Remove 2010 Remove Innovation Remove Lending Remove Millennials
article thumbnail

A Decade On, Lending Transformed By Crisis And Innovation

PYMNTS

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Necessity is the mother of invention. Mortgages ?

Lending 148
article thumbnail

AltFin’s Bumpy Ride Into An Uncertain 2019

PYMNTS

consumers owe roughly 26 percent of their annual income to debt, up from 22 percent in 2010. The rising rates have not only made debt more expensive, but they have been a weight on loan growth across both bank and FinTech lending platforms in the back half of the year. According to the Federal Reserve , U.S. That amounts to $13.2

Insiders

Sign Up for our Newsletter

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

article thumbnail

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.

article thumbnail

Innovation in the Asset Management industry

Tefkin

On the “Beta” end of the scale, ETFs are steadily becoming one of the most successful innovation in recent decades. Lendingclub has provided attractive returns to individual investors who would never have had the possibility to directly invest in consumer lending with the necessary diversification. Commoditization of Analysis.

article thumbnail

Why Household Finances Under The Hood Don’t Look So Good

PYMNTS

Or are the 27 percent of the population — those high-income Bridge Millennials and Gen X-ers with college degrees who are steps away from financial catastrophe — happy, even if they do report feeling more positive about the stability of their financial situation than they did this time a year ago? Are the more than a third of U.S. Today, U.S.

Cards 122
article thumbnail

The 2019 GonzoBanker Awards

Gonzobanker

It is an innovator with tech (e.g., The workplace a millennial will most confuse with Silicon Valley – Live Oak Bank in North Carolina. Netflix co-founder Marc Randolph said the leading trait of an innovator is identifying pain. Sorry Millennials, you are now so yesterday like GenX and the OK Boomers. Might be time to.

Idaho 148
article thumbnail

Why The Next Big Connected Commerce Play Is Television

PYMNTS

That might not be a crazy assumption: Reports from Nielsen reveal that television viewership by that demographic has declined more than 40 percent since 2010 and is off 11 percent year over year for the older half of millennials aged 25 to 34.