Fed questions US credit scoring system

What to read today: Ecommerce and Retail Customer Experience 2021: The customer experience (CX) landscape has changed dramatically over the last year as pandemic-induced lockdowns and social distancing pushed many consumers to try several technologies. This report discusses some of the top CX developments in both online and offline retail, including first-party data, AR, contactless payments, click and collect, and frictionless checkout..

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.

May 29, 2021 Fed questions US credit scoring system—here's what that means for issuers. The Federal Reserve Bank of New York said credit scoring systems may have become less reliable during the pandemic as a result of COVID-19 relief programs. Alternative financial health measures could gain steam if credit scoring loses ground. JPMorgan and Wells Fargo are reportedly planning to share customers' account deposit data to determine creditworthiness as part of a government-backed initiative. As the movement against using credit scores as a financial health measurement builds, these sorts of initiatives can gain traction by providing a more accurate and well-rounded depiction of a consumer's financial situation while extending credit access more equitably. Insider Intelligence's Adriana Nunez has the full story. BRIEFING HIGHLIGHTS Breaking down US consumer interest in cryptocurrency payments A BitPay study found US consumers are increasingly interested in making purchases with cryptos, creating a growth opportunity for payment providers. Read More → Making sense of Trade Republic's $900 million raise Trade Republic's fast growth, sticky customer base, transparent pricing, and the addition of cryptos, helps make sense of the eye-watering raise. Read More → LATAM fintech sector gets a boost from a new $1 billion VC fund VC Kaszek raised capital for two new funds, indicating that the region's ecosystem is maturing as LATAM adds VCs to its list of investors. Read More → Figure raises $200 million amid banking license row Figure raised $200 million and is still awaiting the verdict for its Fintech Charter application, which could push more crypto firms to apply. Read More → Varo joins BlackRock's savings program to build out financial wellness Varo is among several companies that joined asset management giant BlackRock's philanthropic initiative to help people boost their emergency savings. Read More → Square iOS app code hints toward new banking features Square's iOS app code update reportedly reflected forthcoming business checking and savings accounts. Read More → Revolut adds invoicing for SMBs as it builds out 'financial super app' Revolut is giving small and medium-sized businesses in the UK and across Europe the ability to run their collections processes through its app. Read More → Zeta plans US market boost with new funding proceeds Banking tech vendor Zeta plans to enhance its global footprint with proceeds from a $250 million round led by SoftBank. Read More → Amazon sued by DC attorney general over pricing policy DC attorney general filed a complaint over Amazon's pricing policy for third-party sellers, opening the door for other platforms to compete. Read More → Apple and PayPal signal growing interest in crypto Apple and PayPal hinted at future plans for crypto payments, but concerns surrounding regulations and crypto's volatility could dampen development. Read More → RESEARCH IN FOCUS Ecommerce and Retail Customer Experience 2021 The customer experience (CX) landscape has changed dramatically over the last year as pandemic-induced lockdowns and social distancing pushed many consumers to try several technologies. This report discusses some of the top CX developments in both online and offline retail, including first-party data, AR, contactless payments, click and collect, and frictionless checkout. Get the full report → Blockchain in Payments Insider Intelligence presents a balanced look at the blockchain payment use cases with the highest maturity. The report ranks the three main use cases according to specific benchmarking criteria and examines the benefits and obstacles each faces in achieving wide-scale disruption. Get the full report → The Payments Ecosystem Insider Intelligence examines the payments ecosystem today, as well as the pandemic's impact on growth drivers and the industry's future. The report traces the path of in-store and online payments from processing to settlement across key stakeholders. Get the full report → BECOME A SUBSCRIBER Did you know the Daily is just a preview of everything Insider Intelligence has to offer? Our Briefing subscriptions deliver analysis on the biggest trends and decisions shaping the future of a specific industry. Stay on top and subscribe today to receive: A cornerstone industry report Daily Morning newsletters Opportunities to join the conversation Get Started Today → FOLLOW US Email sent to: nguyenvu1187.love5@blogger.com Manage your email preferences  |  Unsubscribe  |  Terms of Use  |  Privacy Policy © 2021 Insider Intelligence. 11 Times Square, 14th FL, New York, NY 10036