Remove 2012 Remove Innovation Remove Millennials Remove Operations
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DATA: How FI’s Innovation Gap Is Big Tech’s Big Opportunity

PYMNTS

As far as we can tell, the origin of the quote is from a 2012 Fortune article, with the author writing: “ A favorite Bezos aphorism is “Your margin is my opportunity.” . And while there are plenty of headwinds in pursuing those innovative opportunities – many so-called incumbent FIs may be running out of the proverbial runway.

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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 The media is now doing all kinds of piling onto Snap, claiming that they’re not worth the paper the IPO was printed on.

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Seeking Banking Balance Between Physical And Digital

PYMNTS

With more consumers moving to mobile transactions over visits to branches, some banks are considering closing brick-and-mortar locations to reduce operational costs. The price of real estate is prompting even the largest players in the banking world to scale back their branch operations. Staying on Top of Customer Expectations.

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Challenges for the neo-challengers: Four hurdles to overcome

Accenture

An obvious reason is the inroads they’re making into the market, both domestically and globally: recent Accenture research finds that digital-only banks operating in the UK could amass a total of 35 million customers globally within the next 12 months, up from 13 million today. Why the intense interest in the neo-challengers? Customer growth.

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Self-Storage Goes Digital, And Gets Neighborly

PYMNTS

We here at PYMNTS will leave it to others to hash out the truths of that view, but here is one thing we know: All that stuff is creating a tremendous opportunity for self-storage operators, especially those who know how to get the attention of younger consumers. Get ready for more movement, innovation and disruption in this space.

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AltFin’s Bumpy Ride Into An Uncertain 2019

PYMNTS

percent since 2012. High interest-rate arresting activity, as it turned out, was a theme throughout the year’s stories as well — e ven in segments where activity was, overall, quite innovative. Those older millennials between the ages of 30 and 40 have earning power, are well-educated and are settling into more stable careers.

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Why Banks Reach For The Unprofitable, Demanding SME

PYMNTS

Even so, FinTech innovators aren’t ignoring traditional FIs, with many developing solutions just for the banks to help them ease back into the game. The dominating narrative in small business lending is the rise in alternative finance to fill the gaps left behind by traditional banks.

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