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Credit unions trying to attract younger members now face a generation that expects personalized digital tools and is willing to walk away when it does not get them.
The “Digital-First Retention Playbook: Winning Gen Z Loyalty at Credit Unions” report lays out a portrait of a cohort that sees itself as navigating a tougher financial landscape than older groups while demanding fast,...
One of the world’s largest cyber insurance firms is reportedly pulling back from the market.
That company, Beazley, is dealing with increasing claims and falling prices, even as competitors double down on policies covering ransomware demands and other cyberattacks, the Financial Times (FT) reported Sunday (Nov. 30).
The company recently reported that cyber gross written premiums, a...
Retail rivals Walmart and Amazon are reportedly expanding their lending footprint in India.
For Amazon, that means plans to offer loans to small business owners in the world’s most populous country, while the Walmart-owned Flipkart is exploring buy now, pay later (BNPL) products, Reuters reported Friday (Nov. 28).
As the report noted, Amazon this year acquired the Indian nonbank lender...
New York has become the first state to take action against so-called “personalized pricing.”
As The New York Times reported Saturday (Nov. 29), a law enacted with the state’s budget requires retailers to notify customers about the use of the practice — also known as “algorithmic pricing” — in which they use artificial intelligence (AI) and customer data to set prices.
According to the...
A data breach at Coupang has exposed personal information of nearly 34 million customers.
The eCommerce company, considered the “Amazon of South Korea,” revealed the breach on Saturday (Nov. 29), Reuters reported. Coupang said the unauthorized access to customer info appears to have begun in June via overseas servers.
“Subsequent investigation has revealed that the extent of customer...
Artificial intelligence-powered shopping tools have helped drive record levels of Black Friday spending this year.
Shoppers spent nearly $12 billion online as the holiday shopping season kicked off, a 9% increase from 2024, Reuters reported Saturday (Nov. 29), citing Adobe Analytics data.
According to those findings, AI-driven traffic to American retail sites surged by 805% since last...
OpenAI’s data center partners are reportedly set to accrue nearly $100 billion in borrowing.
As the Financial Times (FT) reported Sunday (Nov. 30), this has allowed the high profile artificial intelligence (AI) startup to reap the rewards of a debt-driven spending wave without having to take on financial risks.
An analysis by the FT found that SoftBank, Oracle and CoreWeave have...
Cryptocurrency payments firm Truther is preparing to launch a Visa card in El Salvador.
The new card, set to debut Jan. 29, will let users spend the USDT stablecoin directly from their wallets, without having to preload funds or rely on custodial services, company officials told CoinDesk in an interview published Sunday (Nov. 30).
“You don’t charge the card beforehand,” said Founder...
Mexico’s banking sector is reportedly facing pressure from a wave of FinTech challengers.
As Bloomberg News reported Friday (Nov. 28), companies like Revolut are expected to begin operating in that country in the first half of 2026, with Brazil’s Nu hoping to become a bank later in the year and Mercado Pago waiting for regulatory approval.
This expansion, Bloomberg added, has placed...
American consumers upped their spending slightly during Black Friday amid an uncertain economic landscape.
That’s according to preliminary insights from Mastercard SpendingPulse issued Saturday (Nov. 29), showing a 4.11% increase in retail spending on Black Friday (Nov. 28) compared to the same day in 2024. The figure is not adjusted for inflation, which currently stands at 3%,
“...