/retail banking

News and resources on retail banking, consumer finance and reinventing customer experience in finance.

Francisco Jaramillo

Banking as a Service (BaaS), a Spanish success story

Francisco Jaramillo - Managing Director - Spain, Solarisbank
Discussion
Tide launches pre-paid cards for Indian SMEs
Dina Bharkhda

Dina Bharkhda

  This is fantastic news!! way to go.  
Crypto lender Vauld suspends withdrawals
Ketharaman Swaminathan

Ketharaman Swaminathan

  We've seen the banking regulator stopping withdrawals from banks on the verge of failing. Crypto lenders and exchanges do it on their own.  Whatever does "run on a bank" even mean?
Klarna exec blasts 'mind-boggling' Barclays BNPL research
A Finextra Member

A Finextra member

  Then they will be well placed to weather the storm....  We can follow the stock price in successive funding rounds.... some more on the fundamentals:  1. Klarna’s total operating expenses climbed 70% last year to 15.7 billion Swedish krona ($1.6 billion), but total operating income rose only 38% in 2021 to 13.8 billion krona ($1.4 billion). 2. Still, Klarna said its operating losses for the 2021 calendar year widened to 6.58 billion krona, or $688.85 million, from 1.63 billion krona in 2020, Reuters reported.  3. According to data from the New York market research firm Yipitdata, Affirm dominates the U.S. market with a 40% market share, based on payments volume, followed by Klarna with 19.6%, Afterpay with 16.4%, PayPal’s Pay in 4 offering with 11% and Zip with 4.2%. The universe of rivals is rounded out by smaller players that have been acquired or will be soon, including Sezzle, which was swallowed this year by Zip. 4.As growth slows, it will become harder for BNPL providers to make money, partly because it will become more difficult to satisfy the demands of customers looking for the best deal. That in turn will make it tougher to meet the expectations of investors looking for a return on their investments. None of those efforts will be easy or cheap.
Klarna exec blasts 'mind-boggling' Barclays BNPL research
Ketharaman Swaminathan

Ketharaman Swaminathan

  No, no, the higher valuation was because of Klarna's sound business model and solid performance aka intrinsics whereas the lower valuation is because of worsening macroeconomic conditions aka extrinsics.