Business Insider Intelligence Daily

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February 20, 2021

Affirm's fiscal Q2 2021 earnings highlight transaction growth as consumers turn to installment lending services.

Affirm reported a 55% annual increase in gross merchandise volume, reaching a value of $2.1 billion in its fiscal Q2 2021—marking the company's first earnings report since going public in January 2021.

Affirm's recent results come amid BNPL services' surging popularity throughout the coronavirus pandemic as consumers lean into flexible payment options.

Despite its 2020 success, Affirm could be facing some challenges ahead as competition heats up and regulators take a closer look into BNPL services.

Insider Intelligence's Adriana Nunez has the full story.

BRIEFING HIGHLIGHTS

UK banks stuck in a race to the bottom on interest rates

Looming negative rates and digital challengers are pushing UK incumbents to compete on savings accounts.

BitPay looks to build up crypto payments with mobile wallets move

BitPay Mastercard cardholders can now use their cards with Apple Pay, with Google Pay and Samsung Pay soon to follow as crypto payments heat up.

Goldman Sachs' Marcus makes a splash in the robo-advisory pool

Goldman Sachs' digital-only consumer bank has added the investment tool to bolster its fintech offering.

Lemonade added Bestow's term life insurance coverage

Lemonade added Bestow's term life insurance coverage, which may help its latest offering stand out from traditional term life coverage.

Shopify and Amazon are looking to woo online sellers

Shopify announced a surge in gross merchandise volume driven by its platform sellers as Amazon looks to expand its merchant offerings.

Revolut may be pushing its luck with new fees for Irish customers

Revolut announced additional limits on no-fee ATM withdrawals and international money transfers for its Irish customers

Q&A with Green Dot's CEO on differentiation in digital banking

We spoke with Green Dot's CEO about how its new digital-only offshoot Go2bank aligns with the company's focus on low- to moderate-income consumers.

Personetics raises $75 million to drive hyperpersonalization in banking

Personetics has secured $75 million in funding as global banks strive to boost their digital user experience.

Blockchain industry heats up with yet another mega-round

Blockchain.com will use funding to bolster its institutional offering, which will help keep its momentum as institutional interest in crypto rises.

Marqeta leaps into credit card issuing following rumored IPO plans

Marqeta has announced plans to start issuing credit cards after gaining a strong foothold in the debit and prepaid issuing market.

RESEARCH IN FOCUS

The Subscription Payments Ecosystem Report

Insider Intelligence examines the size of the current subscription payments opportunity and discusses what's driving its growth. The report evaluates the top types of subscription payments solutions providers, as well as their strengths and weaknesses, before analyzing the subscription payments process and what makes it unique from a standard one-time payment.

Get the full report →

Innovation Strategies at Small and Midsize FIs

Insider Intelligence provides some best practices for smaller FIs looking to digitally innovate, based on exclusive interviews and our own analysis. The report gives an overview of the small and midsize US banking market, and the unique challenges this tier faces when it comes to digitization.

Get the full report →

Global Small Business Neobanks Report

Insider Intelligence explores the key factors driving an explosion of neobank activity in the SMB segment and the strategies these upstarts are leveraging to capture shares of this lucrative banking vertical.

Get the full report →

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