What to read today: Desjardins Mobile App Spotlight 2021: After a 12.1% uptick in 2020, the smartphone banking user base in Canada will see growth drop to 4.3% in 2021. Banks there will no longer be able to rely on an influx of users to fuel acquisition, which will intensify competition. This spotlight report focuses on the survey results specific to Desjardins from the Insider Intelligence Canada Mobile Banking Emerging Features Benchmark Study, which ranks the seven largest FIs according to the availability of 42 mobile features in their apps. Here, we provide findings tailored to the in-demand features that Desjardins could benefit from adding to its app..
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 | November 13, 2021 | |  | | Mastercard will launch crypto cards in Asia amid heightened local demand for digital currencies | Mastercard partnered with cryptocurrency finserv platforms Amber Group, Bitkub, and CoinJar to launch crypto payment cards in Asia-Pacific, per a press release.
The cards will convert digital tokens into fiat currency that can be used anywhere Mastercard is accepted. The initiative is part of Mastercard's global crypto card program, which seeks to support native digital currencies as payment tools.
The total market value for crypto assets hit $3 trillion, roughly quadrupling from the end of 2020, per Bloomberg—indicating growing demand for digital currencies.
As a result, issuers are looking to capitalize on these assets: Major financial institutions—like JPMorgan, Wells Fargo, and Capital One—increased crypto talent hiring by 40% in the first half of 2021 compared with the same period last year, per LinkedIn data. Facilitating crypto payments may therefore be an attempt to keep issuers tied to Mastercard's network as they start thinking about offering crypto services.
Insider Intelligence's Adriana Nunez has the full story. | | |  | BRIEFING HIGHLIGHTS | |  | | Lemonade to acquire fellow insurtech Metromile | | US-based insurtech Lemonade has announced it will purchase auto insurtech Metromile "in an all-stock transaction that implies a fully diluted equity value of approximately $500 million, or just over $200 million net of cash," per a company press release. | | Read More → | | | | | | | | | | | | | | | | | | | | |  | RESEARCH IN FOCUS | |  | | Desjardins Mobile App Spotlight 2021 | | After a 12.1% uptick in 2020, the smartphone banking user base in Canada will see growth drop to 4.3% in 2021. Banks there will no longer be able to rely on an influx of users to fuel acquisition, which will intensify competition. This spotlight report focuses on the survey results specific to Desjardins from the Insider Intelligence Canada Mobile Banking Emerging Features Benchmark Study, which ranks the seven largest FIs according to the availability of 42 mobile features in their apps. Here, we provide findings tailored to the in-demand features that Desjardins could benefit from adding to its app. | | Get the full report → | | |  | | How High-Net-Worth Individuals Invest | | With $68 trillion in assets set to transfer to younger generations over the next 30 years, wealth managers who target high-net-worth individuals (HNWIs) must adapt by using digital solutions to enhance their existing white-glove services—not replace them. This report examines the key characteristics of high-net-worth consumers in the US—which is home to the highest number of HNWIs worldwide—and their financial services needs. | | 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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