FICO

DECEMBER 20, 2018

For my predictions, I’ll focus on four areas of tactical concern within consumer banking that I feel confident bank executives will make significant progress addressing 2019. This regulatory green light will embolden bank product managers to think creatively in 2019 about how they can carve out a slice of the estimated $90 billion U.S.

Trends 73

Trends Lending Fraud Exercises 73

PYMNTS

DECEMBER 11, 2020

Synctera Brings 'FinTech As A Service' To Community Banks. FinTechs want to offer compliant banking services, while community banks want new ways to grow deposits. Report: Millennials, Buy Now Pay Later And The Shifting Dynamics Of Online Credit. Platform companies are coming to market with increasing frequency.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

JANUARY 13, 2021

“In doing so, we bring the power of community to buying and selling online. Poshmark, according to its S-1, enters the market a profitable firm, with growing revenue, an increasing consumer base and rising revenue. million in 2019, Poshmark made $21.1 million active users spent an average of 27 minutes a day on the site in 2019.

social media 169

social media Trends Retail Millennials 169

PYMNTS

JUNE 1, 2019

Older adults tend to own, while younger adults skew much more heavily toward renting – particularly millennials, for whom homeownership is lower than other generations at the same point in their lives. Co-living opens you up to an instant community and connections. Co-living companies in the U.S. What is Nuns and Nones?

San Francisco 156

San Francisco Millennials New York Wichita 156

Independent Banker

OCTOBER 1, 2022

We look at community banks’ options for fighting this type of crime. Community banks can find ways to mitigate age-related fraud through technology, as well as by educating their customers of their particular risks. Reports about fraud losses: Millennials vs. people 40+. Source: Federal Trade Commission, 2019. Robo calls.

Fraud 133

Fraud social media Millennials Examples 133

Abrigo

OCTOBER 21, 2019

It sounds like the beginning of a joke, but for many community financial institutions, a spectrum of different customers and banking needs is something that they see every day. I’ve found that attracting younger, millennial talent is almost like attracting clients,” said McBay.

Oklahoma 218

Oklahoma Millennials Innovation Technology 218

PYMNTS

DECEMBER 27, 2019

These and other 19 th -century proto-cooperatives were the forerunners of today’s credit union (CU) community. The PYMNTS December 2019 Credit Union Tracker looks at the changing topography of the CU space, as digital transformation challenges the “all for one, one for all” mentality that has undergirded their business model since the 1800s.

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

Abrigo

JANUARY 13, 2020

In 2020, a top focus for community financial institutions is new customer acquisition, according to the BAI Banking Outlook: Trends in 2020 survey. In a recent whitepaper , Abrigo outlined several tips for refreshing cross-selling practices and leveraging technology to address customer needs through marketing to existing customers or members.

Lending 150

Lending Study Survey Community 150

Gonzobanker

APRIL 3, 2019

It’s not a “Millennial thing.” Reorganize around the entire customer buying process by consolidating sales, marketing and service, instead of organizing by departments and product lines. About one-third of community banks are planning to add or replace this technology.

social media 98

social media Exercises Millennials Training 98

PYMNTS

FEBRUARY 11, 2020

But while many consumers did — and the firm was at times was called Proctor and Gamble for the millennial generation — as of this week, Brandless announced on its website that it is shutting its doors, ceasing its sales, turning out the light and singing off for good. The goal was profitability by 2023.

Branding 150

Branding Operations Leadership Millennials 150

PYMNTS

OCTOBER 20, 2020

Until recently there was “a consumer” who industry felt it understood, and whose tastes it knew well enough to gauge the market of new products and services. A recent PYMNTS study found that more than two-thirds of consumers see rescuing Main Street physical retail linked to the economic vitality of their local communities.

Maine 221

Maine Retail Branding Study 221

PYMNTS

OCTOBER 8, 2019

Three months away from the end of 2019 and the dawn of the 2020s, the state of the credit union is stable, due to a healthy foundation that is already in place, according to Charles E. The Millennial Challenge. Chuck) Fagan, CEO of PSCU. There’s a younger generation in the U.S.

United States 102

United States Millennials Course Lending 102

PYMNTS

JANUARY 17, 2020

communities. And some of those areas and cities — Chattanooga, Tennessee stands as a good example — are striving to become more attractive to millennials and others, with better internet a big part of such efforts. In 2019, in fact, news emerged that Amazon was seeking permission from the U.S. Expensive Cities.

Payments 131

Payments Los Angeles San Francisco New York City 131

PYMNTS

JULY 18, 2019

In a PYMNTS interview with Karen Webster, Joe DeRosa, EVP of Global Sales at i2c , discussed the findings of the July 2019 Innovation Readiness Playbook , subtitled “Leveling the Playing Field for Different-Sized FIs.” As millennials rise through the ranks and within the ranks, we see the rise of what he termed “digital natives.”.

Innovation 155

Innovation Study Technology Millennials 155

PYMNTS

JUNE 24, 2019

Earlier this month, payment company PayFi and The Clearing House (TCH) partnered to bring real-time payments technologies to the community banks. Adoption depends greatly on partnerships to make RTP more accessible. percent CAGR between 2018 and 2025. The gig economy’s functionality is tied to real-time payments.

Payments 162

Payments System Millennials Community Bank 162

FICO

AUGUST 19, 2022

Thu, 12/19/2019 - 16:29. According to a 2022 report by Cornerstone Advisors , the percentage of Gen Z, Millennial, and Gen X consumers in the U.S. Here are five specific competitive threats – areas where FinTech companies are gaining traction in the banking market – and what banks should be doing to counter them.

Fintech 52

Fintech Millennials Lending Tools 52

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. 2019 FOOD & BEVERAGE TRENDS TO WATCH. Why the millennial generation is so different. Millennials are in debt.

Millennials 78

Millennials Industry Trends Branding 78

PYMNTS

NOVEMBER 16, 2020

9, 2020, the stock market hit a high not seen since February, shortly before the world would feel the brunt of the global pandemic. The news was still very fresh, and questions still remained — even though the medical community has publicly lauded the Pfizer-BioNTech news as a critical step toward taming the global pandemic in the U.S.

Study 270

Study Retail Millennials Conference 270

PYMNTS

MARCH 12, 2019

The headline topping the news this week was that, in 2019, more than 4,800 retail locations have or will close. In other words, bringing back the idea of the shopping destination as a community gathering point — with shopping, but also activities that create engagement: speakers, dining, product launches and local brands.

New York 144

New York Retail Branding Online 144

Gonzobanker

DECEMBER 20, 2018

PNC made a Gonzo move with a national digital expansion in 2018 with the unique idea of building a small number of branches in target metro markets like Kansas City and Dallas. Leveraging the Virtual Wallet brand it built years ago, it will be worth watching how PNC fares in 2019. CVB Financial acquires Community Bank.

Fintech 101

Fintech Conference Innovation Community 101

PYMNTS

OCTOBER 11, 2018

The app that got famous for its disappearing messages is looking like it will either need to raise a some capital by sometime in 2019 or run the risk of going broke, according to a note by MoffettNathanson. million non-voting shares through purchases in the open market.

Apple 181

Apple social media Millennials Report 181

PYMNTS

FEBRUARY 1, 2019

The fourth quarter of 2018 was kind to Venmo and Zelle , the two big peer-to-peer (P2P) services that are battling for consumer loyalty and market supremacy — a fight that pits PayPal , the owner of Venmo, against the banks that operate Zelle. The numbers tell a story of ongoing growth and more consumer acceptance. P2P Numbers.

Cards 179

Cards Payments Mobile Operations 179

Gonzobanker

DECEMBER 19, 2016

Kim, the executives and the boards of both organizations who put rivalry aside to gain scale in the new world of banking where differentiation matters and community can be more than geography. Or the need to take market share in a slowest growth region? A wonderful franchise and team picked up by Guaranty in-market at a decent price.

Utah 60

Utah System Community Marketing 60

PYMNTS

OCTOBER 13, 2016

“You want to get into as many use cases as possible,” said Greg Weed, director of card performance research at Phoenix Marketing International. Digital Currency – Millennials Just Aren’t That Into You. “The wallet app is ideally suited to self-service types of terminals: gas pumps, vending machines, transit.

Mobile 100

Mobile Payments Apple Samsung 100

Gonzobanker

DECEMBER 19, 2016

Kim, the executives and the boards of both organizations who put rivalry aside to gain scale in the new world of banking where differentiation matters and community can be more than geography. Or the need to take market share in a slowest growth region? A wonderful franchise and team picked up by Guaranty in-market at a decent price.

Utah 60

Utah System Community Marketing 60

CB Insights

OCTOBER 26, 2020

Even so, September 2020 was one of the strongest months for IPOs since Uber went public in May 2019. Investment banking revenues hit a 13-year-low in 2019. Taking a hefty fee mitigates the investment bank’s risk by insulating it from the stock’s actual performance in the market. Source: Getty.

Management 78

Management Capital Company Marketing 78

PYMNTS

OCTOBER 29, 2018

The 2019 planning sessions that will mark the next 60 days will no doubt include topics of conversation about the scariest things in payments that could knock key players off their game – or turn their plans upside down. Facebook … and the Facebook Community. Or turn into new opportunities as others take stock and adjust those plans.

Payments 196

Payments Google Apple Innovation 196

FICO

DECEMBER 5, 2022

Tue, 07/02/2019 - 02:45. At the same time, mobile banking, payment and money transfer apps are exploding in popularity, as 89% of respondents to a recent Insider Intelligence study use mobile banking, including 97% of Millennials. Sarah Rutherford manages solutions marketing for FICO's fraud, cybercrime and compliance business.

Survey 52

Survey Fraud Digital Banking social media 52

PYMNTS

JANUARY 16, 2020

And as candle enthusiast and Otherland Founder Abigail Stone learned via an independent study in 2016, quite a lot of millennial women are developing expensive candle habits, precisely because they like to consistently burn scented candles, and about 25 percent report buying 10 or more scented candles a year.

Millennials 144

Millennials Study Community Strategy 144

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

CB Insights

SEPTEMBER 4, 2019

Popular media coverage of millennials often fixates on the industries the generation is allegedly killing and their supposed fiscal irresponsibility. Some industries benefiting from millennials’ increased spending power, such as travel, reflect well-worn Gen Y tropes like the general preference for “experiences” over things.

Millennials 78

Millennials Industry Branding social media 78

CB Insights

JULY 17, 2018

Instead, new millennial-inspired and tech-infused dining trends have been emerging across the US and internationally. Many of yesterday’s casual dining brands are dying, but not because millennials “don’t eat out.” The sophisticated food hall: North 3rd Street Market (Brooklyn). Dining out. the Future of food report.

San Francisco 69

San Francisco California United States CA 69

CB Insights

JUNE 17, 2020

Still, consumer adoption of telehealth prior to Covid-19 was slow: in July 2019, a JD Power survey found that only about 10% of US residents had replaced a visit to the doctor, urgent care, or hospital with telemedicine services in the 12 months prior. That growth, already slowing by late 2019, ground to a halt in the wake of the pandemic.

Industry 101

Industry Technology Online Video 101