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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.

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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? Cybersecurity.

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AltFin’s Bumpy Ride Into An Uncertain 2019

PYMNTS

percent since 2012. Unless we sort this out as a payments financial services ecosystem, we’ll be talking about things a lot more serious than a bunch of consumers feeling stressed out about paying their bills, but [about] managing to pay them somehow, some way, even if they’re late in paying them,” Webster said. That amounts to $13.2

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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. Companies like Fount and Liqid are digital asset managers with robo-advising capabilities. Sales and trading operations within banks can be lucrative.

America 101
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8 Connected-Economy Firms Expected To Light Up The IPO Market In 2021

PYMNTS

Robinhood offers an easy-to-use app to trade stocks commission-free, making the company popular with millennials. In addition to operating some 1,500 U.S. 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.

Marketing 198
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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.” . Among bridge millennials, Americans biggest earning and spending demographic, the figure jumps to 41 percent. According to PYMNTS data, 62.8

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The Great Online Innovation Pile On Of 2017

PYMNTS

Its “Whole Paycheck” image combined with the rise in availability of organic foods in more traditional grocery stores put pressure on its stock, which was in the dumper, and the management team to do something to turn things around. billion into Snap since it started in 2012, and its IPO in March of 2017 raised $3.4 Investors put $2.65