And the buy now, pay later giant s already well-established business could make it extremely competitive.
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The Sweden-based buy now, pay later (BNPL) fintech is piloting a bank account in Germany, with plans to roll out the offering more broadly in the coming months, TechCrunch Klarna s BNPL service will make it a threat to neobanks. Insider Intelligence
The account allows customers to receive money, set up direct deposit, and use an Apple Pay- and Google Pay-compatible debit card. Customers can also track their spending and upcoming payments within the Klarna app, while budgeting tools and savings accounts are in the works.
Since the outbreak of the coronavirus pandemic,
extending support to struggling customers and small businesses has been top of mind for banks. But it s not enough to just offer support: Banks need to effectively communicate to customers about what features are available and how to use them, especially when it comes to innovative digital offerings. Alissa Van Volkom discussed how marketers have changed their strategies to reach customers in the past year. Insider Intelligence
We spoke with Alissa Van Volkom, senior vice president and head of customer & product marketing at TD Bank.
Volkom discussed how the bank has shifted its strategy to reach customers, provide new solutions, and tailor its public-facing messaging to stand out.
Gen Xers share of total household wealth is barely half of that held by baby boomers, and impacts brought on by the coronavirus pandemic haven t helped this financially unstable cohort.
In the Gen X amid the Pandemic Report, Insider Intelligence assesses US Gen Xers finances and how they ve been affected by the pandemic.
Many Gen Xers have yet to recover from the Great Recession , and the pandemic didn t help the unstable financial health of this cohort. Gen Xers have been pushed to adjust their bill payment methods, retirement plans, shopping habits, and work structure amid the digital transformation and financial strain brought on by the coronavirus pandemic.