Bank Director's 2026 Technology Survey reveals community banks view fintech firms like Block and PayPal as a bigger competitive threat than national banks for the first time, driven by regulatory changes and fintechs seeking bank charters. While 70% of banks lack strategies to attract Gen Z customers, 88% have AI policies and 72% use generative AI, highlighting tech adoption focus. Payments technology remains a priority, with 82% offering peer-to-peer payments and growing mobile and real-time payment options. Despite interest, most banks remain skeptical about cryptocurrency and stablecoins, with only a small percentage having strategies for these digital assets. The survey underscores banks' challenges in integrating new tech and the urgent need to address younger demographics to stay competitive.
PayPal, a key fintech competitor mentioned in the survey, is trading at USD 53.62 on Pluang, down 0.76% for the day. The stock's market cap stands at $46.22 billion as of Sep 15, 2026 22:12 WIB.
Affirm Holdings, a fintech company offering buy now, pay later services, saw its shares rise 6% following Wolfe Research's upgrade to an Outperform rating and a $90 price target, implying a 26% upside from $71.44. This positive analyst sentiment, inc...
PayPal's CEO Enrique Lores is moving forward with a plan to operate the company independently after a proposed $50 billion sale fell through. He aims to revamp struggling parts of the business, cut billions in costs, and enhance Venmo by adding budge...
Affirm's stock rose 5% midday Friday, recovering from earlier losses without any new company announcements or news. This sharp rebound appears driven by technical factors rather than changes in the company's fundamentals, as peers Klarna and PayPal s...
