Peloton To Introduce Lower-Priced Treadmill, Higher-Priced Exercise Bike


Sources told the news service while the startup offers the cheaper treadmill, it will introduce a more expensive stationary exercise bike and cut the price of its existing bike. Peloton Interactive Inc. ,

Deep Dive: Buy Now, Exercise Now, Pay Later


Exercise can help individuals maintain both their physical and mental health, and there are myriad options available for fitness beginners and enthusiasts alike. The following Deep Dive examines BNPL options’ emerging popularity for home exercise equipment purchases, as well as how the fitness industry’s growing expenses have driven many individuals — especially millennials — to invest in home gyms. Exercise options’ often hefty costs can put a damper on this enthusiasm, however.

SoulCycle To Debut Home Exercise Bike To Compete With Peloton


Retail Bike exercise home fitness News Peloton SoulCycle spinning subscription What's HotSoulCycle is gearing up to release its own at-home bike that could compete with rival Peloton, after teasing the product last summer, according to reports. The fitness company’s product looks similar to Peloton’s, with on-demand cycling classes that can be streamed through a monthly contract with the Variis platform.

Why banks are rewarding customers for exercising

American Banker

Discovery Bank in South Africa and other overseas financial companies say healthier customers are more profitable. They are giving reward points, gym subsidies and even free Apple Watches to those who meet fitness goals. Fintech Financial wellness Loyalty and rewards

Digital Exercise Brands Get Pumped Up As In-Person Fitness Loses Muscle


Just when it seemed America was starting to actually use gym and fitness studio memberships that so often fall dormant after a few visits, COVID-19 shut down the workout industry hardcore. Consider the empty gyms and studios of 2020 as compared to mere months ago. “In In 2019, U.S.

An Exercise in Biometric Payments

Payments Source

The early morning exercisers who stop at Thrive Café in Loves Park, Ill. may be drenched in sweat and dressed in outfits devoid of any pockets, but they can still pay for their post-workout refreshments without a wallet or phone. security technology risk-analytics

Basking in foreign fintech investment, India exercises its kingmaker role

Payments Source

Last week, Indian regulators ordered an antitrust probe of Walmart and Amazon while Jeff Bezos and other Amazon execs traveled to New Delhi to tout a $1 billion investment to digitize local businesses. The message is U.S. investment is welcome, as long as U.S.-driven driven data mining is kept at bay. India Fintech Amazon Digital payments Retailers Walmart Fintech regulations Jeff Bezos

Get Financially Fit With These Money Management Exercises


Here are some sure-shot exercises that will give your money the workout it needs. Depending on what category your finances fit into, you can follow the prescribed exercises – they’re worth the end result. Recommended exercises: Check your Credit Score every month so that you can figure out where you stand in the eyes of lenders and plan your credit applications wisely in the future. Want your finances to look their absolute best?

Fed's Brainard backs stress test-like exercise to address climate risks

American Banker

Federal Reserve Gov. Lael Brainard said "scenario analysis" is distinct from traditional regulatory tools to assess capital strength, but can measure the long-term impact of weather events and the transition to a greener economy. Federal Reserve Climate change Stress tests Lael Brainard

California Dept. of Financial Protection and Innovation announces plans to exercise expanded powers under Consumer Financial Protection Law

CFPB Monitor

In its January 2021 monthly bulletin , the DFPI stated that, with the CCFPL now in effect, the DFPI will begin exercising its “expanded powers to better protect consumers from unlawful, unfair, deceptive, and abusive practices.”

FDIC advises banks to exercise caution with agricultural loans

American Banker

To guard against headwinds in the agricultural sector, the Federal Deposit Insurance Corp. recommended that institutions consider the “overall financial status” of farm loan borrowers. Risk management Policymaking Ag lending Agriculture industry Farm and rural mortgages FDIC

PSD2: Another painful compliance exercise or an opportunity?


The European Commission’s revised Payment Services Directive (PSD2) will bring about one of the biggest changes that the banking sector has ever faced. However, as the Commission has indicated this is not a change being dictated by banks; it is a reaction to the ongoing disruption of payments

Note to Regulators: Exercising Fiduciary Responsibility is Not a Community Bank Board Problem – But You Might Make It One!

Finer Points

As community bankers we have a fiduciary responsibility to our customers and communities as well as our shareholders. While it may not always be an explicit legal duty, it’s inherent to the community bank relationship business model and serves a key role in our success—after all, community banks only succeed when their customers and communities do the same. That’s […]. Community Banks

Tonal Seeks More Funding To Produce $3K Home Workout Stations


San Francisco-based Tonal — which offers a $2,995 exercise station with subscription-based workouts — is looking for more funding as the COVID-19 crisis upends the world of exercise. As PYMNTS has reported , the pandemic has created new opportunities for the exercise equipment industry. As a result, there has been a spike in demand for home exercise gear such as yoga mats, free weights, resistance bands and exercise balls.

Connected Fitness Gets Into The Boxing Ring


Connected fitness allows them to exercise at home and still get the benefits of a gym, with the addition of that social aspect of personal training.”. Retail boxing connected fitness direct-to-consumer DTC exercise fitness home fitness home workouts Liteboxer News

Late Delivery: Peloton Q1 Earnings Include Warning On Shipping And Customer Support


Earnings Coronavirus exercise industry fiscal Q1 News Peloton subscription commerce supply managementRare is the earnings announcement and subsequent analyst call that starts with a mea culpa from the CEO. Especially one that’s full of good news on the surface. But that’s exactly what happened Thursday evening (Nov.

Fitness Platforms Expand Offerings As Consumers Work From Home


Today In Data Commerce exercise fitness News payments Retail Streaming Today in Data workoutsFitness and wellness platforms are expanding their offerings as Americans continue working from their residences and gym facilities have limited operations because of the pandemic. Gympass ’ services, in one case, will now expand to include live-streamed classes, one-on-one personal training, virtual therapy and overall wellness plans instead of just gym memberships. All this, Today in Data.

Installment Payments Push Sports-Equipment Sales Over The Finish Line


consumers to take their exercise routines indoors. percent of Americans exercise for 30 minutes at least three days per week, but between gym memberships and fitness classes, the costs of this hobby can begin to add up. Buy now pay later (BNPL) solutions are more popular than ever, allowing consumers to avoid paying at the point of purchase and instead doing so in increments over several weeks.

Fitness Goes Micro With ‘Workout Pods’ Designed For On-Demand Exercise

CB Insights

With 1.35 billion people – or roughly 20% of the world’s population – living in China, real estate is at a premium in the country’s urban areas. As a result, brick-and-mortar businesses in China’s big cities are going small.

ClassPass CEO: The Feds Need To Flex Their Muscles To Help The Fitness Industry


Coronavirus business ClassPass COVID-19 digital classes economy exercise Featured News fitness industry Government gyms News Rent stimulusIt is not an easy time to be in the fitness business at present as gyms, fitness studios and wellness providers nationwide have been forced to close their doors and temporarily shut down service while the whole world rides out the coronavirus pandemic.

Flywheel To Shutter Some Cycling Locations


In the latest reported sign that boutique fitness studios are struggling to keep pace with home exercise offerings, Flywheel Sports Inc. The report also noted that Peloton has grown to have over 500,000 subscribers for its exercise products and fitness apps. Retail closures exercise fitness Flywheel News What's Hotis shuttering over a quarter of its locations. The New York-based company said it will close a dozen of its 42 stores, Bloomberg reported.

Bringing The Jane Fonda Magic To Streaming Fitness Classes


Aerobic workouts, strength training, Pilates, yoga, cycling – name a form of exercise, and the odds are good to great that there plenty of fitness apps one can choose from to work out at home. Retail Editors' Picks exercise fitness mobile apps News Obe on-demand Shop Talk Streaming workoutsThere is no shortage of apps aiming to help consumers improve their fitness, on the go and on their own time.

ClassPass Lands $285M To Scale Fitness Marketplace


Subscriptions ClassPass exercise fitness funding group fitness Health Investment News reservations Retail subscriptions Venture Capital Wellness What's HotInternational fitness and wellness marketplace ClassPass has notched $285 million in a Series E funding round led by L Catterton and Apax Digital, with support by existing investor Temasek, the company announced on Wednesday (Jan.

Groupon And The Big Business Of Beauty


Retail anti-aging products beauty beauty products Cosmetics exercise facials Featured News fitness floatation tank grooming Groupon gym memberships hand cream Health laser hair removal makeup Massage mobile app moisturizer News shaving products spas supplements waxingBeauty is and always has been one of humanity’s favorite topics. English poet Thomas Overbury famously observed that it is only skin deep, while Irish poet Margaret Wolfe Hungerford noted that it is “in the eye of beholder.”

Online Fitness Experiences Where Signup Is The Light Lift Differentiator


Retail content streaming exercise fitness News subscription commerce subscriptionsFor fitness aficionados and those just looking to get in a workout, several online platforms have emerged to help them bring home the gym experience. But NEOU Co-founder Nathan Forster found that existing offerings forced consumers to buy expensive equipment and lacked a great user experience. “I

Noom’s New Approach To Solving The Obesity Epidemic


The brand is frequently billed as the Weight Watchers for millennials – in fact, the two share some similarities: Users set a weight loss goal, and then undertake a customized diet and exercise plan to attack that goal over 16 weeks, during which time they log their food consumption and activity, which is pretty standard for any weight-loss app. The accountability aspect — inputting data such as caloric intake, sleep, exercise, etc.

Uber Of X: SwitchFit Is The Uber Of Workout Regimens


uber of x exercise fitness gyms Retail studios SwitchFit Uber of X working out workoutYear after year, it’s safe to say that most New Year’s resolutions include some form of getting in better shape. People join a gym with good intentions, but then their rate of going either slows down or stops altogether. Consumers seem to want to be in physically good shape, but when it comes to that journey, most have a hard time committing to a specific gym or routine.

Cryptomathic signs on as PCI SSC participating organization

Mobile Payments Today

The company hopes its experience as a designer of secure software solutions can help PCI become 'a business enabler, rather than a simple compliance exercise

Security is about as good as a fart in a spacesuit

Chris Skinner

I know lots of grumpy old men like me lament that, when we were growing up, we were left outside to run about as we felt, find our own way to and from school, were encouraged to read more and exercise, and such like. It’s a weird world. It seems … The post Security is about as good as a fart in a spacesuit appeared first on Chris Skinner's blog. Grid Opinion

Here is a New Idea to Blow Up Your Bank’s Strategic Planning

Banker to Banker

Chances are your strategic planning process is a good budgeting exercise, but a poor driver of strategy. If you are like 90% if banks out there, chances are your strategic planning process is not all that effective.

Bankers identify 2020’s greatest strengths and challenges

Bank Innovation

This exercise helps keep track of past triumphs for further success and turn past deficiencies into future victories. When preparing for a new year, it helps to assess what went well and what didn’t in the previous year. To understand where bankers feel their strengths lie heading into the new decade — and where they need to improve — CSI, a leading provider of fintech solutions, polled […]. Sponsored 2020 Aite Group Corporate Banking Retail Banking

Could Your Vendor Hold Your Data Hostage?

New York's State of Mind

If Governor Cuomo has his way, the Department of Financial Services will be establishing a bill of rights, which will include the right of consumers to exercise control over what personal information is collected, and the right to have this information […]. In states across the country, including New York, data protection is all the rage.

Plaid expands reach with Jack Henry partnership


I don’t want open finance to be a theoretical exercise. The shift toward API-based data sharing is gaining momentum.

Bank of America, Citi trim CEO compensation for 2020 in year of restraint

American Banker

Bank of America and Citigroup trimmed compensation for their chief executives in 2020, a year in which banks exercised restraint in compensating employees as the pandemic ravaged the economy. Bank of America American Bankers Association Citigroup Compensation

Beneficial finds local still sells in Philly

ABA Community Banking

Bank with savings roots grows via commercial, exercises caution on CRE Management Financial Trends CSuite Community Banking. 1Community Banking