Capital One, MLB team up

What to read today: Insider Intelligence's Payments Trends to Watch in 2022: Payments are set to break physical and digital borders in 2022, connecting the world in more ways than ever. Innovations will lower barriers for payments across countries and continents, and the rise of super apps will bring all of consumers' financial needs—including payments—into a single place. Meanwhile, innovations in lending will extend credit to once-inaccessible segments..

Every morning the Insider Intelligence team delivers research briefings covering key trends moving industries. As a bonus for being a frequent Insider reader, we're including some free content below. Want more content like this daily? Join our FREE Insider Intelligence Daily newsletter by clicking here.

April 2, 2022 Capital One strikes a deal with MLB to boost cardholder perks Capital One signed a multiyear deal with Major League Baseball (MLB) that's reportedly valued at $125 million and includes sponsorship opportunities and cardholder perks, per a press release. Capital One took over the MLB's bank promotion rights from Bank of America, which partnered with the sports league in 2004, per IEG. Capital One's tie-up with MLB can drive revenues in three ways. It can bolster customer relationships with the exlusivity effect, attract new customers through new marketing, and potentially expand its co-brand portfolio and coverage. This deal is another example of how issuers are revamping cards to support travel and entertainment (T&E) rewards again. Insider Intelligence's Adriana Nunez has the full story. BRIEFING HIGHLIGHTS Fintech funding drops after peaking in 2021 Venture capital (VC) investing in fintechs skyrocketed in 2021 to hit several new records, per PitchBook's annual report, which covers global activity. But it cooled off during Q4 and so far this year, investors appear more selective about the sectors they're favoring. Read More → UPI support can help credit card startup Slice shake up India's digital payments market India-based credit card startup Slice will enable the Unified Payments Interface (UPI), India's mobile bank-to-bank instant payments system, on its forthcoming app so users can make UPI transactions, sources familiar with the matter told TechCrunch. Read More → CIBC fights tech talent wars by upskilling its current workers Amid fierce competition for talent, CIBC's strategy includes offering upskilling programs to its current tech employees, per Bloomberg. Read More → Cross River's latest funding round affirms the success of a BaaS-focused small bank Cross River Bank said that its parent company, CRB Group, raised $620 million from investors. The round is coupled with a valuation of over $3 billion, per TechCrunch. Read More → Chase and IHG Hotels & Resorts boost co-brand benefits to rake in volume JPMorgan Chase and IHG Hotels & Resorts launched the IHG Rewards Premier Business co-brand card, per a press release. Read More → CFPB head pitches tougher punishments for repeat offender banks Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra is advocating for big US banks with repeat federal offenses to face punishments rigorous enough to put an end to them in their present form. Read More → Apple's in-house financial services drive is a gamble, but it could pay off Apple has announced plans for a suite of financial services dubbed "Breakout." We're looking at what the stakes are for Apple—and how the tech giant can pull the multiyear plan off. Read More → Banks risk public ire after $742B fossil fuel investment following climate pledges The world's biggest banks invested $742 billion in coal, oil, and gas companies last year despite extensive public climate commitments, per a report that casts doubt on the substance of their climate pledges. Read More → Rebranded Bread Financial rolls out Victoria's Secret co-brand card amid digital refocus Bread Financial (formerly Alliance Data Systems) expanded its partnership with Victoria's Secret by renewing their private-label credit card and launching a new co-brand card, the Victoria's Secret Mastercard, per a press release. Read More → RESEARCH IN FOCUS Insider Intelligence's Payments Trends to Watch in 2022 Payments are set to break physical and digital borders in 2022, connecting the world in more ways than ever. Innovations will lower barriers for payments across countries and continents, and the rise of super apps will bring all of consumers' financial needs—including payments—into a single place. Meanwhile, innovations in lending will extend credit to once-inaccessible segments. Get the full report → US Generation Z Financial Behaviors After living through the one-two punch of the Great Recession and COVID-19 pandemic, Gen Zers are plagued with financial anxiety. As a result, they've adopted a cautious and practical approach to saving, investing, and money management. They are skeptical of traditional financial institutions, they prefer digital and mobile financial tools, and they seek investments that reflect their values and goals. This report is an overview of Gen Z's attitudes and behaviors as they relate to banking, investing, and personal finance. Get the full report → Spotlight: Accounts Payable and Receivable Automation Small and medium-sized businesses (SMBs) are finally taking action to automate their accounts payable (AP) and accounts receivable (AR) processes. To win market share in this previously untapped segment, banks and software providers must meet SMBs where they are. 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