CB Insights

MARCH 27, 2019

Over the next few decades, baby boomers and Gen X will pass on $30T in wealth to the millennial generation. As investor preferences shift, download our free 106-page fintech report to see what trends to watch in 2019. As investor preferences shift, download our free 106-page fintech report to see what trends to watch in 2019.

Millennials 77

Millennials Fintech Trends Report 77

PYMNTS

SEPTEMBER 3, 2020

The pandemic has accelerated a preexisting trend in the restaurant industry in which QSRs — driven by doing more business with digitally savvy millennials and Generation Z consumers — have sought to personalize their interactions. A 2019 report revealed that more than 100 million Americans face such restrictions, for example.

Management 130

Management System Millennials Study 130

PYMNTS

DECEMBER 27, 2019

We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . These are are the 2019 payment trends that made the most significant impact and promise to make even more substantial impacts in the new decade. Did Blockchain Peak In 2019?

Taxes 101

Taxes Mobile Management blockchain 101

PYMNTS

AUGUST 20, 2019

And based on early indications, it seems the follow-up act to the millennial generation is much more positively inclined toward using credit products of all stripes. Far more millennials and Gen Xers make use of credit cards than Gen Zers – at 38.29 million and 38.27 million, both cohorts have roughly quintuple the carrying rate.

Millennials 124

Millennials Cards Lending Data 124

PYMNTS

FEBRUARY 7, 2020

Since November 2019, about 60,000 UK users have signed up for the service, according to the Financial Times Thursday (Feb. It chiefly attracts millennials interested in trading stocks and cryptocurrency. As of December of 2019, Robinhood is now at 10 million subscribers.

United States 150

United States FDIC Millennials cryptocurrency 150

PYMNTS

FEBRUARY 14, 2020

Things could not have gone much better for Wine.com in 2019. By all accounts, including industry bible Wine Enthusiast, the wine of the year for 2019 was the Taylor Fladgate Quinta de Vargellas Vinha Velha 2017. The 2019 wine retailer of the year was online – specifically, it was a good year for Wine.com.

San Francisco 150

San Francisco Millennials Oakland Customer Experience 150

PYMNTS

SEPTEMBER 16, 2019

In the payments ecosystem, we need look no further than the bridge millennial for how the connected purchasing experience will evolve over the next decade. The group’s connected commerce behaviors are well-documented in the annual PYMNTS/Visa How We Will Pay 2019 study released just today. This group of 60 million U.S.

Millennials 222

Millennials Study Course Trends 222

Insights on Business

FEBRUARY 13, 2019

At IBM Think 2019, Henrique Albuquerque from Bradesco Research and Innovation offered insight into how Bradesco is transforming by focusing their entire business structure around the customer journey. Financial management. If it doesn’t, negative news travels fast through millennial networks. Hyper-connected journey.

Albuquerque 152

Albuquerque Digital Banking Millennials social media 152

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

Perficient

JULY 12, 2022

Across financial services – industries such as banking, wealth management, and insurance – the need for greater personalization has been a theme for several years. population is considered Millennial or younger, as of July 2019) , the demand for personalization grows. population (just over half of the U.S.

Industry 294

Industry Branding Customer Experience Marketing Automation 294

PYMNTS

AUGUST 20, 2019

And based on early indications, it seems the follow-up act to the millennial generation is much more positively inclined toward using credit products of all stripes. Far more millennials and Gen Xers make use of credit cards than Gen Zers – at 38.29 million and 38.27 million, both cohorts have roughly quintuple the carrying rate.

Millennials 101

Millennials Cards Lending Data 101

Jeff For Banks

APRIL 4, 2024

Consumer Demographics and Changing Customer Demands Remember all the pre-pandemic talk about millennials? You couldn't go to a conference without every presenter having millennial this or millennial that on their slide decks. Now the oldest millennial is 43 (see table by Statista).

Banking Trends 113

Banking Trends Trends Millennials Oregon 113

PYMNTS

FEBRUARY 14, 2020

That didn’t mean the process wasn’t incredibly stressful, he noted, because in 2016, the buy now, pay later (BNPL) concept Afterpay was selling was still very new, and the millennial demographic the firm was anticipating to carry it forward weren’t quite into their significant spending years yet. 18 months ago, in the U.K. The Two Big Bumps

Millennials 159

Millennials Retail Management US 159

PYMNTS

FEBRUARY 11, 2020

Cost is a major concern for consumers, especially for millennials and members of Gen Z, who tend to view spending differently than older generations. These consumers are also the most likely to purchase items over $500, making four such purchases on average in 2019. BNPL Solutions and Breathing Room .

Millennials 130

Millennials Retail Mobile Online 130

PYMNTS

MAY 19, 2020

As far back as late 2019, the second edition the Visa/PYMNTS How We Will Pay study demonstrated that the home and its voice-enabled devices were well on their way to becoming the consumer’s connected commerce command center. percent of bridge millennials have done so. Another 41.8 And consumers plan to stick with their new behaviors.

Technology 205

Technology Millennials Retail Report 205

CB Insights

DECEMBER 15, 2020

Change has been long overdue for the wealth management industry, which is facing growing competition, outdated legacy tech , thinning margins , and an aging client base. Digitization will be crucial for wealth managers looking to capture or retain this generation of clients. In turn, this is driving revenue for big banks. .

Management 87

Management Fintech Industry Trends 87

PYMNTS

JANUARY 26, 2021

And voice assistants are showing up to assist with a growing number of those home purchases — 42 percent more often than they did in 2018 and 10 percent more than they did in 2019. And not just from their desks — consumers are now doing a lot of shopping and managing their financial lives from everywhere in their homes.

Millennials 175

Millennials Data Trends Security 175

PYMNTS

OCTOBER 5, 2020

There is a gold mine in DTC if one is not solely occupied in selling goods, but in authentically understanding needs,” says Michael Forhez , global managing director of consumer markets at Oracle Industry Solutions Group. “If Part of the reason for the reconsideration of the brand is to reach the millennial age range. found that 54.6

Branding 183

Branding Millennials Resources Marketing 183

CB Insights

JULY 25, 2019

Fintech is often associated with digital tools targeted at tech-savvy millennials. Download the free report to find out how fintech is shaping the future of wealth management and investing. Money management tools are helping people stay independent. GET THE 81-PAGE q1 2019 FINTECH TRENDS REPORT. Source: Silvernest.

Millennials 73

Millennials Fintech Tools Fraud 73

PYMNTS

DECEMBER 11, 2020

SoFi, which works on refinancing student loans, mortgages and personal loans, and recently began offering stock trading and cash management accounts as well, was valued at $4.8 Report: Millennials, Buy Now Pay Later And The Shifting Dynamics Of Online Credit. billion in a private fundraising round last year. Trackers And Reports.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

OCTOBER 24, 2019

Based on the research that we conducted on Singaporeans, more than 70 percent of millennials are keen to sign up for a multi-currency travel product offered by a neobank,” said Kunal Chatterjee, Visa country manager for Singapore and Brunei. . “In by the end of 2019. All of Revolut’s first debit cards in the U.S.

Cards 112

Cards Millennials Survey Fintech 112

PYMNTS

APRIL 23, 2019

As more and more people use their smartphones to manage money, we saw an opportunity to address another customer pain point,” said John Legere, CEO of T-Mobile , according to a press release. Findings from the April 2019 Where Will We Bank Next? percent of Bridge Millennials did so. survey by PYMNTS found an openness among U.S.

Millennials 145

Millennials Mobile Study Branding 145

PYMNTS

JANUARY 27, 2020

Personalization and tribalism are fueling the boutique demand, especially among millennials,” said Meredith Poppler of the trade group International Health, Racquet & Sportsclub Association. The owner of Flywheel, Kennedy Lewis Investment Management, would bring about $50 million to the transaction.

Marketing 140

Marketing Branding Millennials Groups 140

PYMNTS

MAY 27, 2020

Noto’s remarks came on the same day as the announcement of “ Samsung Money by SoFi ,” the new mobile-focused money management product SoFi is offering in partnership with Samsung Electronics America Inc. Founded in 2011, SoFi made its reputation by refinancing student loans for millennials. billion composed of shares and cash.

Samsung 131

Samsung San Francisco National Millennials 131

PYMNTS

DECEMBER 24, 2020

They are also increasingly turning to voice assistants to enable those purchases — 42 percent more often than they did in 2018 and 10 percent more than they did in 2019. And it is not just from their desks — consumers are now doing a lot of shopping and managing their financial lives from everywhere in their homes.

Millennials 206

Millennials Retail Course Report 206

PYMNTS

FEBRUARY 5, 2020

And while consumers were certainly spending at a more than respectable clip during holiday 2019, the ways they were spending began showing some notable changes, particularly among younger shoppers. in the last 18 months, reported a particularly robust 2019 holiday season, seeing $160 million in sales from Black Friday and Cyber Monday alone.

Cards 143

Cards Millennials Regulation United States 143

PYMNTS

JANUARY 27, 2020

Personalization and tribalism are fueling the boutique demand, especially among millennials,” said Meredith Poppler of the trade group International Health, Racquet & Sportsclub Association. The owner of Flywheel, Kennedy Lewis Investment Management, would bring about $50 million to the transaction.

Marketing 130

Marketing Branding Millennials Groups 130

Independent Banker

OCTOBER 1, 2022

Fraudsters typically target millennials via text messages that promise rewards, shipment tracking and other automated messages that make them vulnerable to phishing attacks.”. Reports about fraud losses: Millennials vs. people 40+. Source: Federal Trade Commission, 2019. Millennials. How to minimize age-related fraud.

Fraud 133

Fraud social media Millennials Examples 133

PYMNTS

JANUARY 21, 2019

The report, citing people familiar with the matter, said The RealReal is mulling an IPO for later in 2019 and has started holding discussions with investment banks to help it go public. The supply chain arms race is as competitive as it’s ever been,” said Adam Mullen, CBRE’s senior managing director of industrial and logistics.

Online 122

Online Millennials Retail Report 122

PYMNTS

DECEMBER 27, 2019

Early innovators managed cooperatives using the same founding principle that CUs use today: members-first finance in place of indifferent, legacy-style banking. percent in Q3 2019, which is a concern for the entire sector. These and other 19 th -century proto-cooperatives were the forerunners of today’s credit union (CU) community.

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

PYMNTS

SEPTEMBER 26, 2019

Installment payment solution company Sezzle has teamed up with Visa’s CyberSource payment management platform to offer consumers interest-free “buy now, pay later” (BNPL) options on purchases, according to a release. Sezzle’s first half of 2019 was profitable, and revenue growth showed the company was viable and successful in its space.

Payments 133

Payments Millennials Maine Online 133

PYMNTS

NOVEMBER 2, 2020

consumer seems happy to test the waters — and none more so than the coveted bridge millennials. According to PYMNTS survey data, nearly three times as many bridge millennials are Amazon Prime members as Walmart+ members. But three in 10 bridge millennials already report having both, just a month in. Those are the 47 million U.S.

Millennials 246

Millennials Retail Online Report 246

PYMNTS

MAY 28, 2019

The generational breakdown for Erica’s use is 15 percent from Gen Z, 49 percent from millennials, 20 percent from Gen Xers and 16 percent from baby boomers. Bank of America also said it doubled the ways customers can ask questions, from 200,000 at Erica’s launch to 400,000, by learning from everyday conversations with customers.

America 135

America Millennials Digital Banking Capital 135

PYMNTS

JANUARY 21, 2021

Recent studies have found that debit issuers lost approximately $1 billion to fraudsters targeting transactions at the physical POS or ATMs in 2019 — and this was before the ongoing pandemic expanded fraudsters’ opportunities to launch their schemes. Debit And The Fraud Catch .

Fraud 148

Fraud Strategy Study Cards 148

PYMNTS

JANUARY 14, 2020

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. Far more millennials and Gen Xers make use of credit cards than Gen Zers – at 38.29 million and 38.27 million, both cohorts have roughly quintuple the carrying rate.

Innovation 160

Innovation Payments Millennials Cards 160

PYMNTS

DECEMBER 27, 2018

Open banking, bank APIs and data sharing flourished in 2018, with small business and corporate financial services squarely in the path of this financial services trend as banks and FinTechs consider new ways to enhance business payments, accounting, treasury and financial management. Read what he had to say below.

Customer Experience 191

Customer Experience Survey Trends Data 191

PYMNTS

MAY 30, 2019

million users and had skills like tracking month-to-date spending, reporting of FICO scores, managing subscriptions and sending bill-pay alerts. And the rapid growth kept on apace into early 2019. Of users, 15 percent are from Gen Z, 49 percent are millennials, 20 percent are Gen Xers and 16 percent are baby boomers.

America 128

America Millennials Digital Banking Report 128