PYMNTS

FEBRUARY 26, 2019

According to a report in Fintech Futures , HSBC started the beta test with 15 retailers in Hong Kong. In the early part of 2017, HSBC announced the new payment app, geared toward millennials in Hong Kong who also wanted social media built in. HSBC, the U.K. Since its launch, HSBC said it has close to 1.5

social media 178

social media Millennials Fintech Retail 178

Insights on Business

OCTOBER 10, 2017

At Sibos 2017 in Toronto IBM will show how we are empowering global banks by helping them digitally reinvent for tomorrow. Through our solutions in cognitive, cloud, payments and blockchain, IBM is guiding the financial industry through a period of unprecedented change – watch for IBM news from Sibos 2017 !

blockchain 87

blockchain Customer Experience Compliance Fraud 87

PYMNTS

SEPTEMBER 10, 2019

FinTech competitors like Stripe and Square charge an additional fee to receive payments faster than one to two business days. JPMorgan acquired Silicon Valley’s WePay in December 2017. JPMorgan’s strong Q2 performance can be credited to a growing millennial customer base and continued digital innovation.

Millennials 194

Millennials cryptocurrency Cards Payments 194

FICO

AUGUST 19, 2022

Tackling the Fintech Threat: A Guide for Banks and Credit Unions. What financial institutions need to compete with fintech threat disrupters. As FinTech funding rises to new record levels – $131.5 According to a 2022 report by Cornerstone Advisors , the percentage of Gen Z, Millennial, and Gen X consumers in the U.S.

Fintech 52

Fintech Millennials Lending Tools 52

PYMNTS

APRIL 8, 2019

The latest estimates from the Small Business Administration (SBA) peg the number of new SMBs at 414,000 each year, spurring job creation and economic growth for the country, with millennial entrepreneurs at the helm. The high failure rate of a new small business has entrepreneurs focused on simply surviving their first few years in operation.

Strategy 279

Strategy Millennials Data Online 279

PYMNTS

SEPTEMBER 16, 2019

In the payments ecosystem, we need look no further than the bridge millennial for how the connected purchasing experience will evolve over the next decade. Bridge millennials own slightly more devices than the average consumer in our study: six devices compared to the roughly five that most consumers own. This group of 60 million U.S.

Millennials 222

Millennials Study Course Trends 222

PYMNTS

MAY 23, 2019

Zero, a company that aims to modernize credit cards for the millennial generation, has raised $20 million in a Series A funding round, according to a report. million raise in the fall of 2017, which was led by Eniac, and it also raised $7 million in venture debt from Silicon Valley Bank. Zero announced an $8.5

Cards 135

Cards Millennials FDIC ATM 135

PYMNTS

DECEMBER 28, 2018

According to the PYMNTS/Unifund Financial Invisibles Report , 81 percent of participants said their financial situations have either remained stable or improved since last year, and the number of consumers seriously delinquent on debt dropped 11 percent between Q4 2017 and Q2 2018. Resetting Mortgage Services.

Millennials 145

Millennials Lending System Data 145

William Mills

APRIL 20, 2017

JPMorgan Chase, Ellie Mae, USAA, and Quicken Loans were part of a panel discussion on their perspectives about fintech. An interesting local angle discussed at MBA Tech was the growth of fintech in the city of Detroit and what it means for its citizens and the industry. The post MBA Tech 2017: Blockchain, APIs and Robots, Oh My!

blockchain 46

blockchain Detroit Conference Knowledge Base 46

PYMNTS

MARCH 9, 2018

Today in PYMNTS data, Verifone’s first-quarter earnings largely met expectations, B2B FinTech firms are targeting millennials and small- and medium-sized businesses (SMBs) with digital financial services and blockchain appears to have real potential for market disruption. 206 million | Value of U.K.-based

blockchain 101

blockchain Data Millennials cryptocurrency 101

PYMNTS

MAY 23, 2017

trillion at the end of the first quarter of 2017, up $473 billion from a year ago and $50 billion above the previous 2008 record. The household debt of 2017 is somewhat different than its 2008 equivalent, since the figures are not adjusted for inflation, wage increases or population size. household debt hit $12.73 The Debt Realigned.

Millennials 108

Millennials Lending New York Trends 108

FICO

MAY 23, 2017

Millennials hate banks, so much so that a majority would rather visit the dentist than listen to what banks are saying. New fintech products—across a wide range of areas including lending, wealth management, and payments—are going to lead to the unbundling of the financial services industry. Silicon Valley is coming.

Fintech 40

Fintech Millennials Survey Lending 40

PYMNTS

OCTOBER 4, 2017

On September 15, 2017, Phase 2 of NACHA’s same-day ACH rule change went into effect, enabling same-day ACH debits. Newer FinTech-backed P2P payments services like Venmo and Square Cash have caught on with millennial consumers in particular. billion during the first half of 2017.

Report 101

Report Millennials Payments Trends 101

CB Insights

AUGUST 2, 2018

One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. get the 86-page fintech report.

Cards 71

Cards Fintech UX Strategy 71

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).

Fintech 51

Fintech social media Analysis Marketing 51

CB Insights

JULY 11, 2019

Today, there are over 20 fintech startups that have crossed the 1 million customer account mark, according to CB Insights data — including Acorns , Robinhood , SoFi , Coinbase , and Credit Karma , among others. oVER 20 Fintech startups with 1m+ customer accounts. fintech startups are Changing the consumer experience.

Fintech 64

Fintech cryptocurrency Examples Cards 64

PYMNTS

JANUARY 10, 2018

And when we talk about our world, we mean not just payments, but FinTech more broadly – and, even more broadly than that, commerce,” she said. In many ways, according to Neale, it was a traditional corporate accelerator model at launch. Efforts to mentor and develop those programs have borne fruit.

Company 194

Company Meeting Millennials blockchain 194

PYMNTS

DECEMBER 22, 2016

PYMNTS.com spoke with Britt in June about how digital banking is appealing to millennial customers. As 2016 wraps up, PYMNTS reconnected with Britt to reflect on the year in banking and look ahead to what 2017 could have in store. The millennial advantage. Doing what the big banks won’t? Coming soon … more connectivity.

Millennials 100

Millennials Digital Banking Mobile Industry 100

PYMNTS

SEPTEMBER 16, 2019

In 2019, 31 percent of all consumers reported that they owned at least one voice-activated device, up from 14 percent in 2017. Not only has the share of consumers who own connected devices more than doubled since 2017, but they are also more likely to use those devices to make eCommerce purchases.

Report 188

Report Study Meeting National 188

PYMNTS

DECEMBER 11, 2018

And that’s unlikely to change in 2019 or beyond, given the growing purchasing power of bridge millennials. up 30 percent from 2017, according to figures from First Data and a recent year-end webinar conducted by Glenn Fodor, head of First Data insights. FinTech and banks are becoming the best of friends,” he said.

blockchain 170

blockchain Retail Trends Mobile 170

PYMNTS

OCTOBER 5, 2017

The fight for dominance in the person-to-person (P2P) payments market has escalated over the past few weeks, with banks and credit unions rolling out a new service to help them compete with newer FinTech companies. billion during the first half of 2017. Selling Parents (And Their Millennial Kids) on P2P.

Millennials 100

Millennials social media Survey Payments 100

PYMNTS

JANUARY 10, 2020

The San Francisco-headquartered startup runs membership-based healthcare clinics and was launched by internal medicine doctor Tom Lee, who served as the company’s CEO until 2017. Battle For Millennials. Hundreds Of FinTechs Move From UK To EU Ahead Of Brexit. Alphabet-Backed Healthcare Startup, One Medical, To IPO.

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San Francisco Millennials Cards cryptocurrency 130

PYMNTS

JUNE 17, 2019

FPS was developed and piloted with the collaboration of a dozen Russian banks and payment service providers, including Alfa Bank, Gazprombank, Raiffeisenbank and TB, all of which belonged to the Fintech Association founded by the Central Bank of Russia. This means that the FPS implies equal rights and opportunities for all participants.”.

Payments 201

Payments System National Mobile 201

PYMNTS

JUNE 24, 2019

The Clearing House, a banking association, launched its Real-Time Payments (RTP) network in November 2017. There are opportunities for FinTechs in this space to facilitate on-demand wages where that service is prohibitive for many employers because of the increased administrative burden of payroll. transaction accounts.

Payments 162

Payments System Millennials Community Bank 162

PYMNTS

SEPTEMBER 18, 2018

The rise of FinTech offers a bit of a prism through which to view those events. The World Economic Forum (WEF) has noted that half the world’s population is under 30, and a 2017 survey has found that the traditional financial services model – aka the banks – has no real place in the younger generations’ hearts. Behind the Numbers .

Lending 148

Lending Innovation Fintech Cards 148

CB Insights

DECEMBER 15, 2020

As with numerous other industries, the Covid-19 crisis has propelled digitization in the space — with fintechs and financial services incumbents alike. Between 2017 and 2060, it’s expected that approximately $50T will change hands in what will be the largest aggregated transfer of wealth in history. Source: Deloitte.

Management 87

Management Fintech Industry Trends 87

Abrigo

JANUARY 13, 2020

Cross-selling to stem “hidden defections” (when a financial institution’s customer purchases an additional banking product from a competing bank) represents huge untapped opportunities for institutions, according to a 2017 study by Bain & Company involving a survey of more than 133,000 banking customers in 22 countries.

Lending 150

Lending Study Survey Community 150

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

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.

Millennials 77

Millennials Mobile Lending Cards 77

Fintech Labs Insights

APRIL 11, 2017

Guest post by Theodora Lau, Director of Enterprise Strategy and Innovation at AARP, a sponsor of FinovateSpring 2017. Update: Check out a copy of AARP’s April 2017 Financial Innovation Frontiers report online. billion in revenue in 2017 for the traditional banking industry. Welcome to the New Frontier of Fintech!

Fintech 18

Fintech Innovation CA User Experience 18

PYMNTS

MARCH 6, 2019

According to Fortune , the average deal size for women-led businesses in 2017 was roughly $5 million, while male-led firms averaged around $12 million. The first challenge, Biggar noted, is a typical FinTech challenge. Teams with at least one female co-founder raise 18 percent, and all-female teams bring in about 2 percent.

Regional 179

Regional Capital Study Leadership 179

PYMNTS

JULY 31, 2017

The 2017 report from FIS surveyed nearly 500 SMEs in the U.S. The statistic, the report said, also suggests that small businesses are in need of cutting-edge solutions and are eager to adopt innovative services as more small business owners emerge from the millennial generation. with revenues up to $500 million.

Survey 112

Survey Community Bank Community Regional 112

Insights on Business

JULY 19, 2017

Lofty expectations by millennials, FinTech upstarts, stinging memories of the financial meltdown, and a growing body of stringent regulations are just a few causes for industry-wide upheaval. 1] Based on data from IDC WW Quarterly Enterprise Storage Systems Tracker file, March 2, 2017. 92 of the largest 100 banks run on IBM Z.

Data 143

Data Leadership System Industry 143

PYMNTS

JANUARY 25, 2018

PYMNTS recently spoke with Ben Isaacson, senior vice president and general manager of payments for Cross River Bank, who discussed how the FI’s newest offering addresses the needs of underbanked consumers and millennials, and why he believes it could spell trouble for the U.S. Postal Service (USPS). The ATM Real Estate Advantage.

ATM 100

ATM Millennials FDIC New Jersey 100

William Mills

AUGUST 17, 2016

Between September and October, we’ll see a host of new companies, ideas and innovation, and we’ll hear from the “experts” on those issues we need to pay attention to in 2017. This conference is the premier resource for networking and professional development for fintech providers and related service professionals. BAI Beacon 2016.

Conference 40

Conference Innovation Las Vegas Colorado 40

NCR

FEBRUARY 16, 2018

Tech innovation, the ongoing growth of the fintech marketplace and the move towards open banking are all contributing to greater choice for consumers and a combination of new challenges and opportunities for financial institutions (FIs). We are currently witnessing widespread and exciting change.

Trends 56

Trends Innovation Millennials Analysis 56

PYMNTS

JUNE 1, 2017

Millennials and Generation Y have grown up with cybercrime, the executive stated, and parents must have “another type of talk” with their kids: the online safety and security talk, as Volmar termed it. These are shockwaves in the industry,” he noted. .

Payments 110

Payments System Software Mobile 110