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Alphabet’s New CEO, Millennial Black Friday Spending And Digital Drivers’ Licenses Top This Week’s News

PYMNTS

We have a deep dive into Colorado’s digital driver’s license effort and news on Alphabet’s new CEO, as well as data on millennial Black Friday spending. UK Digital Bank Monzo Taps Visa Exec as US CEO. Monzo , London’s digital unicorn, has appointed TS Anil to head U.S. Top News . operations.

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Unbundling Bank Of America: How The Traditional Bank Is Being Disrupted

CB Insights

Bank of America and the traditional banking system is being disrupted across a wide variety of core revenue streams. . The banking industry has not been spared from the impact of Covid-19. Bank of America, for one, saw profits drop 16% year-over-year (YoY) in Q3’20 to $4.9B. Investment banking.

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Not Down For The Count, Cash Still Counts For Plenty

PYMNTS

In the latest webinar series, PYMNTS’ Karen Webster jumped into the findings of the Global Cash Index, gaining a sense of the story behind the numbers in the United States and the Americas in general. Turning to the Americas — defined as the U.S., percent over that time frame. do not accept cash.

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Aussie FinTech Douugh Introduces ‘Savings Jar’ With Mastercard Debit

PYMNTS

million-plus millennials in the country. . Douugh partnered with Mastercard earlier this year and rolled out a co-branded Douugh debit card in the U.S. ”We The Savings Jar component is structured to assist Douugh users with picturing and pursuing their savings goals. There is a waiting list in the U.S.

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Faster Cash Back, Happier Customers?

PYMNTS

Cash back programs are nothing new for financial institutions (FIs), but the banking industry may be well-served to take a few cues from the masters of rewards: retailers. For millennials, these cards simply don’t induce the same debt-based anxieties as credit cards. Winning the millennial market. Think like a retailer.

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Are Rewards Programs a Requirement?

Independent Banker

Banking customers are no different. Statistics are especially compelling for those trying to attract and maintain the millennial segment. Community banks should evaluate solutions that align with their service-oriented traditions and bring value to customers throughout their communities. Retrieved April 19, 2016, from [link].

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Inside the Strategy Behind BofA’s Digital Life Planning App

The Financial Brand

Looking to cement its dominance in retail banking, Bank of America created Life Plan 1.0, a digital app tightly tied to in-person experience. The post Inside the Strategy Behind BofA’s Digital Life Planning App appeared first on The Financial Brand.