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New PFM App Hip Money Comes to Market

Bank Innovation

In the long list of startup finalists competing at South by Southwest 2017 hides a brand new personal finance management app. Hip Money – a new app by Hip Pocket – adapts the millennial habit of “swiping” to help them save and pay down debt through a mobile app. Nebraska-based software Read More.

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Chinese Millennials May Save Luxury Brands

PYMNTS

Sales of luxury goods in China are skyrocketing — up around 20 percent from 2016 — in its sharpest growth since 2011, as Chinese millennials seek products like handbags and cosmetics, Reuters reported. 2017 saw a global recovery of the luxury retail market due to their affinity for high-end brands.

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Millennial Entrepreneurs’ Optimism Is Booming — Here’s Their Top Concern

PYMNTS

As millennials continue to grow their presence in the small business (SMB) community, the dynamics of SMB finance are also changing. According to some experts , millennial small business owners no longer accept mediocre or sub-par services from their financial providers.

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Top News In Payments: Visa Enables Real-Time Insurance Disbursements, Bridge Millennials Provide Connected Commerce Insight

PYMNTS

Also, bridge millennials offer profound insight into the future of connected commerce. It is also working with InsurPAY by Invenger Technologies to help enable real-time disbursements for American Family. trillion global payments market with free services. Visa, Insurers Partner On Real-Time Claims Payouts.

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Mobile Ordering, The New Window To Winning Over Millennial Consumers

PYMNTS

It seems that most every industry these days is vying for millennial dollars and devotion. For an industry where millennials are projected to spend nearly $800 billion in 2017 (that’s 7 percent more on monthly food budgets than average Americans), restaurants are hankering to pull out all the stops to get millennials to order — in or out.

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What #Banking Trend Will Have the Greatest Impact on Your Bank?

Jeff For Banks

The Fed has paused for nearly a year now, and it was our experience in 2006-07 that bank cost of funds continued to increase as the market closed the delta between what someone could earn in a money market mutual fund and a bank account. But not until $1 trillion went from banking to money markets.

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Insurance Firms Cozy Up To Wearables And Fitness Tracking Tech

PYMNTS

Digital technology and the data that consumers are willing to provide are giving insurance agents a closer look at the day-to-day habits of individuals, with premiums and policies ideally being adjusted to better reflect risks. For now at least, the technology will “provide Humana members across the U.S. Humana Move. John Hancock Plan.