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A Step Ahead

Independent Banker

Among the flurry of soft drink, fast food and big-bank online campaigns, financial social media expert Amy McIlwain sees a tremendous opportunity for community banks to have their voice heard. If you’re an online bank or are simply looking for younger, more millennial-type customers, Twitter and Instagram are strong platforms to use.

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We analyzed 7 of the fastest-growing personal finance apps of all time to figure out the secrets to their success — here’s what we learned

CB Insights

Ninety-two million millennials will soon be in what Goldman Sachs calls their “prime spending years.” Bankrate found 83% of millennials don’t think they’ll ever retire: they simply “don’t think they’ll have the money” to do so.). In aggregate, they command $1.3 trillion in annual spending.

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Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

Alt-lender targeting millennials . HQ: New Oreans, Louisiana. Tags: Compliance, online banking, session recording, transcribing, archives. Total raised: $7.85 HQ: Los Angeles, California. Source: Crunchbase. Latest round: $5.6 million Series A. Total raised: $305.6 million (unknown mix of Debt/Equity). HQ: California.

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