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Today In Payments: Chinese Tech Investments In US Plummet; Ransomware Attacks Up 41 Pct In 2019

PYMNTS

Data Shows 41 Pct Hike In Ransomware Attacks In 2019. In the fourth quarter of 2019, companies paid on average $84,116 to get their files back from online thieves. Reynolds CEO: Recreating Grocery’s Home Goods Aisle For The Millennial. China’s Central Bank To Start Re-Lending Funding To Fight Virus.

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AltFin’s Bumpy Ride Into An Uncertain 2019

PYMNTS

That means that on the brink of 2019, it remains uncertain whether the next year will look more like the best of times or the worst of times when it comes to providing consumers and small businesses (SMBs) with access to financial services — both in and outside the traditional bank-backed channels. The Two Faces Of Consumer Credit.

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Disbursements By Voice Are Growing In Popularity – And Other Instant Disbursements Trends

PYMNTS

Consumers and microbusinesses now get an average of two disbursements each year, excluding tax disbursements from local, state and federal governments. For instance, instant payments are most prevalent in the worlds of wages, insurance disbursements and lending payouts, according to the survey results. percent in 2019 and 9.5

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From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

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.

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Creating a Customer-Centric, Digital Financial Institution

Abrigo

Today, 73% of all consumer interactions with financial institutions are done digitally , according to the 2019 FIS Performance Against Customer Expectations (PACE) report. I’ve found that attracting younger, millennial talent is almost like attracting clients,” said McBay. Technology, like banking, isn’t “one-size-fits-all.”

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5 Ways Ant Financial & Tencent’s Fintech Growth Playbooks Are Evolving

CB Insights

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. At its Investor Day in September 2019, Ant disclosed that financial services has overtaken payments and now makes up over 50% of its overall revenue. billion yuan).

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The 2018 GonzoBanker Awards

Gonzobanker

Leveraging the Virtual Wallet brand it built years ago, it will be worth watching how PNC fares in 2019. The fight for core deposits in 2019 will be fierce, and cost of funds will have front-and-center focus. This award goes to Ally Bank ’s mind-numbingly fast growth in its auto lending unit. Banks Leveraging Fintechs Award.

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