article thumbnail

What #Banking Trend Will Have the Greatest Impact on Your Bank?

Jeff For Banks

And then what happened in 2004-06 happened again. Consumer Demographics and Changing Customer Demands Remember all the pre-pandemic talk about millennials? You couldn't go to a conference without every presenter having millennial this or millennial that on their slide decks.

article thumbnail

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

CB Insights

Eighty percent of those customers were first-time home buyers and millennials were twice as likely to use their product as a competitor. Burdened by student debt and costly urban rent-rates, first-time, millennial home buyers in the US are struggling to manage their personal finances to qualify for home loans.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Could Grubhub Become The Amazon Of Restaurants?

PYMNTS

Grubhub founders Matt Maloney and Mike Evans wanted to solve a simple problem in 2004: make it easy for consumers to order food from local restaurants and have it delivered. This new restaurant paradigm is catching on as consumers’ penchant for delivery and convenience is increasing as quickly as the costs of operating a restaurant are.

Online 125
article thumbnail

The Curious Case For Breaking Up Tech Giants

PYMNTS

percent of today’s millennials will never make more than their parents. Access to data and the ability to mine, analyze and apply it has only expanded those possibilities for both businesses and consumers — and impacted how nearly all businesses operate. In 2004 in the U.S., What they discovered was sobering: 56.5

Google 148
article thumbnail

Closing the Case for Customer Centricity & Digital Transformation

FICO

The rate of auto insurance loyalty has fallen to 48% today from 59% in 2004, a 27% drop; over the past year, the rate of switching among insurance shoppers has increased to 35% from 31%, helping to drive down overall insurance customer retention by two percentage points to 88%.

article thumbnail

2019: What To Take Forward And What To Leave Behind

PYMNTS

For bridge millennials, those consumers between the ages of 30 and 40 who are the first generation of connected consumers with spending power, those percentages are even higher: 31 percent own a voice-activated device, 55 percent of whom used it to make a commerce purchase in the week we asked them to report on their purchasing experiences.

Mobile 205
article thumbnail

Killing The I-Bank: The Disruption Of Investment Banking

CB Insights

While the rules against prop trading have more recently been loosened, the restriction has still changed how investment banks operate. Even as the regulation pendulum swings back toward more limited oversight, how investment banks operate is fundamentally changing. Table of contents. The disruption of the IPO.