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8 Connected-Economy Firms Expected To Light Up The IPO Market In 2021

PYMNTS

Many enjoyed huge first-day price pops, heating up the IPO market even more — and 2021 seems poised to only continue the fireworks. Popular stock-trading app Robinhood Markets reportedly recently hired Goldman Sachs to lead a possible 2021 IPO that would value the company at more than $20 billion. Robinhood ($20 Billion+) .

Marketing 198
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AltFin’s Bumpy Ride Into An Uncertain 2019

PYMNTS

There were plenty of tailwinds that pushed the segment forward: A strong economy, healthy consumer interest in credit and advances in credit scoring technology were all instrumental in pushing more consumers into the market, particularly in the first half of the year. percent since 2012. According to the Federal Reserve , U.S.

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PayPal Deal, Connected Economy And Cyberwar Top Week’s News

PYMNTS

Founded in 2012, Honey has grown from an eCommerce price-tracking tool to an expanded suite of services that includes a shopping assistant and rewards program. David Chubak will head all retail sectors — branches, mortgages, wealth, risk management and small business, according to a memo. Battle For Millennials.

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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? Profitability.

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Unbundling Bank Of America: How The Traditional Bank Is Being Disrupted

CB Insights

The pandemic has also accelerated recent trends in banking, especially among the millennial demographic, which tends to favor digital banking and online brands over traditional banks. Tech companies are chipping away at the traditional bank’s market share. get the full 45-page disrupting investment banking report.

America 101
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More comments on the “branch is dead” debate

Celent Banking

Another observation is that much of the debate is deeply polarized – all or nothing – as if banks serve a static and homogeneous market. We hear it all the time; “Millennials don’t use branches.” “Old The survey (an online survey administered with a managed panel of nearly 3,000 consumers designed to be representative of the U.S.

Survey 100
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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.” . A trillion-dollar market cap later, it’s hard to argue Amazon’s effectiveness, quote attribution notwithstanding. According to PYMNTS data, 62.8