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By 2030 Millennials Will Have $20 Trillion In Wealth. Here’s What They Want In Robo-Advisors

Bank Innovation

Millennials are expected to have $20 trillion in wealth by 2030, according to a July 2018 CB Insights study. Marketing investment options and robo-advisors to this mobile-centric group will require a specific strategy. Currently, millennials’ combined financial assets come up to $4.5 trillion in wealth.

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Facebook's Libra Hires HSBC Veteran As Managing Director

PYMNTS

The Libra Association has named James Emmett as managing director of Libra Networks, the association’s operating company subsidiary. Mint’s decision to phase out the production of pennies next year, a partner at Andreessen Horowitz, a California-based venture capital firm, said money will be digital by 2030. On the heels of the U.S.

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Kia Rolls Out Connected Car Subscriptions Via Zuora Platform

PYMNTS

Subscription management platform provider Zuora is working with Kia Motors America to offer connected car subscriptions. Kia anticipates that it will adopt connected car technologies across every vehicle segment by 2025, and is aiming to make every vehicle model a connected car by 2030.

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The Rise Of eCommerce And Digital Banking Innovations

PYMNTS

And in innovation, Banking-as-a-Service (BaaS) is making it simpler for companies and FinTechs to create functions for sending and receiving payments in addition to managing banking data. 3.6T: Projected size of the "embedded finance" market by 2030. 3.6T: Projected size of the "embedded finance" market by 2030.

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Meeting Diversifying Wealth Management Needs in 2021

PopularBank

As we look to the year ahead, diversifying wealth management needs and client expectations continue to challenge financial consultants and advisors. The Great Wealth Transfer will continue to drive diversifying wealth management needs in 2021. By 2030, this group will be in control of more than $15 trillion of inherited wealth.

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Saudi Arabia’s Open Banking Plan Aims To Advance Digital Innovation

PYMNTS

Aside from providing banking customers in the Kingdom with a way to securely manage and share financial data, open banking will also give people access to custom products and services. This initiative aligns with priorities set for both Saudi Vision 2030 and for the Financial Sector Development Program (FSDP).

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Where The Paths Of Fleet And Corporate Travel Management Intersect

PYMNTS

Lyft made progress over its rival Uber this year when corporate travel and expense management firm Certify released data that found a 9 percent increase in the percentage of Lyft ride-hailing trips expensed on its platform. The ride-hailing and ground transportation competition in the U.S. “It just drives me crazy,” he said.