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Banks Must Up Their Social Media Game to Connect with Digital Natives

Gonzobanker

Traditional financial institutions that want to compete with fintech disruptors like Chime and X (formerly known as Twitter) need to up their social media game. population will soon be comprised of what’s known as “digital natives,” those born after 1989 who have lived their whole lives immersed in technology.

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China’s digital yuan pilot tally reaches $5.3B | Why millennials & gen-Zs are jumping on the buy now, pay later trend | Companies Going Public in 2021

Bussman Advisory

The latest edition of the FinTech Ecosystem Newsletter is here : The post China’s digital yuan pilot tally reaches $5.3B | Why millennials & gen-Zs are jumping on the buy now, pay later trend | Companies Going Public in 2021 appeared first on Bussmann Advisory AG.

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U.K. Bot Integration Aids Millennial Savings via Facebook

Payments Source

Millennials are experts at navigating social media and messaging apps, but they could use some help when it comes to managing their money, concluded the U.K. fintech team behind Plum, a new app aiming to bridge this chasm.

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Focus: New-To-Credit Millennials, Credit-Rating Systems & Borrowing Credit

BankBazaar

Owing much to the changes in banking trends and the emergence of fintech companies, millennials across India have become open to the idea of borrowing credit. It can safely be said that Credit Cards and loans are slowly becoming part and parcel of a millennial’s spending culture. Building awareness among millennials.

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HSBC Expands PayMe To Businesses With Beta Test

PYMNTS

According to a report in Fintech Futures , HSBC started the beta test with 15 retailers in Hong Kong. In the early part of 2017, HSBC announced the new payment app, geared toward millennials in Hong Kong who also wanted social media built in. HSBC, the U.K. Since its launch, HSBC said it has close to 1.5

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12 Industries That Will Thrive Thanks To Millennials

CB Insights

Popular media coverage of millennials often fixates on the industries the generation is allegedly killing and their supposed fiscal irresponsibility. Some industries benefiting from millennials’ increased spending power, such as travel, reflect well-worn Gen Y tropes like the general preference for “experiences” over things.

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Mobile Cards Key To Winning Bank Accounts

PYMNTS

Banks and legacy financial institutions (FIs) might be wise to study what disruptive technologies recently did to the print publishing industry, taxi cabs, network TV, and a host of other businesses that were disintermediated with little to no warning in recent years. And in surveys at least, they don’t exhibit much loyalty to FIs.

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