Insider Intelligence Weekend Roundup

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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.

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March 6, 2021

Capital One is beginning to raise credit limits again.

Capital One is starting to raise credit limits for existing customers with prime and subprime credit scores. But for new customers, the card issuer is continuing to hand out smaller credit lines.

Its decision to boost credit limits for certain customers came after Capital One's initial move to lower limits in August in an effort to mitigate financial risks during the pandemic.

This move to boost credit limits for some customers was likely done in an effort to give customers more spending freedom, which would therefore boost the likelihood of them spending more on their credit cards.

Insider Intelligence's Adriana Nunez has the full story.

BRIEFING HIGHLIGHTS

Square introduces its network to its small business bank

Square's new industrial bank could leverage its vast merchant network and data capabilities to establish it as a significant threat to incumbents.

Walmart poaches two Goldman execs to beef up banking play

Walmart is emerging as a threat in the digital banking space as it continues to build out its fintech startup, this time with hires from Goldman.

Auto insurtech Root shares 2020 performance in Q4 earnings

Root announced $346 million in revenues for 2020, up from $290.2 million the year prior, helping it improve its direct loss ratio.

Klarna snags $1 billion as it competes head-to-head with credit cards

Klarna plans to put its recent funding toward tech acquisitions that'll enhance offerings and enable it to compete against credit card companies.

Google, Allianz, and Munich Re partner for insurance venture

Google teamed up with Allianz and Munich Re to launch a solution for commercial cyber risk insurance.

Affirm moves deeper into banking with its new debit card

Affirm could expand into additional product categories through its incremental approach to banking—putting it in competition with other challengers.

Volkswagen Financial Services teams up with two regtechs

Volkswagen Financial Services can now onboard customers digitally in light of changing consumer preferences and a need for remote solutions.

UK unveils call to action to protect London's fintech crown

The Kalifa Review of UK Fintech aims to provide recommendations on how to make the UK the most open and dynamic place for financial services.

Target closes out Q4 2020 with ecommerce sales boom

Target's ecommerce business soared in Q4, but it may need to shift its focus back to in-store retail to maintain its growth trajectory.

According to a recent survey, autonomous checkout is here to stay

A survey highlighted consumer interest in retail tech, raising the question of whether it poses a threat to traditional brick-and-mortar retailers.

RESEARCH IN FOCUS

Personal Finance Management Report

Insider Intelligence gives an overview of the major categories of players shaping the PFM market today. We continue by outlining some best practices for banks looking to upgrade their PFM offerings, based on exclusive interviews conducted with seven leading PFM providers.

Get the full report →

Future of Retail 2021

This report looks at Insider Intelligence's 2021 US retail and ecommerce sales forecast and highlights 10 key trends representing the most significant shifts in retail and consumer behavior next year.

Get the full report →

AI in Banking

Insider Intelligence identifies the AI use cases that are transforming the way FIs operate, the business impact of those use cases, and real-world examples of each. We then discuss the most important risks that banks looking to implement AI solutions should bear in mind.

Get the full report →