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From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

While the media often portrays millennials as preoccupied with the rising prices of festival tickets and avocado toast, their real financial concerns are a bit more practical. But millennials face significant headwinds in making those financial dreams a reality. get the REPORT on next generation investors. From big banks to big tech.

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Killing The I-Bank: The Disruption Of Investment Banking

CB Insights

In the US, legislation emerged to forbid investment banks from prop trading, or trading with their own capital, and forcing them to keep more capital on hand. Taking a hefty fee mitigates the investment bank’s risk by insulating it from the stock’s actual performance in the market. Source: Getty. STAYING PRIVATE.

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Mortgage Tech 101: What It Is & Why It’s Taking Off Now

CB Insights

The impact of tech on the mortgage market is still in the early innings. Banks have receded from mortgage lending for a host of reasons, principally because the cost of complying with strict regulation from the Consumer Financial Protection Bureau on loan qualification and capital requirements has made the business more expensive.

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Closing the Case for Customer Centricity & Digital Transformation

FICO

As Sherlock Holmes observed in “A Scandal in Bohemia”, “It is a capital mistake to theorize before one has data. Millennials in particular tend to distrust corporations and financial institutions (86%), the government (82%) and the press (88%). Insensibly one begins to twist facts to suit theories, instead of theories to suit facts.”

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The Curious Case For Breaking Up Tech Giants

PYMNTS

There’s been no shortage of capital to start new businesses. That’s not because the Big Four have or had the market locked so they never had a chance, but because a mobile-centric world creates a very different set of expectations around what consumers want from the businesses with which they interact. In 2004 in the U.S.,

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