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Off-Site ATMs Boost Financial Inclusion

There were 3.3 million ATMs worldwide at the end of 2017, 51 percent of which were located away from branches. The number and share of off-site ATMs continue to increase, with more than 15,000 new such terminals installed during 2017.

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Revenue from Women-Owned Businesses is Rising, but Credit Scores, Loan Amounts Have Fallen

The number of women-owned businesses that applied for funding in 2018 increased by 13 percent, although their funding amounts went down, according to an annual study of women-owned companies by Biz2Credit, an online credit marketplace.

The study, which included 30,000 companies nationwide in over 20 industries — including retail, healthcare, hospitality, construction and professional services, among others — revealed that the average loan amount for women-owned companies was $48,341 last year. The most common type of funding was working capital for business expansion.

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Consumers Shoulder Brunt of Fraud Burden

Complex and sophisticated fraud types remain at elevated levels, despite widespread adoption of anti-fraud measures. The recent shift to EMV cards is helping to contain existing card fraud, which showed the steepest decline of any fraud type in 2018. Yet, while existing card fraud losses dropped from $8.1 billion in 2017 to $6.4 billion and the incidence fell from 5.47 percent to 4.40 percent, high-impact fraud types like account takeover and new-account remain alarmingly common, found Javelin Strategy & Research’s 2019 Identity Fraud Study — statistics the firm maintains demonstrate that fraudsters continue to find and compromise new targets.

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Stemming the Student Debt Crisis

Private student loans could benefit students and banks.

By Alaina Webster

There’s a reason the current student debt conundrum in the U.S. is often referred to as a “crisis.” According to data from the Washington, D.C.-based Consumer Bankers Association, student loan debt has risen from $600 billion in 2008 to $1.5 trillion in 2018. Moreover, the New York Fed found that one in five borrowers in repayment is seriously delinquent or has defaulted on their student loans, and a recent chart from Raddon Research Insights shows that millennials who are shouldering student loan debt have higher levels of credit card and consumer loan debt but lower levels of real estate loan principle and lower deposit balances.

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The War on Deposits

Can regional banks compete … and win?

By Ashwin Gurnani

Eastern Front: Rising Rate Environment

In December 2018, besides raising the federal funds target rate, the Federal Reserve’s Federal Open Market Committee modified its guidance on rate increases in 2019, reducing the guidance from three to four rate increases down to two. The minutes of the meeting also included language on how the committee would be patient with future rate increases.

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