CB Insights

MARCH 14, 2018

Sudden volatility has shaken the markets and the state of wealth management. Find out what’s ahead for traditional wealth managers and wealth tech startups. Millennials stand to inherit approximately $30T from their parents, the baby boomers, in the coming decades, and both upstarts and advisors are vying for a piece of the pie.

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Millennials Trends Management Company 53

Let's Talk Payments

JULY 17, 2017

One of the most shocking things Limitless Co-founder Ka-ming Lim read in 2015 was that millennials had a negative savings rate. After over 20 years in the investment industry in.

Millennials 99

Millennials Industry US Management 99

Chris Skinner

FEBRUARY 3, 2017

Snyder, chief innovation officer at venture capitalist firm Safeguard Scientifics and a senior fellow at Wharton’s Mack Institute for Innovation Management. Scott’s thesis is as follows: [Bank] executives believe digital disruption will drive 40% of companies out of the top 10 in the next five years. million banking jobs by 2025.

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Innovation Millennials ATM Data 150

PYMNTS

JANUARY 14, 2017

That is a big drop from the 2015 report that indicated that 21 percent of consumers thought they were going to leave their descendants nothing but debt. About 60 percent of younger millennials think they can wipe out their debt by age 30. Among consumers who have debt, about 12 percent believe they will never pay off what they owe.

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Millennials Data Cards Study 100

CB Insights

NOVEMBER 5, 2019

There are just two China-based fintech businesses valued at over $100B in the world. The second, conceivably, is Tencent’s fintech business. In May 2019, Barclays released a note estimating the value of Tencent’s fintech business at $123B, or close to a third of the company’s total market cap. billion yuan).

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Fintech social media Analysis Marketing 51

Fintech Labs Insights

SEPTEMBER 22, 2015

Finovate History – Behind One of The Largest FinTech Conferences. The Latest FinTech Innovations For Millennials. By Millennial EH. Mobile, onboarding among dominant themes at FinovateFall 2015. Finovate Fall 2015: Day 1 Recap + 5 Highlights (and some interesting tidbits). FinTech startups.

Millennials 12

Millennials Video New York Innovation 12

Independent Banker

FEBRUARY 24, 2016

How millennials will accelerate innovation and technology change. It’s where older, profitable customers have been slower to adopt new banking technologies that not-yet-profitable millennials pick up quickly and easily. Millennials, who will make up half the U.S. Millennials, who will make up half the U.S. By Paul Schaus.

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Mobile Millennials Community Bank Community 70

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. Download the free report to find out how fintech is shaping the future of wealth management and investing. get the REPORT on next generation investors.

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Millennials Mobile Lending Cards 77

Fintech Labs Insights

SEPTEMBER 21, 2015

After every Finovate, it’s always fun to re-visit the event through the insight and wit of our community of passionate fintech professionals on Twitter. And FinovateFall 2015 is no different. So let’s take a look at some of the more creative, colorful, and consequential tweets of the FinovateFall 2015 Week That Was.

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UX Fintech Innovation Community 12

Independent Banker

NOVEMBER 25, 2015

A mix of players, FinTech firms pose threats and opportunities. Call them disruptors, upstarts or the voguish FinTech companies. See “Closing the Gap” in the November 2015 issue, online at www.independentbanker.org.). (See See “Closing the Gap” in the November 2015 issue, online at www.independentbanker.org.).

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Community Bank Community Analytics Lending 70

PYMNTS

MARCH 6, 2019

More women have finished college and started businesses, as well as work outside the home and fill management or supervisory blue-collar positions, than at any previous point in U.S. The first challenge, Biggar noted, is a typical FinTech challenge. In the 44 years since, much has changed for women all over the world.

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Regional Capital Study Leadership 179

Fintech Labs Insights

SEPTEMBER 17, 2015

This post is part of our live coverage of FinovateFall 2015. Hedgeable offers an ultra high net worth wealth management platform with zero minimum, making it accessible to 2.5B millennials worldwide. Hedgeable offers an ultra high net worth wealth management platform with zero minimum, making it accessible to 2.5B

Millennials 12

Millennials New York Risk Management Strategy 12

Jeff For Banks

MAY 31, 2017

Clearly he is not attending FinTech conferences. I sometimes quip that FinTech prognosticators are like futurists. In Brett King's 2012 book, Branch Today, Gone Tomorrow , he called for a 50% reduction in branches while asking what would banking look like in 2015. Between 2012 and 2015, there was a 4% branch reduction.

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Branch Strategies DC Groups Fintech 60

CB Insights

MARCH 26, 2019

Every few weeks, another story about the dreaded generation surfaces: millennials are killing casual dining; millennials are killing breakfast cereal; millennials are killing home ownership. Millennials aren’t shunning luxury goods; they’re just renting them instead of buying. Millennials are in debt.

Millennials 78

Millennials Industry Trends Branding 78

PYMNTS

JANUARY 25, 2018

trillion in cash in 2015, a higher rate than that of Western European nations. We’re seeing a lot of interest from emerging FinTechs and payment companies who really like the physical footprint of the ATM network,” he said. In the most recent PYMNTS Global Cash Index, United States Analysis found that Americans spent $2.5

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ATM Millennials FDIC New Jersey 100

Fintech Labs Insights

JANUARY 8, 2016

2015 was quite a year for the 800+ Finovate alumni. Here are the highlights from the 2015 Best of Show winners: FinovateEurope 2015. December: Named one of the top 50 Emerging Stars in the KPMG and H2 Ventures global Fintech 100 report. October: Named FinTech Forward 2015 Company to Watch.

Innovation 12

Innovation Mobile Fintech Cards 12

Jeff For Banks

MARCH 20, 2016

After its most recent capital raise in September, SoFi, a marketplace lender that focuses on millennials, has raised nearly $1.5 Since 2011, SoFi has funded over $6 billion in loans (through December 15, 2015). How good is their system compared to FICO, or other FinTechs that feel they are more evolved in credit risk management?

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Virginia Risk Management Capital Comparison 60

PYMNTS

APRIL 22, 2016

Other investors included Rakuten FinTech Fund, Greycroft Partners and e.ventures. Acorns itself acts as a robo-advisory company that works with other online firms that manage clients’ money. And with millennials as its targeted audience, there’s still room for mighty oaks to grow. percent for anything larger.

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San Jose Mobile Retail Survey 100

PYMNTS

SEPTEMBER 6, 2016

In the last four years, we’ve had the adoption of bitcoin, Samsung and Apple Pay and the explosion of FinTech,” said Jenkins. Of course, it’s not just the FinTech industry and tech-savvy millennials who are fueling digital change. “Payments had been relatively static with innovation around cash, checks and credit cards.

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Security CA Payments Big Data 100

Tech and Finance

JULY 13, 2016

“The inability for the majority of regional and mid-sized banks to keep pace with investment in digital technology became more apparent in the most recent survey, with online, mobile and ATM satisfaction levels all being below 2015 levels,” according to Marous. Some smaller banks are following their footsteps, but not enough.

Regional 28

Regional Mobile Millennials Study 28

Fintech Labs Insights

JANUARY 18, 2016

Four Finovate alums made up 40% of the weekly total: Taulia raised $46 million for its financial supply-chain management system. Year-to-date fintech companies have raised $450 million in new equity, 67% more than the $270 million raised in the first half of January 2015. Financial supply chain management. FinanceFox.

Company 12

Company New York City Fintech San Francisco 12

Gonzobanker

DECEMBER 22, 2015

Well, what do we say about 2015? And, give or take a stumble or two, we snuck through it and did a reasonable job on 2015 objectives, in our humble opinion. So, it seems we’re good with only one outstanding item—digest the 2015 GonzoBanker Awards! 2015 Executive Call-out. Bank project management offices.

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Community Bank Apple Community Technology 60

Fintech Labs Insights

APRIL 17, 2016

Envestnet offers wealth management technology and services to help advisory firms leave brokerages and compete with large financial institutions. Founded in 1999, it went public in 2000 and acquired data aggregation company Yodlee in August of 2015 for $660 million. Prior to that, he was managing director at Nuveen Investments.

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Tools Management Millennials Chicago 12

Insights on Business

JUNE 23, 2017

In the banking world, that means the “FinTechs,” companies that exist at the intersection between technology providers and financial service providers. FinTechs appeared on the scene about a decade ago and started cherry picking a number of financial services that had historically been provided by banks.

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Fintech Innovation Technology Branding 154

William Mills

MAY 11, 2016

This approach makes a lot of sense– but not sure if it would meet the governance and compliance considerations of most banks and investment management firms. ^SR 01:15 pm 10 Reasons Why Fintech Startups Fail. Download our latest white paper that discusses what it really takes to develop a successful Fintech startup.

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Video Lending social media Analytics 40

Fintech Labs Insights

MARCH 22, 2016

And if that holds true, 2016 is going to be a banner year as total deals are double the pace of 2015—285 vs. 139 in 2015. Here are the fintech deals by size from 12 March to 18 March 2016: Future Finance. Alt-lender targeting millennials . Lien rights management. Alt-lender to students. Total raised: $75+ million.

Company 12

Company New York City Fintech Colorado 12

William Mills

MAY 11, 2016

CreditHQ helps businesses manage cashflow. Managing cash flow – targeted at small business in partnership with banks. ^KT. Here’s another solution for document management and origination. ^SR. Presenting a programmable cloud – a fintech platform. ^KT. David Carr (Innovation Manager). Karl Falk (CEO).

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Video Mobile social media Analytics 40

CB Insights

FEBRUARY 1, 2019

Consider that: Half of Indonesia’s population is under the age of 30, with the number of millennials (aged 17-35) in Indonesia currently at 79.5M. GET THE 106-PAGE FINTECH TRENDS REPORT. Download the free report to learn about the biggest trends from fintech in 2018 and ones to watch for 2019.

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Policies Lending Operations Examples 61

Fintech Labs Insights

JANUARY 12, 2016

The announcement comes five months after investment manager BlackRock acquired FutureAdvisor for an undisclosed amount, prompting the robo-advisor to change its customer acquisition strategy from direct-to-consumer to business-to-business. FutureAdvisor is not the first Finovate alum with which BBVA has formed ties.

San Francisco 12

San Francisco New York Millennials Management 12

Abrigo

DECEMBER 15, 2016

In the 2015 Growth Strategy Survey by Bank Director , the most commonly cited areas for growth were Commercial Real Estate Lending, C&I loans, SBA loans, and Construction loans. This is compounded by the growing trend of Millennial small business owners. This was especially true for young start up firms in high growth stages.

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Lending Millennials Study Survey 150

CB Insights

AUGUST 16, 2017

This new unicorn cohort operates across industries, from fitness tech to cybersecurity to enterprise data management. Select Round Investors: capitalG, Goldman Sachs, Balyasny Asset Management. Select Round Investors: Y Combinator, Matrix Partners, Tiger Global Management. OUTCOME HEALTH. Valuation: $5.5B. Valuation: $1.8B.

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Meeting US Capital North Carolina 68

Fintech Labs Insights

NOVEMBER 10, 2015

Featured among the eight startups is FinovateFall 2015 alum Hedgeable , the first private bank for millennials. General manager of Ynext and chief strategy and development officer for Yodlee, Joe Polverari said his team was “blown away by the quality and diversity” of this year’s cohort.”

New York 12

New York Millennials Strategy Management 12

Fintech Labs Insights

DECEMBER 2, 2015

Founded in 2007 and headquartered in West Des Moines, Iowa, Social Money is geared toward millennials and Gen Y consumers – a point underscored by Flake. The Social Money acquisition is the second for Q2 in 2015. In July, Q2 Holdings acquired anti-fraud, risk management specialist, Centrix Solutions for $20 million.

Iowa 12

Iowa Austin Millennials Community Bank 12

Fintech Labs Insights

MARCH 24, 2017

Since that time, a few other competitors have launched and are beginning to build steam with their Millennial user base. The solutions are aimed at millennials and use an algorithmic approach to determine the best dollar amount and frequency to save on behalf of the user, based on their historical spend. Standalone, automated savings.

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Millennials Massachusetts Taxes Examples 15

Fintech Labs Insights

OCTOBER 22, 2015

” Pictured (left to right): Miranda Lanzillotti, Marketing Communications Manager, and Pamela Rice, Senior Vice President of Technology, for OnDeck, discussing lending APIs at FinDEVr 2014. Fortune magazine listed OnDeck as one of the 100 Best Places to Work for Millennials.

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Lending San Francisco New York City New York 12

CB Insights

AUGUST 14, 2017

This new unicorn cohort operates across industries, from fitness tech to cybersecurity to enterprise data management. Select Round Investors: capitalG, Goldman Sachs, Balyasny Asset Management. Select Round Investors: Y Combinator, Matrix Partners, Tiger Global Management. OUTCOME HEALTH. Valuation: $5B – $5.5B. AvidXchange.

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US Capital North Carolina Data 28

Fintech Labs Insights

OCTOBER 31, 2016

Artificial intelligence (AI) is not new to fintech, but in the past two years we’ve seen a jump in the sophistication and scale of its use across the industry. In a Fintech Trending post earlier this month, we highlighted Capital One’s live integration and Lloyd Bank’s proof of concept with Amazon’s Alexa.

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America Millennials Mobile social media 12