PYMNTS

DECEMBER 28, 2018

Charles Dickens’ famous starter to A Tale of Two Cities , as it turns out, is a pretty good way to sum up the year 2018 from the view of the alternative financial services segment. However, as 2018 wore on, headwinds started to blow back on the segment, most especially in the form of rising interest rates.

Millennials 145

Millennials Lending System Data 145

Gonzobanker

OCTOBER 26, 2017

This is not to say financial institutions don’t develop talent for lending and information technology. The lending challenge is this: A great generation of lenders is getting close to retirement. Can bankers make lending something that has panache and appeal to Millennials? And who will replace them? Risky, yes.

Resources 71

Resources Training Lending Strategy 71

FICO

AUGUST 20, 2019

China Construction Bank (CCB) hopes to reach more millennial consumers and is using alternative scoring services to improve decision making and improve financial inclusion efforts to reach this demographic. The bank has also increased its lending predictive power using eight segment-level scorecards. Read the full media release.

Big Data 40

Big Data Data Marketing Millennials 40

PYMNTS

JUNE 26, 2018

And not just one branch of underwriting — for a short while there, it seemed like all of it had hit Game Over status — with consumers; SMB and even enterprise-level lending slowed to a near stop. ” When one steps back, he noted, and looks at the total picture for 2018, it is notably different from 2008 in many regards.

Millennials 116

Millennials Lending United States Comparison 116

PYMNTS

OCTOBER 1, 2020

For instance, instant payments are most prevalent in the worlds of wages, insurance disbursements and lending payouts, according to the survey results. percent as of 2018. However, only 51 percent of receivers said they were offered a payment choice for insurance- and lending-related payouts. percent in 2019 and 9.5

Trends 306

Trends Study Taxes Payments 306

PYMNTS

FEBRUARY 4, 2020

A 2018 report in Forbes cited research from the Journal of Business Venturing, which found that equity crowdfunding is often a last resort for SMBs when traditional and internal funding options run dry. SBA loans take too long and cost too much because of regulatory fees that get worked into the private lending process,” he said.

Lending 131

Lending Capital Strategy Millennials 131

PYMNTS

FEBRUARY 20, 2018

The stock market — despite a fairly steepWh correction a week ago — is still well ahead of where it was a year ago and is trending up. Unemployment is at historic lows, wages are rising given the tight labor market and consumer spending has been keeping pace. percent in 2018 — up from the 4.32 Rising Consumer Debt.

Lending 105

Lending Cards America New York 105

PYMNTS

JANUARY 14, 2020

Making the most of those relationships served as the foundation of a new PYMNTS interview with Matthew Carpenter, senior vice president, market director for Elan. Broadly speaking, it seems the follow-up act to the millennial generation – that is, Gen Z – is much more positively inclined toward using credit products of all stripes.

Innovation 160

Innovation Payments Millennials Cards 160

PYMNTS

MARCH 10, 2020

What instant lending innovation have shoppers fallen in love with? Between 2018 and 2019, there was a 162 percent increase in buy now, pay later (BNPL) downloads – rising to roughly six million – of the most popular new “layaway” apps by the close of last year. Here’s a hint: We’ll tell you now … and you can thank us later.

Case Study 135

Case Study Retail Millennials Branding 135

PYMNTS

SEPTEMBER 17, 2019

While short-term lending in general has a pretty rough reputation, the pawn loan is the most ill-regarded arena in an already unloved category of consumer lending. The loan amount a borrower can get from a pawnbroker is determined solely by the value of the item itself; as in most forms of short-term lending, there is no credit check.

Ohio 151

Ohio Lending Iowa South Dakota 151

PYMNTS

AUGUST 10, 2020

This “choice gap” is perhaps one of the most interesting findings of our study and is particularly notable for payments that are made using point-of-sale (POS) channels, such as insurance, lending and product purchase-related disbursements. We also identified existing market gaps across specific disbursement categories. .

Report 228

Report Payments Millennials Cards 228

PYMNTS

DECEMBER 27, 2019

That help is forthcoming, as in the case of the Central Bank of Ireland , which is changing regulations to favor more CU lending with higher limits. FIs are not accustomed to customers telling them which products to offer, but in the mobile instant payments world driven by millennials and Gen Zers, that’s the deal – take it or leave it.

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

PYMNTS

APRIL 2, 2018

It’s not only for consumers, though: Alternative lending firm Kabbage recently found that mobile lending is on the rise among small businesses, with a more than 360 percent increase in the number of SMB loans accessed via mobile device between April 2014 and February 2018.

blockchain 171

blockchain Lending User Experience Mobile 171

PYMNTS

MAY 28, 2019

Indonesian ride-hailing and online payment company GO-JEK , for instance, is expanding its financial technology services through partnerships with peer-to-peer (P2P) lending firms Dana Cita, Aktivaku and Findaya. billion – of funds were lost to card fraud in 2018, up from $1.4 Just under $3 billion – or $2.7 billion in 2017.

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

MAY 23, 2019

Millennials, Bridge Millennials and the rapidly up-and-coming Gen Z consumers mostly prefer digital banking as their go-to when they interact. For credit unions alone [in] 2015 and 2018, credit union market share of personal lending went from 31 percent to 22 percent. Building A Better Package.

Online 123

Online Millennials Digital Banking Maine 123

PYMNTS

NOVEMBER 28, 2017

Some of the most notable recent changes to the automotive market include the rise of electric-only vehicles , advancements in autonomous vehicle technology , the growth of rideshare companies and built-in vehicle payment tools that enable motorists to use their wheels to pay for parking or gas. The millennial factor. of Gen Xers.

Mobile 102

Mobile Millennials Los Angeles Trends 102

PYMNTS

APRIL 4, 2019

As of the last quarter of 2018, total U.S. According to the report, between 2005 and 2010, mortgage debt represented 78 percent of total household debt; as of late 2018 mortgage debt accounts for only 71 percent of the total. household debt stood at $13.58 They make up 10.7 percent of household debt respectively.

US 116

US New York Trends United States 116

PYMNTS

FEBRUARY 14, 2018

It’s no secret: Millennials are saddled with student loan debt, and they’re facing more expensive rent. We’re focused on giving people the products they need to go have the experiences that they want,” Cameron Hendrick, head of Marketing at Joymode, told PYMNTS. But they also love experiences.

Los Angeles 109

Los Angeles Millennials Branding Company 109

FICO

DECEMBER 20, 2018

In our current rising rate environment, any bank that can’t grow (or at least sustain) its deposits base will face shrinking net interest margins and a competitive disadvantage in their consumer lending businesses. small-dollar lending market. This is critical to making the business case for small-dollar lending viable.

Trends 73

Trends Lending Fraud Exercises 73

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. But millennials face significant headwinds in making those financial dreams a reality. get the REPORT on next generation investors. From big banks to big tech.

Millennials 77

Millennials Mobile Lending Cards 77

PYMNTS

AUGUST 21, 2018

Six days later, The New York Times reported that Bear Stearns was dangling on the age of bankruptcy and a forced liquidation after it posted a 61 percent drop in net profits as a result of hedge fund losses in the subprime mortgage market. percent in the second quarter, flat with the first quarter of 2018. percent from 8.9

US 100

US Millennials New York St. Louis 100

Gonzobanker

MARCH 6, 2018

Big banks have been in the driver’s seat on growing their market share in retail, while paring down branch networks. 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.

Strategy 89

Strategy Marketing Mobile Trends 89

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. By 2050, Indonesia is projected to have the third largest middle class among emerging markets. Two that are already seeing lots of activity are payments and lending.

Policies 61

Policies Lending Operations Examples 61

CB Insights

NOVEMBER 5, 2019

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. of the market, respectively. One area where Ant has ingrained itself into the daily lives of its younger users is in short-term installment lending.

Fintech 51

Fintech social media Analysis Marketing 51

CB Insights

OCTOBER 10, 2018

Incumbents are not standing still and are acting to protect their market share. Table of contents: Market map: the startups disrupting retail & commercial banking. Market Map: The Startups Disrupting Retail & Commercial Banking. While these customers may be easier to acquire, they are tougher to monetize. Key takeaways.

Retail 78

Retail Cards Millennials Mobile 78

William Mills

APRIL 20, 2017

Tony Garritano from Progress in Lending held an Innovations Awards event at the London House which showcased seven companies in the mortgage industry that are leading the way in compliance, eClosings, appraisals and information management. appeared first on Financial PR and Marketing Agency & Financial Public Relations.

blockchain 46

blockchain Detroit Conference Knowledge Base 46

Fintech Labs Insights

OCTOBER 13, 2020

Description: Alternative credit scoring and lending in emerging markets. Founded: Aug 2018. Target customers: Millennials. Metrics: – LOIs with 3 major non-profits – $80M of aid payments already committed – Another $87M in pipeline – 1% global market share BEFORE full launch. Founded: 2018. HQ: Belmont, CA.

San Francisco 15

San Francisco CA Fintech Oakland 15

PYMNTS

JULY 23, 2018

May 2018’s household income numbers were up nearly 2 percent from last year, they say, due largely to increases in base compensation resulting from a tightening labor market. That sounds pretty good in a market in which wages are stagnating — with base comp rising at 0.5 Are the more than a third of U.S.

Cards 122

Cards Groups Report US 122

FICO

AUGUST 15, 2018

We recently studied the impact of millennials’ student loan debt on their willingness and ability to obtain new mortgage loans. As the housing market continues to remain competitive, we looked at key trends in FICO® Score distributions and default rates for those who have proven they would like to and are able to obtain mortgage loans.

Trends 53

Trends Millennials Course Payments 53

CB Insights

AUGUST 2, 2018

See the investment trends, top deals, and active investors in Q2 2018. These companies come from diverse fintech backgrounds — P2P money transfers, wealth management, lending — but all are rushing to create checking account alternatives within their pre-existing products. Source: Bloomberg , June 2018. How the products work.

Cards 71

Cards Fintech UX Strategy 71

CB Insights

NOVEMBER 6, 2018

GAFA’s search data, smart home devices, advertising and marketing capabilities, and more offer compelling use cases for the beauty industry. Simultaneously, the beauty industry is looking towards tech to provide an edge in an increasingly crowded market. Google intends to dominate the smart home market. Patents & News.

Google 72

Google Apple Industry Branding 72

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. Such a meteoric pace indicates a key question for banks considering the digital route.

Digital Banking 113

Digital Banking social media Course Marketing 113

PYMNTS

FEBRUARY 23, 2018

And, he noted, a real need – which is why Blinker is hoping to take its show on the road in 2018. Refinancing also offers Blinker the opportunity it is most acutely pursuing in 2018, which is expansion into all 50 states by year’s end. Buyers, on the other hand, are saving around $2,000 – so this is real money.”. The Expansive Plan.

Denver 130

Denver Colorado Florida Texas 130

Gonzobanker

DECEMBER 20, 2018

GonzoBankers, 2018 has been a troublesome year. about the best and worst in banking for 2018 and get fired up to start again in ’19. Ladies and gentlemen, we bring you the 2018 GonzoBanker Awards ! Although all banks faced stock headwinds in 2018, we give the nod to William Demchak at PNC Financial Services.

Fintech 105

Fintech Conference Innovation Community 105

PYMNTS

SEPTEMBER 7, 2018

The Toyota investment values Uber at around $72 billion, which is higher than the value SoftBank gave the ride-hailing company earlier in 2018. Amazon : Yes, Apple was the first company to hit a market cap with all those zeroes – touching a trillion dollars, of course. The weather wasn’t the only thing sizzling this week, it seems.

San Francisco 101

San Francisco Course Cards Arizona 101

Gonzobanker

FEBRUARY 7, 2018

Imagine one big party of more than 1,000 larger bank acquirers, smaller bank potential sellers, salivating investment bankers, and pen-in-hand attorneys full of big grins and big plans for 2018. Prosperity is now $22 billion with an unbelievable $5 billion market cap. Source: SNL. 3: Business Model. . #3: 3: Business Model.

Taxes 76

Taxes Video Analytics Arkansas 76

Fintech Labs Insights

AUGUST 26, 2016

They have Braintree -owned Venmo’s ( FD2016 ; F2013 ) millennial-focused social components stamped all over them: Founded by former N26 employees, Cookies launched this week to offer Germany-based users a free P2P payment solution. Competition and Markets Authority. Venmo competition heats up. The deal closed for $1.8

Trends 12

Trends Fintech ATM Google 12