Survey Shows Bank Executives Fear New Payments Tech the Most

A new survey by Promotory Interfinancial Network of 543 senior bank executives showed that their number one fear is the payments services Apple Pay, PayPal, Stripe and Venmo; their second bigger fear is competition from online lenders and third was online investment advisory platforms; interestingly 40% of bankers said they expect no significant change to deposit competition in the coming year despite the rise of fintech companies like Chime, Varo, MoneyLion and others; this is likely because interest rates are going down. Crowdfund Insider

  • With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!