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Seeking Banking Balance Between Physical And Digital

PYMNTS

Chase, Wells Fargo, Bank of America and Citi, to name a few, all scaled back their physical bank branch locations between 2012 and 2016, according to the Federal Deposit Insurance Corporation (FDIC). Results also noted this generation is less likely to open a bank account if physical bank locations are not available in their communities.

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AltFin’s Bumpy Ride Into An Uncertain 2019

PYMNTS

percent since 2012. This is a frugal generation [millennials] that realizes that a mortgage with tax payments and insurance included is still much lower than paying rent, especially in desirable markets. According to the Federal Reserve , U.S. consumers owe roughly 26 percent of their annual income to debt, up from 22 percent in 2010.

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12 Industries Experts Say Millennials Are Killing — And Why They’re Wrong

CB Insights

Every few weeks, another story about the dreaded generation surfaces: millennials are killing casual dining; millennials are killing breakfast cereal; millennials are killing home ownership. Millennials aren’t shunning luxury goods; they’re just renting them instead of buying. Millennials are in debt.

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Fintech'ers Will Be Right on Branching. Unless Bankers Act.

Jeff For Banks

In Brett King's 2012 book, Branch Today, Gone Tomorrow , he called for a 50% reduction in branches while asking what would banking look like in 2015. Between 2012 and 2015, there was a 4% branch reduction. I also believe that branches can be developed as competitive advantages for community financial institutions. Common sense.

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Why Banks Reach For The Unprofitable, Demanding SME

PYMNTS

“The communities and local economies that they serve rely on this capital to succeed and thrive.” ” “They expect to be able to apply for a loan while sitting on their couches with their iPads,” he continued, adding that the rise in millennial-owned SMEs could be a driving force behind this.

Lending 100
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The Great Online Innovation Pile On Of 2017

PYMNTS

In 2015, the tech media was gaga over Snap and its ability to corral the so-called most valuable eyeballs in media: the millennial. billion into Snap since it started in 2012, and its IPO in March of 2017 raised $3.4 And the once-adoring tech and analyst community have turned ugly. What a difference two years makes.

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How About Profits in the Branch of the Future?

Jeff For Banks

So went the 2012 press release announcing the opening of the next generation of the bank branch. Malls are experiencing difficulty in the United States, as millennials opt for smaller, urban environments to shop. Since 2006, community banks have recognized the need for greater balances in branches to improve profitability.