Wednesday, 31 August 2022

In PayPal we trust

The New Asset Management State of Play
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Financial Services Beyond the Chart
What's happening?
Consumers' trust in digital banking is shifting from their primary financial institution
Banks and financial institutions (FIs) in the US are at a pivotal moment in their journey to earn the trust of their customers.

Our annual report US Banking Digital Trust Benchmark, now updated for 2022, ranks banks and neobanks by their degree of consumer digital banking trust and identifies the key features banks and FIs should focus on to earn and maintain the trust of their digital customers.

The report reveals that consumers' preferences are changing when it comes to who they're trusting with their banking needs. For the first time, consumers ranked PayPal above their current bank or credit union as their most trusted provider for banking services.

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Alipay and WeChat Pay advances can boost credit card use, fend off digital yuan
Chinese mobile wallet titans Alipay and WeChat Pay are trialing credit card cash advances, per China Daily. In partnership with banks including the Bank of Ningbo, China Everbright Bank, and Ping An Bank, users will be able to withdraw funds from their credit cards and transfer them to debit cards linked to digital wallets.

Credit card withdrawals could be a boon both to banks—which find themselves disintermediated by digital wallets—and to UnionPay, which holds a near monopoly in China's card market, by increasing card use.

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Alipay and WeChat Pay advances can boost credit card use, fend off digital yuan
The New Asset Management State of Play
In this report, we outline the factors behind key trends affecting US asset managers' product sets, distribution channels, and client servicing activities. And we spotlight the key growth strategies that leading asset managers will adopt to drive AUM growth.
Get the full report →
What to Read Today

Entireweb - Latest Search Engine News & Articles

[Analyst Webinar] How Our Top 15 Retailers Are Driving Sales

Consumer buying trends and spend forecast |
Insider Intelligence | eMarketer
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Though ecommerce sales will hit the $1 trillion mark this year for the first time, growth will slow as consumers spend less, focus on value, and continue to return to physical stores.

Retailers can gain market share by better understanding how their competitors are using marketing channels like social media and livestreaming to gain an edge.

Join me (register here!) as I share the latest trends on digital buying and product category performance and reveal our top 15 ecommerce retailers. I'll also serve up our new US ecommerce sales projections through 2026.
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Please reserve your seat today for Wednesday, September 14 at 2pm ET / 11am PT. I don't want you to miss out!

See you soon,

Suzy Davidkhanian
Principal Analyst

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