Remove 2025 Remove Community Remove Management Remove Millennials
article thumbnail

6 realities for banks about lending to small businesses

Abrigo

Bank management understand that the process small business owners go through to apply for a loan at most financial institutions is often archaic. Understand and meet the desires of millennial borrowers, who will constitute 75 percent of the workforce by 2025. Community banks worry they are in a lose-lose situation.

Lending 150
article thumbnail

LendKey And Unlocking A Generation Of Borrowers For Small Banks And Credit Unions

PYMNTS

And that, Passione said, is an opportunity for lenders who, in the years since the Great Depression, have found themselves struggling to build relationships with millennial consumers and who have taken a sort of “chilly” outlook toward traditional financial institutions (FIs). There are currently 13,000 community banks in the U.S.,

Lending 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Navigating The Overstuffed Weight Loss Market

PYMNTS

Depending on how one defines the terms “weight management” or “weight loss services,” the industry is projected to be valued at $21 billion on the low end up to $443 billion on the high end by the year 2025. billion in revenue a year. Noom is an app-based method for tracking calories and activity.

Marketing 131
article thumbnail

Banking’s Hard Fork in the Post-Neobank Era

Gonzobanker

According to Investopedia, “Forks may be initiated by developers or members of a crypto community who grow dissatisfied with functionalities offered by existing blockchain implementations.”. Banking’s Hard Fork. The “hard fork” is an apt analogy for what the banking industry is facing. Where : The Shift From Branches to Search to Platforms.

article thumbnail

24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

Now, with experts stressing the importance of rapid testing and tracking in managing the Covid-19 crisis, wearables and other health monitoring tech that enable diagnostics are taking center stage. It’s a sad consequence, but there is no other way [to communicate].”. market by 2025 prior to the onset of Covid-19.

Industry 101