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. Download the free report to find out how fintech is shaping the future of wealth management and investing. get the REPORT on next generation investors.

Millennials 77

Millennials Mobile Lending Cards 77

PYMNTS

OCTOBER 20, 2020

Business roadmaps predating 2020 aren’t much use these days, however, as COVID has altered the terrain. PYMNTS researchers found that what we call “social shifters” moved online fast but are most likely to rush back to physical stores and outside activities. Connected Commerce Calling The Shots.

Maine 221

Maine Retail Branding Study 221

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

PYMNTS

JANUARY 11, 2021

While early to mid-January is always the return season, this year has long been forecast to be a spot more active than its predecessors given the volume of gifts bought online during the 2020 holiday rush. It’s an extreme solution but one the unique conditions of 2020 have created. Everyone Makes Mistakes — Why Returns Surged.

Retail 173

Retail Millennials Online Data 173

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

DECEMBER 11, 2020

Some 55 percent of millennials report being interested in giving digital gift cards this year, while 67 percent report hoping to receive one. On the whole, Mao said Blackhawk’s expectation is that gift card spend will increase 19 percent during 2020’s holiday shopping season when compared to a year ago. Not All ‘Gift’ Cards Are Gifts

Cards 291

Cards United States Strategy Retail 291

PYMNTS

JANUARY 14, 2021

percent of grocery shoppers are ordering groceries online to be delivered at home more now than they did before the pandemic began, while 21 percent are ordering grocery for curbside pickup more than before, and 11.9 percent are ordering groceries online to be picked up in-store more than they did before. Tesco’s Big End To 2020.

Meeting 165

Meeting Arkansas Retail Millennials 165

PYMNTS

JUNE 14, 2016

TJX continues to be a juggernaut, H&M and Forever 21 seem to be hardwired into the young adult consumer’s taste palate, and Urban Outfitters managed to pull off something of a surprise success in the middle of the great Q1 retail route. Fifteen percent of those between 45 and 54 buy their apparel in online outlets.

Online 100

Online Retail Millennials Minnesota 100

NCR

MARCH 22, 2017

Today, millennials are the largest generation in the United States – and their levels of entrepreneurship are unprecedented. Millennials are starting more businesses than previous generations, and they’re starting them at a younger age than their predecessors. By 2020, it could be as many as 50 billion.

Millennials 49

Millennials Innovation Digital Banking Security 49

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. Credit Risk Management. This is fairly new territory to many institutions, however. Lending & Credit Risk.

Lending 259

Lending Community San Antonio Survey 259

PYMNTS

JULY 13, 2020

And the retailer ponied up a reported $200 million for pieces of Seattle-based startup CareZone ’s technology, which personalizes prescription drug management for individuals. Taking unbundling online, direct-to-consumer (D2C) startups like TruePill are championing virtualized prescribing and fulfillment.

Retail 219

Retail Innovation Online Seattle 219

PYMNTS

SEPTEMBER 29, 2020

Filipino online payments platform PayMongo raised $12 million in a funding round led by Stripe, and also including existing investors Y Combinator and Global Founders Capital, and new investor Bedrock Capital. Why Millennials And Gen Z Could Save 2020's Holiday Shopping Season. Stripe Heads Up $12M Funding Round For PayMongo.

Payments 148

Payments Apple Survey Seattle 148

PYMNTS

MAY 5, 2020

And if a retailer charges too much (or charges at all) 57 percent of millennials will bail on future business. According to March 2020 data from Narvar and Forrester , 42 percent of retailers have already paused their pickup in-store and return in-store services. Now add a pandemic.

Policies 185

Policies Retail Study Washington 185

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. Credit Risk Management. This is fairly new territory to many institutions, however. Lending & Credit Risk.

Lending 195

Lending Community San Antonio Survey 195

PYMNTS

DECEMBER 30, 2020

Connected-economy companies led 2020’s surprisingly successful roster of U.S. Robinhood offers an easy-to-use app to trade stocks commission-free, making the company popular with millennials. Petco said the upgrades include a focus on curbside pickup, same-day delivery, online appointment booking for veterinary care and more.

Marketing 198

Marketing Company Online Management 198

PYMNTS

FEBRUARY 13, 2020

The conversation came against a backdrop where NCR has been moving more deeply into mobile and online banking. Among the key focal points for NCR looking ahead lies expanding card management and commerce capabilities. For example, Visa bought Plaid as 2020 dawned.

Millennials 231

Millennials Digital Banking Mobile Course 231

PYMNTS

JANUARY 21, 2021

The pandemic has driven consumers to make the bulk of their purchases online, leading many businesses and retailers to struggle with securing their digital infrastructures and payments processes while managing floods of orders. retailers have digital oversights that leave them vulnerable to attacks.

Fraud 148

Fraud Strategy Study Cards 148

CB Insights

DECEMBER 10, 2020

The pandemic has also accelerated recent trends in banking, especially among the millennial demographic, which tends to favor digital banking and online brands over traditional banks. TransferWise is valued at $5B, as of July 2020. Companies like Fount and Liqid are digital asset managers with robo-advising capabilities.

America 101

America Lending Cards San Francisco 101

PYMNTS

DECEMBER 31, 2020

Take a look (and have a listen) at our 10 favorite podcasts from 2020. When you look at the spending graphs for millennials at that time, debit was growing at twice the speed of credit, but the average order value was much lower, which correlates with the lower disposable income in the demographic at the time,” Molnar noted.

Innovation 289

Innovation Payments Trends Regulation 289

PYMNTS

AUGUST 21, 2020

In fact, the majority of 2020’s new accounts have gone to megabanks and digital banks, not to community institutions. And lastly, COVID-19 has pushed the majority of commerce online, which can be bad news for smaller financial institutions (FIs). It’s a story told by the data itself, Lesher said. What Modernization Looks Like .

Cards 224

Cards Mobile Community Bank Community 224

PYMNTS

MAY 29, 2020

Companies that didn’t have online shopping channels couldn’t sell their products, while eateries that didn’t provide online ordering for delivery or pickup couldn’t serve their diners. Retailing 2020: Five Things To Watch. Millennials Are Facing Their Second ‘Once-in-a-Lifetime’ Financial Crash .

Maine 130

Maine ATM Innovation Millennials 130

Banking 2020

JANUARY 28, 2016

This article is written by me with support from Capital One in conjunction with the release of the brand new Millennial Mindset on Money Survey. If you’re a millennial, your answer is probably pretty boring – smart, but boring. Check out the results below! All opinions are my own. . What would you do with a $100 cash holiday gift?

Millennials 40

Millennials Survey Capital System 40

PYMNTS

OCTOBER 20, 2020

Over the last six years, Apple has managed to at least get Apple Pay access into a lot of American hands. As of Q3 2020, 93.9 consumers have smartphones that are compatible with Apple Pay as of Q3 2020. percent just before the pandemic broke out in early 2020. Apple’s New Numbers Grove. Of the 207.6 million U.S.

Apple 133

Apple Payments Study Mobile 133

Accenture

SEPTEMBER 22, 2019

By way of example, Monzo passed 2 million users in May 2019 and anticipates 3 million this year, while Revolut is targeting 10 million by 2020. They also deliver innovative, easy-to-use apps that help users with things like managing their daily budget or travelling abroad. Trust is central to any bank’s relationship with its customers.

Innovation 150

Innovation Metro Apple Marketing 150

PYMNTS

FEBRUARY 11, 2020

While “reselling” or “secondary market” are more likely to keep ownership of this burgeoning market, the reselling market is reinventing itself for 2020. Called See You Tomorrow , its “re-commerce experience” will include an online marketplace and brick-and-mortar location housed in the Nordstrom New York City flagship store on 5th Avenue.

New York City 124

New York City Marketing New York Los Angeles 124

PYMNTS

OCTOBER 29, 2020

They’re more concerned for protecting their health, they're working remotely, they’ve relocated most of their commerce lives online and on mobile — the list goes on and on. In fact, he said that a lot of consumer-lending products started out as installment loans designed to help customers better manage household finances.

Cards 245

Cards Lending Millennials Payments 245

Banking 2020

FEBRUARY 17, 2015

For everyone from lazy millennials in the suburbs to disadvantaged denizens in under-developed regions, this is a game-changer. It’s not in dispute that many aspects of life that previously took time now can be managed in seconds with a few clicks on the smartphone or tablet, yet it’s still a drag opening a bank account.

Mobile 40

Mobile Online Millennials Course 40

MyBankTracker

AUGUST 26, 2020

For children, a strong foundation in personal finance can lay the groundwork for a lifetime of smart money management. But, according to the Council for Economic Education, only 21 states require high school students to take a personal finance course, as of February 2020. How Children Can Start Managing Their Own Money.

Survey 52

Survey Cards Study Examples 52

PYMNTS

DECEMBER 19, 2018

percent — of shoppers visit a grocery retailer because they can well-coordinate online and in-store shopping. In fact, chatbots, or virtual customer assistants (VCAs), may be used in one-quarter of customer service and support operations by 2020, per some estimates.

Retail 108

Retail Colorado Online Mobile 108

PYMNTS

MAY 9, 2017

Likewise, earnings per share (EPS) and net income hit well above expectations, with the online retail giant raking in $1.48 ………………………………… One area (of many) where Amazon looks to grow quickly is in the online sale of apparel. on the first of May. .

Online 100

Online Retail National Marketing 100

FICO

JUNE 14, 2021

Invitations to buy even the smallest items on an installment plan seem to be everywhere online, and in-store, too: called “buy now, pay later” or BNPL loans, these offers let consumers buy what they want, now, and pay for it over time in four equal payments. BNPL: Even the smallest purchases can now be broken into bite-size chunks. .

Fraud 52

Fraud Cards Millennials Utah 52

CB Insights

JUNE 17, 2020

In the wake of the outbreak, everything from doctors appointments to schooling to workouts went online. Education: Technology and online content make the classroom optional. Online courses & content. Retail: Shopping goes even more online as grocery joins the e-commerce revolution. Online grocery. 3D printing.

Industry 101

Industry Technology Online Video 101

Gonzobanker

DECEMBER 20, 2019

billion of assets under management. Hats off the Schools Financial’s board and management for acknowledging that even multi-billion dollar credit unions can drive value via merging with someone bigger. We salute CEO Frank Weidner, CIO David Mason and Strategic Insights Manager Mike Lindberg for taking this big strategic step.

Idaho 148

Idaho Conference Data Marketing 148

CB Insights

OCTOBER 26, 2020

Even so, September 2020 was one of the strongest months for IPOs since Uber went public in May 2019. In the world of asset management, the biggest players are now dedicated firms like Vanguard. Total assets under management (AUM) at the top asset managers now dwarfs total AUM at the top banks. Table of contents.

Management 78

Management Capital Company Marketing 78

Banking 2020

NOVEMBER 27, 2015

When we’re online, we can go anywhere, and surely do. No one understands this trend better than those pesky millennials. The report makes clear that while winning over millennial customers is hard enough, keeping them can be even harder. Some online-only startup, with operations based overseas? So where are they going?

Millennials 40

Millennials Survey social media Online 40

Banking 2020

FEBRUARY 9, 2016

By 2020, this number will likely hit 6.1 Proactive banks have an opportunity to transform consumer behavior, win millennial customers and satisfy existing customers by taking advantage of the unique differentiation opportunity of mobile. Millennials have emerged as mobile trailblazers. alone will be using mobile banking.

Mobile 40

Mobile Industry Millennials Survey 40

NCR

NOVEMBER 6, 2017

Banks have spent a lot of time in the last few years trying to attract the attention of affluent millennial consumers – those born between the early 80s and mid-90s, who are currently an immensely attractive segment for financial institutions. Don’t mix them up with millennials.

Millennials 73

Millennials Study Groups Mobile 73