PYMNTS

FEBRUARY 20, 2018

But the data indicates that for an increasing number of users, debt is not being managed correctly. Late payments and out-and-out defaults and charge-offs are on the rise across a few lending segments. According to the New York Federal Reserve, household debt surged in the final quarter of 2017 to $13.15 Rising Consumer Debt.

Lending 105

Lending Cards America New York 105

PYMNTS

MAY 15, 2017

Invoke, like its competitors, can play music, manage calendars and activities, set reminders, check traffic, and deliver the latest news via voice-activated command. In 2017, eMarketer projects 35.6 percent increase in usage from 2016 — driven primarily by millennial consumer adoption. percent year over year in 2017.

Google 108

Google Millennials Samsung Video 108

PYMNTS

MAY 2, 2017

Auto lending, particularly to subprime borrowers, has been looking especially concerning as delinquencies and default rates have steadily climbed. And auto lending is not the only alarm bell currently going off — student loans are also showing a spike in defaults. Millennials currently are responsible for $1.1 Card Weakness.

Millennials 103

Millennials Lending Capital Cards 103

PYMNTS

AUGUST 14, 2019

Instant lending is the largest monetizable transaction type with Venmo, said management, and the remainder is split between Venmo Card and Pay with Venmo. For instance, according to one report from LendEDU , a student loan refinancing company, about 33 percent of millennials had paid for drugs via Venmo – and that was in late 2017.

Payments 124

Payments Trends Cards Comparison 124

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

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

FICO

AUGUST 19, 2022

According to a 2022 report by Cornerstone Advisors , the percentage of Gen Z, Millennial, and Gen X consumers in the U.S. While this is a good start, banks cannot lose sight of the value that intentionally used overdraft protection (or similar short-term lending products) can have for customers with cash flow imbalances.

Fintech 52

Fintech Millennials Lending Tools 52

PYMNTS

JUNE 5, 2018

In its latest research, business intelligence firm RFI found that most millennials in the U.K. actually trust PayPal more than they do traditional banks – at least, when it comes to managing their data. For vendors, that means “better cash flow management and freed-up time.” In the U.S., But change is happening.

Payments 116

Payments Survey Software Millennials 116

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.

Lending 150

Lending Millennials Study Survey 150

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. Two that are already seeing lots of activity are payments and lending. Meanwhile, alternative lending is also seeing strong growth, with P2P fintech platforms distributing $1.4B

Policies 61

Policies Lending Operations Examples 61

Gonzobanker

MARCH 6, 2018

Much like a bank that over-concentrates itself on commercial real estate lending, banks that rely too heavily on physical channels for consumer and business customers risk attrition, lost revenue and increased expenses. Consider these numbers from PwC’s 2017 Digital Banking Consumer Survey : ? Digital: The New Must-Have.

Strategy 89

Strategy Marketing Mobile Trends 89

CB Insights

OCTOBER 10, 2018

Asia is highly competitive, with tech giants like Ant Financial and Tencent’s WeChat actively dominating mobile payments and expanding their reach in financial services across lending, wealth management, and insurance. Millennials. In December 2017, Amazon’s Alexa Fund participated in its $16M Series A.

Retail 78

Retail Cards Millennials Mobile 78

CB Insights

NOVEMBER 5, 2019

Both Ant and Tencent have converged on a growth playbook that focuses on converting their massive audiences of digital payments users into consumers of financial services across lending, wealth management, insurance, and credit scoring. That’s 10X more than the outstanding loans on Huabei at the end of the first half of 2017 (99.2

Fintech 51

Fintech social media Analysis Marketing 51

PYMNTS

JULY 23, 2018

Or are the 27 percent of the population — those high-income Bridge Millennials and Gen X-ers with college degrees who are steps away from financial catastrophe — happy, even if they do report feeling more positive about the stability of their financial situation than they did this time a year ago? Are the more than a third of U.S.

Cards 122

Cards Groups Report US 122

Gonzobanker

DECEMBER 20, 2018

Capital One quit mortgage late in 2017. This award goes to Ally Bank ’s mind-numbingly fast growth in its auto lending unit. According to BankRegData, Ally has grown its auto lending portfolio by 68% since 4Q15. Ally accounted for over half of the entire bank auto lending industry’s growth over the same period.

Fintech 105

Fintech Conference Innovation Community 105

Gonzobanker

DECEMBER 19, 2016

So it’s time to light a fire, grab a big tumbler of Scotch and rest up for a busy 2017 as you experience one of the holiday’s greatest traditions: the annual GonzoBanker Awards. The 2016 Gonzo Marketing Medal – Goes to Elevations Credit Union for its “Egg Lending” campaign. Let’s apply healthy skepticism to this craze in 2017.

Utah 60

Utah System Community Marketing 60

Gonzobanker

FEBRUARY 7, 2018

Bankers understand that the recent passage of the Tax Cuts and Jobs Act of 2017 will markedly change shareholder and Street expectations. Banks have driven earnings by turning on the lending spigot in the past seven years, but with rates rising, funding has become the front and center strategic challenge for banks. Source: SNL.

Taxes 76

Taxes Video Analytics Arkansas 76

Gonzobanker

DECEMBER 19, 2016

So it’s time to light a fire, grab a big tumbler of Scotch and rest up for a busy 2017 as you experience one of the holiday’s greatest traditions: the annual GonzoBanker Awards. The 2016 Gonzo Marketing Medal – Goes to Elevations Credit Union for its “Egg Lending” campaign. Let’s apply healthy skepticism to this craze in 2017.

Utah 60

Utah System Community Marketing 60

CB Insights

AUGUST 2, 2018

US consumers aged 18+ make an average of 70 payments per month, with debit cards accounting for 32% of those purchases, according to a 2017 study by the Boston Fed. With millions of existing customers and large millennial user bases, fintechs are in a prime spot to expand their product lines. How the products work. Concluding thoughts.

Cards 71

Cards Fintech UX Strategy 71

PYMNTS

JUNE 27, 2019

The installment lending playing field just got more interesting — and global — today (June 27). trillion market in 2017 growing at twice the rate of credit cards. Installment lending at the POS just isn’t available. Each have their own approval processes, and result in another credit relationship for consumers to manage.

Lending 188

Lending User Experience Cards Fintech 188

CB Insights

NOVEMBER 6, 2018

Google has previously leveraged its search data for industry reports across the beauty space, including a 2014 report on the beauty revolution, a 2015 report on hair trends, and a 2017 report that used Google data to identify skincare trends across the US, France, and Japan. Sephora launched its app on Google Assistant in November 2017.

Google 72

Google Apple Industry Branding 72

CB Insights

DECEMBER 7, 2017

By the end of 2017, nearly $1.8T worth of mortgages will have been originated in the United States this year, according to government-backed mortgage lender Freddie Mac. FINTECH TRENDS Q3 2017 RESEARCH BRIEFING. Fintech deals and funding are on track to reach record highs in 2017.

Millennials 69

Millennials Lending United States Technology 69

PYMNTS

SEPTEMBER 7, 2018

The ridesharing company further noted that it has made trips in 21 countries across five continents, and that it has facilitated more than $600 million of payments in the form of tips to its drivers since launching its in-app tipping service in 2017. That’s up from the $50 million it had paid out as of last August 2017.

San Francisco 101

San Francisco Course Cards Arizona 101

PYMNTS

AUGUST 13, 2018

In an interview with PYMNTS’ Karen Webster, Dan Dickinson, chief digital officer at EQ Bank , stated that deposits grew by 52 percent year over year in 2017, and the digital bank stands poised to see another year of strong results in 2018. Call it active money management done simply through a single platform. Making Key Decisions.

Digital Banking 113

Digital Banking social media Course Marketing 113

PYMNTS

SEPTEMBER 23, 2016

Essentially, Fossella explained to Webster, the software works by allowing users to create, deploy and manage mobile applications on the Urban FT platform by flipping a series of switches on a digital control panel that allows them to tailor the app to the needs of their consumers. This is first-generation stuff.”.

Mobile 100

Mobile Community Bank Tools Community 100

CB Insights

OCTOBER 10, 2017

An explosion of new consumer finance brands is transforming how people save, spend, and manage their money. Ninety-two million millennials will soon be in what Goldman Sachs calls their “prime spending years.” Robinhood’s clutter-free user interface design is flypaper for millennial audiences. trillion in annual spending.

Tools 78

Tools Millennials US Maine 78

PYMNTS

MARCH 24, 2017

Vance had touched on this at IP 2017. M&A in alt lending: In an industry that is not doing all that well in terms of investor sentiment and getting the gimlet eye of regulators, what’s alternative lending to do? Craftsman was sold in January 2017 to Stanley Black & Decker for $900 million. Like we said.

Bitcoin 100

Bitcoin Maine Retail Lending 100

Fintech Labs Insights

FEBRUARY 23, 2017

Here’s why 2017 is poised to place proptech among the ranks of wealthtech, insurtech, regtech. there are a handful of reasons 2017 will be favorable to real estate. They do not lend or service the loan. Envestnet|Yodlee ( FDSV 2016 demo , FEU 2017 demo ). 2- Digital mortgage lending companies. In the U.S.,

Fintech 28

Fintech Lending Regulation Millennials 28

CB Insights

AUGUST 6, 2017

Wealth Tech Market Map: 90+ Companies Transforming Investment And Wealth Management. Lending, Investments, And Personal Finance: 102 Startups Attacking The Retail Banking Value Chain. Millennial Personal Finance: 63 Fintech Startups Targeting Millennials. ARTIFICIAL INTELLIGENCE AND ROBOTICS. EDUCATION TECH. INDIA TECH.

Industry 78

Industry Marketing Fintech Software 78

PYMNTS

OCTOBER 31, 2016

20, 2017 , it’s a near certainty that life for banks — large and small — in this country will only get worse than it is today. But, thank goodness, we saw the rise of those disruptive alternative lenders, like Lending Club, to fill the gap that the traditional banks left. And it’s already pretty bad.

Regulation 100

Regulation Innovation Data Industry 100