CB Insights

SEPTEMBER 10, 2019

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.

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Millennials Mobile Lending Cards 77

PYMNTS

JUNE 16, 2016

A lot of fuss is made over millennials and their proclivities toward things being easy. So, when it comes to something like digital banking , it’s not so much about finding what’s easy as it is about finding what service best meets millennials’ needs. Millennials to big banks: No thanks ….

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PYMNTS

DECEMBER 12, 2019

“We’ll still have existing revenue streams, and, in addition, we’ll add revenue from interchange on debit card transactions. The cash management feature is offered in partnership with a bank, and has debit cards, as well as deposits backed by the Federal Deposit Insurance Corporation (FDIC). stocks, exchange-traded funds and options.

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FDIC Millennials Management Fintech 135

PYMNTS

MAY 4, 2020

The FinTech startup, which works to help millennials get into equities, crypto trading and other options, has benefited from the quarantine’s effects as people stay at home and have time to explore new finance options. The company, launched in 2013, is now valued at $8.3 More market turmoil has also driven people’s interest.

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South State Correspondent

AUGUST 16, 2023

Home equity lines of credit (HELOCs) and bank card usage are up 24% and 17%, respectively. We are seeing the lowest origination totals since 2013. Consumer Credit – Cards There is a shift of capital occurring to the prime tiers of cardholders. The number of cards in the wallet is almost a full card at just shy of 3.

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Trends Cards Capital Data 195

PYMNTS

MAY 29, 2019

billion in 2018, up from under $1 billion in 2013. The company teamed up with Coinbase for a zero-fee branded cryptocurrency trading platform, and there are plans for a credit card by the end of the year. Previous SoFi investors include SoftBank Capital and Peter Thiel. percent annual percentage yield.

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PYMNTS

AUGUST 27, 2018

Credit card debt made it over the $1 trillion mark in 2017, making it the third non-mortgage lending category to have surpassed the ten-digit mark in measuring consumer debt. According to the Financial Times , the good news is that delinquent credit card debt, overall, remains low. percent, it is one-third lower than it was in 2013.

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Data Cards Millennials Groups 103

PYMNTS

MAY 23, 2017

The decline in debt between 2008 and 2013 was an aberration from what had been a 63-year upward trend reflecting the depth, duration and aftermath of the Great Recession. While mortgage delinquency rates continue to fall, delinquency rates on auto loans and credit cards are trending up. Diverging Trends.

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Millennials Lending New York Trends 108

PYMNTS

AUGUST 18, 2017

In Australia, cash and card-based payments have long been playing tug-of-war. In 2017, however, the balance seems to be tilting away from cash with contactless card-based payments powering close to a third of POS transactions. Since 2013, the median value of cash transactions has remained stable at $12. About the Index.

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Gonzobanker

OCTOBER 6, 2015

While bankers may be a bit fatigued this year by articles about payments, the more enlightened Gonzo bankers are paying close strategic attention to the single most impactful payments trend in our industry: the shift from a plastic card to a “card-not-present” world. times faster than card-based transactions.

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PYMNTS

NOVEMBER 4, 2019

It is rolling out a cash-back rewards program for its Venmo Mastercard debit card at certain retailers, as announced in a press release. The cash back will be deposited straight into users’ Venmo accounts, from where it can be used to pay friends in the app, buy things using the card or pay merchants that accept Venmo.

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PYMNTS

APRIL 4, 2019

The trend began to reverse in 2013 and household debt began to grow, albeit at a much slower rate that it had in the early aughts. The trend, according to the report, is visible in most major debt categories — particularly home and credit card lending.

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CB Insights

OCTOBER 31, 2019

FREE REPORT: MILLENNIALS AND THE FUTURE OF WEALTH MANAGEMENT. This recently granted patent (which was originally filed in 2013) takes a slightly new tact for the social network giant. For example, Apple released a similar PFM tool with its Apple Card , which gives users simple spending breakdowns in the Wallet app.

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Fintech Labs Insights

JANUARY 15, 2016

Available only via mobile app, imaginBank is a new initiative by Spanish bank, Caixabank targeting millennials. imaginBank provides customers with a complete array of financial services such as a commission-free current account, a Visa imaginBank debit card, and PFM tools, as well as up-to-date mobile and P2P payment technology.

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PYMNTS

APRIL 17, 2017

Not because he didn’t have a buyer, but because his buyer didn’t have that much cash— and McKelvey didn’t take credit cards. In 2013, Square Market offered its physical sellers — including those farmers market jam and jelly makers — the chance to go “omni” and expand their reach beyond their own local communities. The Bumpy Road.

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PYMNTS

APRIL 4, 2016

Not one to lose out on that sweet, Lee Greenwood-based revenue from millennials without a fight, the Pepsi to Coca-Cola’s Coke — AKA Pepsi — is launching its own interactive campaign this summer called “PepsiMojis.”. Soda consumption among teenagers dropped a daunting 24 percent from 2007 to 2013, according to a report by the CDC.

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social media Millennials New York Branding 100

PYMNTS

AUGUST 21, 2018

Adding to the fun — consumers born in the 1980s to 1990s (aka millennials) that are widely counted as the future of economy — carry the highest debt load of any generation according to the Federal Reserve Bank of St. Sixty-six percent have credit cards. Nearly 7 percent say they like and use credit cards regularly.

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NCR

MAY 9, 2017

Hawaii National Bank’s Hawaii Score enables existing bank customers and non-customers the capability to access a TransUnion credit report and score without the need for a credit card or an existing account with Hawaii National Bank. billion in 2013 to a peak of $27 billion in 2015. US investment in fintech rose from $3.3 billion.

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CB Insights

OCTOBER 10, 2018

Startups targeting retail and commercial banking are well funded: Collectively, these 61 startups have raised $3B across 173 deals since 2013. The core product is a digital-first app that tracks spending from a linked card issued by either MasterCard or Visa. Millennials. Underbanked/Unbanked.

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Retail Cards Millennials Mobile 78

PYMNTS

APRIL 13, 2018

According to a report issued by Moody’s earlier this week, the retail sector managed to notch a record number of defaults during Q1 2013, with nine retailers defaulting on their debt. A full-fledged nod, finally, to gathering speed at the POS – and how much millennials hate cursive.

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Fintech Labs Insights

JULY 14, 2016

Today, Student Loan Genius is inviting employers to do the same thing when it comes to millennial workers and student loan debt. He even carries the amount – $100,000 – etched on a business card. ” Company facts: Founded in 2013. Headquartered in Austin, Texas. Employs 14.

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FICO

AUGUST 15, 2018

We recently studied the impact of millennials’ student loan debt on their willingness and ability to obtain new mortgage loans. Many high scoring consumers took advantage of the historically low mortgage rates observed in 2012-2013 to refinance their mortgages.

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Trends Millennials Course Payments 53

PYMNTS

MARCH 7, 2016

Prepaid plastic cards delivered an opaqueness that cash in their physical wallets never did. Then there’s the digital banking movement and the land grab for the bank accounts of millennials. There’s only one problem – as a category, millennials don’t really have any money to put in those bank accounts.

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Payments Innovation Software Mobile 100

PYMNTS

DECEMBER 31, 2016

The startup drew jealous ire from competitor Facebook/Instagram , success from millennials and confused befuddlement from baby boomers this year, along with a $1.81 Apple Pay was adopted slowly and still isn’t particularly differentiated enough from card payments. billion funding round back in May. It seems to be working for it.

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Apple Security social media Study 109

Fintech Labs Insights

FEBRUARY 17, 2016

The startup, which is owned by online payments processing company Braintree (which PayPal purchased for $800 million in 2013 ) just exceeded $1 billion in payments processed in the month of January; the highest volume in a single month. ” The startup’s peer-to-peer payments service is popular among millennials.

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San Francisco New York Millennials Cards 12

Fintech Labs Insights

JULY 30, 2015

The upgrades balance greater functionality for younger millennials and Generation Z on the one hand, with increased transparency for parents – and regulators – on the other. It features a new P2P capability that allowed family to deposit funds into an Oink account that could be used to fund a parent-supervised Oink card.

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San Francisco Millennials California Apple 12

Fintech Labs Insights

MARCH 24, 2017

These types of companies debuted in 2011 with the launch of ImpulseSave * , which was acquired by Betterment in 2013. Since that time, a few other competitors have launched and are beginning to build steam with their Millennial user base. All they need to do it set up an account with their primary debit card and text the commands.

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Millennials Massachusetts Taxes Examples 15

PYMNTS

MARCH 13, 2019

But there are currently 32 million millennials living with a partner, he pointed out – well beyond the “getting to know you” period – who should be working on building better financial habits in tandem, but who often find it difficult to get started. News and World Report since 2013, writing about a … READ MORE.

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Gonzobanker

DECEMBER 19, 2016

see https://www.bloomberg.com/news/articles/2016-06-01/this-is-how-a-banker-in-brooklyn-makes-money-on-millennials ). A Shout Out for a Gutsy Call – Scott Reckard, a reporter for the Los Angeles Times, who first wrote about Wells Fargo’s branch pressure tactics in 2013. see [link] ). THE TECHNOLOGY AWARDS.

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Fintech Labs Insights

NOVEMBER 21, 2016

While much of the fintech world remains mesmerized by the millennial market, True Link Financial CEO and co-founder Kai Stinchcombe believes that Baby Boomers – and increasingly Gen Xers – are where it’s at. “We think seniors are the most exciting market in financial services today,” Stinchcombe said.

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San Francisco Capital Millennials California 12

PYMNTS

JUNE 21, 2016

This demand for timeliness and simplicity is evidenced by the demographics with which third-party delivery services are being most enthusiastically embraced: millennials, parents with children under 18, and city dwellers. During this time, you can add a promo code, change the suggested runner tip, and choose which card you’d like to use.

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Resources Operations Technology Boston 102

Fintech Labs Insights

JULY 22, 2015

Move over millennials: Santander UK has unveiled a new money management app called KiTTi , designed to bring twenty-somethings into the world of social savings. More than one KiTTi account can be managed by a single KiTTi card, and KiTTi can be used for payments in both the UK and overseas.

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Millennials Video Innovation Mobile 12

Gonzobanker

DECEMBER 19, 2016

A Shout Out for a Gutsy Call – Scott Reckard, a reporter for the Los Angeles Times, who first wrote about Wells Fargo’s branch pressure tactics in 2013. The Vanity is Alive Award – Goes to the Chase Sapphire Reserve card that went gangbusters with millennials who were willing to pay a $450 annual fee for a metal travel card.

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Utah System Community Marketing 60

PYMNTS

JULY 15, 2016

percent of its loans, down from 49 percent in 2013 – citing that validating income wasn’t essential to making a lending decision. The article also reported that Lending Club had verified income for only 26.8 Really, since when?).

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Retail FDIC Bitcoin Lending 100

CB Insights

OCTOBER 10, 2017

Ninety-two million millennials will soon be in what Goldman Sachs calls their “prime spending years.” These companies are making it easier to make a budget, invest, and buy stocks, as well as to get loans and credit cards. Robinhood’s clutter-free user interface design is flypaper for millennial audiences. bank accounts.

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Tools Millennials US Maine 78

Fintech Labs Insights

AUGUST 7, 2015

The company has developed a crowdsourced, mobile investment analysis solution geared toward mass-affluent millennials. Their cloud-based technology leverages Big Data to spot bank card data breaches. The company was founded in June 2013 and last demoed for Finovate as part of FinovateFall 2014 in New York.

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Fintech Labs Insights

JUNE 22, 2015

Having established itself as a goal-saving solution for millennials with its SmartyPig solution, Social Money is now gearing up for the next generation with its new partnership with educational lender , Sallie Mae. Upromise also provides a MasterCard credit card with a cash back for college plan, and a high-yielding savings account.

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San Francisco Iowa User Experience Millennials 12