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How Sezzle Wants To Help Millennials Without Sizzling Credit

PYMNTS

Among millennials, that number drops below 30 percent. Millennials don’t have credit cards because they don’t have FICO scores, or at least not the kind of FICO scores that inspire issuers. “If Paradis thinks that’s bad for millennials — many don’t agree — and the merchants who want their business. The Sezzle Experience.

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LendKey And Unlocking A Generation Of Borrowers For Small Banks And Credit Unions

PYMNTS

And that, Passione said, is an opportunity for lenders who, in the years since the Great Depression, have found themselves struggling to build relationships with millennial consumers and who have taken a sort of “chilly” outlook toward traditional financial institutions (FIs). Lending-as-a-Service.

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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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Laying the Groundwork for Growth

Gonzobanker

Meanwhile, Wells plans to close 450 branches by 2019, BofA has closed 1,600 branches since 2009, and Chase closed 365 since 2015. Customers expect to be able to use their mobile devices to do all their day-to-day activities, and strong digital capabilities can attract and retain not just millennials, but all new customers.

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FICO Research: Broader Mix of Consumers Obtaining New Mortgages

FICO

We recently studied the impact of millennials’ student loan debt on their willingness and ability to obtain new mortgage loans. Figure 1 contains a FICO® Score distribution for mortgages opened in different periods between 2009 to 2017.

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Squaring The Circle That Is Square

PYMNTS

In a conversation with economist and author of “Matchmakers: The Economics of Multi-Sided Platforms,” David Evans, in 2009, Co-Founder and CEO Jack Dorsey initially hinted at ambitions of controlling both ends of the payments ecosystem with what he called a “more elegant” payments experience. And industry pundits fell in love.

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The ‘Uber Of Nothing’ Is Coming

PYMNTS

Venmo is a massively successful P2P platform that has become a verb with millennials who wish to pay each other after a trip or a night out. Venmo was established in 2009 and acquired by Braintree in 2012 for roughly $26 million. Online lending marketplaces are platforms whose model is starting to show signs of strain.