Tag: COVID-19

July 20, 2021

Distinct patterns and relationships have emerged in Africa and will continue to shift – across organisations, businesses, regulators, consumers and society. Green shoots have already presented themselves, and the future players have not only capitalised on this but have already […]

July 19, 2021

As card companies begin reporting second-quarter earnings this week, they’ll benefit from a consumer spending rebound. Still, spendthrift cardholders won’t necessarily translate into a bonanza for the card networks. The start of the COVID-19 pandemic depressed spending last year as […]

June 29, 2021

Royal Caribbean, which has restarted its cruises, said it is requiring that unvaccinated guests age 12 and older sailing from Florida homeports provide proof of travel insurance to cover any quarantine, evacuation and medical expenses related to COVID-19. The insurance […]

June 21, 2021

Despite the global economic slowdown in 2020 due to COVID-19, total agricultural lending by U.S. farm banks remained strong at $98.5 billion, decreasing by only 1.8% from the year before according to the American Bankers Association’s annual Farm Bank Performance […]

June 10, 2021

The COVID-19 pandemic had a significant impact on how consumers received and paid for their visits to hospitals, clinics, urgent care centers and doctor’s offices in 2020, a new survey from U.S. Bank revealed. The key findings: Virtual care and […]

June 2, 2021

There was a 20% increase in bank transfer fraud linked to romance scams in 2020 compared to 2019. National lockdowns exacerbated loneliness, and people turned to dating apps for companionship and connection – particularly singletons who lived alone. Unfortunately, fraudsters […]

May 10, 2021

The COVID-19 pandemic was an unexpected event that led to an economic recession, causing widespread concern and global shock. The banking industry was not immune to this. According to McKinsey, the problems caused by the pandemic for the banking industry […]

April 16, 2021

The Cyber Insurance market will register an incremental spend of about USD 13.97 Billion, growing at a CAGR of 26.70% during the five-year forecast period. A targeted strategic approach to Cyber Insurance sourcing can unlock several opportunities for buyers. This […]

April 13, 2021

Digital payments have clearly been catching on with the annual volume climbing by more than a billion annually in each of the past six years and the annual value growing by more than $1 trillion in each of the last […]

April 5, 2021

President Joe Biden said Monday he is not worried that a plan to increase corporate America’s tax bill would dampen the U.S. economy as it emerges from the Covid-19 pandemic. Asked whether he is concerned that the White House plan […]

April 2, 2021

With the rise of digital services and changing customer habits during Covid-19, the future of brick-and-mortar banking may seem in doubt. Looking ahead, physical bank branches remain crucial for any community bank’s outreach and distribution strategy, but their use and […]

March 24, 2021

With her memo, Fraser becomes the first CEO of a large, U.S.-based bank to embrace a hybrid schedule in writing. There will be exceptions to the three-and-two workday ratio, Fraser wrote. Some branch and data-center jobs, for example, can’t be […]

March 16, 2021

Durbin and Rep. Peter Welch, D-VT, sent a letter to the companies this month urging them not to increase fees. The merchants’ trade group Merchants Payments Coalition has also been pressing the credit card companies to hold off on a […]

March 9, 2021

The sheer amount of disruptions the banking industry endured in 2020 has cast a new light on banking industry trends. But will these disruptions translate into major shifts or further acceleration — especially with regard to digital growth — over […]

March 5, 2021

U.S. insurers are strengthening language in policies that cover business losses to protect them from future claims related to the coronavirus pandemic or other widespread illnesses that disrupt operations, industry sources say. New policies and renewals now define terms like […]

March 5, 2021

PayPal has been one of the few benefactors of the COVID-19 landscape, as consumers were forced to pivot from in-person contact and conduct most transactions virtually. But the company isn’t lowering its expectations as the end of the pandemic grows […]

March 3, 2021

LONDON — British Finance Minister Rishi Sunak announced Wednesday that U.K. corporation tax will increase to 25% in April 2023 as the government looks to restore public finances in the aftermath of the Covid-19 pandemic. In his Budget statement Wednesday, […]

March 1, 2021

Younger people, and especially those under age 45, are increasingly buying life insurance. In fact, applications for life-insurance policies jumped 4% in 2020 in the U.S., the highest annual year-over-year growth rate on record, according to the year-end MIB Life […]

February 19, 2021

This is a sizeable figure and one that could grow if the economic impact of COVID-19 worsens. According to one BBC report, two million people deferred repayments on credit cards and loans at the height of the pandemic in spring […]

February 2, 2021

Auto insurer Metromile has attracted $50 million in new investment from a former Uber executive even as it has obtained regulatory approval to formalize a reverse merger deal that will make it a publicly-traded company. Ryan Graves, Uber’s former senior […]