What to read today: The US Digital-Only Banking Revolution: Digital-only banks—and neobanks in particular—have emerged as potent threats to incumbents, and many disruptors that could further shake up the US banking market loom large. We explore what's behind the growth of large neobanks and how they're building new revenue streams. We then discuss what incumbents stand to lose from neobank growth and explore factors that could upend industry dynamics.Finally, we present a maturity model that lays out actionable steps incumbents can take to capture a slice of digital account..
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 | October 16, 2021 | |  | | Klarna's new partnership pushes it into B2B buy now, pay later greenfield. | Buy now, pay later (BNPL) giant Klarna partnered with Germany-based Billie, which offers BNPL services for business payments, according to a press release. The integration will let Klarna's merchants with business customers offer Billie's services.
More than 250,000 eligible merchants will be able to activate Billie's offering, which will be incorporated into Klarna's existing processes. Billie offers shopping limits of up to €100,000 ($114,025) and boasts a 90% conversion rate, making it a compelling option for merchants.
Pushing into B2B BNPL reflects industry players trying to diversify as the entrance and expansion of heavyweights like Capital One, Mastercard, PayPal, Square, and Visa are intensifying competition.
Insider Intelligence's Jaime Toplin has the full story. | | |  | BRIEFING HIGHLIGHTS | | | | | | | | | | | | | | | | | | | | | |  | RESEARCH IN FOCUS | |  | | The US Digital-Only Banking Revolution | | Digital-only banks—and neobanks in particular—have emerged as potent threats to incumbents, and many disruptors that could further shake up the US banking market loom large. We explore what's behind the growth of large neobanks and how they're building new revenue streams. We then discuss what incumbents stand to lose from neobank growth and explore factors that could upend industry dynamics.Finally, we present a maturity model that lays out actionable steps incumbents can take to capture a slice of digital account. | | Get the full report → | | |  | | The Payments Ecosystem | | This third annual study, weighted based on responses to a consumer survey, is an exclusive benchmark that ranks the 10 largest UK banks and building societies by assets according to their innovative mobile banking capabilities. We include research on the availability of 41 mobile features, selected based on their propensity to set financial institutions apart, as well as data on consumer demand for each of these features. | | Get the full report → | | |  | | US Cash-Back Credit Card Emerging Features Benchmark 2021 | | Cash-back credit card innovation has been boosted to new heights by the convergence of digitization (driven by the pandemic), competition, and consumer behavior. In this inaugural study, the Insider Intelligence "US Cash-Back Credit Card Emerging Features Benchmark 2021," we identify the emerging features that prospective cash-back credit card users find most valuable, and rank 10 leading cash-back credit cards (with no annual fee) according to the degree at which they offer these features. | | 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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