scrambling to get ahead of the trends that will make or break growth in the coming year. This report answers questions such as: Has the fintech funding wave hit its peak? Will Big Tech encroachment in financial services impact banking and insurance? How will consumer demand for hyper-personalization reshape banking and payments experiences? How will digital brokerages find new revenue streams as they face margin pressure? And will crypto finally go mainstream? Get the full report → Payment Channels and Transaction Types Growing ecommerce, rising connected device penetration, and new technologies like blockchain are reshaping how payment providers that enable commerce do business. To embrace lasting pandemic-driven shifts, they'll need to tap new customer bases and leverage new technology. In this report, we size core segments of the payments industry—including retail, B2B, and P2P payments—offer growth insights and forecasts, and evaluate key trends that will reshape providers' strategies in the year ahead. Get the full report → US Mobile Payments Forecast 2021 In this report, we present our eMarketer forecasts for growth in the mobile proximity and mobile P2P payments space, as well as assess top players in each area. Based on core data, the report identifies the driving forces behind each sector's growth for both payers and payees. It also examines which demographic groups will be core to growth moving forward, and what average annual per-user spend will reach in the coming years. Lastly, the report stacks up key players in each sector, assesses their trajectories, and examines what's next. Get the full report → BECOME A SUBSCRIBER Did you know the Daily is just a preview of everything Insider Intelligence has to offer? Our subscriptions deliver analysis on the biggest trends and decisions shaping the future of your industry. Stay on top and subscribe today to receive: Research reports Daily email briefings Forecasts and charts Get Started Today → FOLLOW US Email sent to: nguyenvu1187.love5@blogger.com Manage your email preferences  |  Unsubscribe  |  Terms of Use  |  Privacy Policy © 2022 Insider Intelligence. 11 Times Square, 14th FL, New York, NY 10036

[Register] How to Make Every Conversion Count

Influencer marketing, mobile app tracking, and more |

Hi, It's no secret that online shopping journeys have become more complex. Marketers looking to improve conversions and rethink the path to purchase can do so by incorporating partners as resources, including those that focus on data aggregation, app tracking, influencer tech, marketing spend, and more. Improving engagement and retention today revolves around which opportunities decision-makers leverage in performance marketing and how they tap into new technologies via more flexible outcome-based investments. Register here for "Innovation Through Strategic Tech Partnerships," presented by CJ, and learn: How strategic partnerships are becoming the next wave of innovation and efficiency in performance marketing The value of incorporating partners as resources and what new technologies on the horizon will look like What exactly is needed for brands to retain online shoppers and develop new demographics Reserve my seat → Please reserve your seat today. Space is limited. This webinar will take place on Thursday, May 12 at 2pm ET / 11am PT. This Tech-Talk Webinar is sponsored content by CJ. Email sent to: nguyenvu1187.love5@blogger.com   |   Manage preferences   |   Unsubscribe Terms of Service   |   Privacy Policy   |   © 2022 Insider Intelligence, 11 Times Square, New York, NY 10036

Tips for Retail Media Discovery

How to keep your brand top of mind and convert customers |

Hi, According to our forecast, US retail media ad spending will top $51.36 billion in 2023. As ad spending increases, being successful across retail media platforms will require more expertise. Full-funnel metrics, a holistic understanding of your audience, and a nimble operations strategy are all necessities. Register here for "Retail Media: Moving Up the Funnel," presented by Tinuiti, and learn: Why you need to launch campaigns that use first-party data, either self-service or managed by a retailer How to choose a retail media audience that will meet your goals How to stay on brand and build awareness within the walled gardens of retailers Reserve my seat → Please reserve your seat today. Space is limited. This webinar will take place on Wednesday, May 11 at 2pm ET / 11am PT. This Tech-Talk Webinar is sponsored content by Tinuiti. Email sent to: nguyenvu1187.love5@blogger.com   |   Manage preferences   |   Unsubscribe Terms of Service   |   Privacy Policy   |   © 2022 Insider Intelligence, 11 Times Square, New York, NY 10036

Podcast listening keeps making gains and the medium is becoming a bigger part of marketers’ audio strategies

An Audio Subset Approaches $2 Billion Get the Full Report →

The amount of money advertisers spend on podcasts keeps increasing. Not long ago, podcasts were relegated to experimental marketing budgets, but soon they'll account for one-third of digital audio ad spending. Growing pains, including a fragmented market and measurement challenges, are abound, but they haven't stopped ad dollars from flowing in. In The US Podcast Advertising 2022 Report, Insider Intelligence presents the trends, data, and strategies related to how marketers are approaching podcasts. Also, our latest podcast listener and advertising forecasts, including our first-ever estimates for Spotify podcast ad revenues. In full, this exclusive report:

1 Discusses how much money advertisers will spend on podcasts 2 Identifies which companies will receive the most podcast ad revenues 3 Examines how much time people spend listening to podcasts Get all of these insights and more when you purchase The US Podcast Advertising 2022 Report for $995. Buy the Report Today →

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