Bank Innovation
DECEMBER 15, 2017
Another digital banking startup has raised funding this week, this time to expand a current account offering aimed at students and millennials. Loot, a startup begun in 2014 by founder Ollie Purdue — who was finishing up school at the time of the company’s founding — has raised £2.2 million, or about $2.9
NCR
JUNE 21, 2016
According to a recent study , all four of the leading banks are among the ten least-loved brands by Gen Y, and one in three millennials revealed they’re open to switching financial institutions in the next 90 days. Millennials don’t like traditional banks and don’t see any stark differences between them.
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PYMNTS
JANUARY 8, 2019
But, he realized, there are plenty of customers who can get bank accounts pretty easily, but can’t afford to maintain an account at a more traditional bank. King and Britt launched Chime in 2014 to address that underbanked segment. ”
PYMNTS
JANUARY 12, 2020
Sujith Narayanan and Sumit Gwalani, both co-founders of Google Pay India — formerly called Google Tez — said the seed funding brings the neo-bank startup epiFi to a valuation of roughly $50 million. When we were building Google Tez, we realized that a consumer’s financial journey extends beyond digital payments.
PYMNTS
JUNE 7, 2017
And digital wallet adoption is growing at a slow but steady rate, with 13 percent of consumers indicating they have used a digital wallet in the last 30 days, up from 11 percent in 2015 and 8 percent in 2014. Fifteen percent of consumers said they had used a digital wallet in the past year.
NCR
AUGUST 14, 2017
Even if they are a shrinking part of a bank’s base, these consumers remain too numerous to be ignored. Assuming that everyone will naturally make the transition to digital banking at their own pace will be a mistake, and may see banks lose customers as people turn to financial institutions who they feel can better cater to their needs.
Independent Banker
AUGUST 9, 2016
Banking customers are no different. Statistics are especially compelling for those trying to attract and maintain the millennial segment. 2014, August 8). Consumers Say More Rewards Is Their Top Demand from Banks. Retrieved April 19, 2016, from https://www.colloquy.com/latest-news/2015-colloquy-loyalty-census/.
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