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US Bankcards Industry Benchmarking Trends: 2023 Q1 Update

FICO

Trends in the macro environment are seen throughout the credit card industry Rising prices, increases in the cost of securing and carrying debt, and the fear of higher unemployment rates are trickling through to consumer behavior on credit cards. Credit card lenders are not only dealing with higher loss forecasts in 2023.

Trends 52
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Surprises from the Consumer Financial Decision Making Conference (Behavioral Economics)

Celent Banking

Another case arises when consumers have high interest rate credit card debt. Anchoring on credit card disclosures is very powerful. Initial experiences with the new credit card disclosures shows that borrowers are anchoring on the minimum payment figure, and on occasion paying less each month than they otherwise would.

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Fintech Fundings: 12 Companies Raise $240 million Week Ending June 25

Fintech Labs Insights

Canopy Tax (formerly Beanstalk). Tax & accounting practice management. Tax & accounting practice management. HQ: Omaha, Nebraska. Tags: Tax, advisor platform, marketing, client services, accounting, SMB. Source: The Oregonian. Payments risk & compliance management. HQ: Palo Alto, California.

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Fintech Fundings: 113 Companies Raised $1.7 Billion in May

Fintech Labs Insights

HQ: Omaha, Nebraska. Online tax preparation. Company credit cards. Tags: SMB, credit cards, expense management, bookkeeping, controls, security. Source: Finovate. Carson Group. Wealth management platform. Latest round: $35 million. Total raised: $35 million. Source: Crunchbase. Latest round: $22.5 million Series C.

Company 17
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Fintech Fundings: 186 Companies Raised $1.6 Billion in June

Fintech Labs Insights

HQ: Omaha, Nebraska. Credit card with consumer controls. Tags: SMB, merchants, payments, acquiring, credit/debit cards, mobile. Source: FT Partners. D3 Banking. Banking platform. Latest round: $16.4 Total raised: $33.4 Source: Crunchbase , Finovate. SpotCap (Rocket Internet). Alt-lender to small businesses. 401(k) platform.

Company 12