America Fintech Lending Millennials 
PYMNTS
OCTOBER 4, 2019
As Mark Rockefeller, co-founder and chief executive officer of small business lending-as-a-service provider StreetShares , told PYMNTS in a recent interview, that pressure to digitize expands to credit unions and community banks in their SMB lending offerings, too, and do it profitably. “This is an extraordinary thing. .”
CB Insights
DECEMBER 10, 2020
Bank of America and the traditional banking system is being disrupted across a wide variety of core revenue streams. . Bank of America, for one, saw profits drop 16% year-over-year (YoY) in Q3’20 to $4.9B. Consumer deposits and savings are the bread and butter of any traditional bank, and Bank of America is no exception.
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FICO
AUGUST 19, 2022
Tackling the Fintech Threat: A Guide for Banks and Credit Unions. What financial institutions need to compete with fintech threat disrupters. As FinTech funding rises to new record levels – $131.5 According to a 2022 report by Cornerstone Advisors , the percentage of Gen Z, Millennial, and Gen X consumers in the U.S.
PYMNTS
NOVEMBER 16, 2017
As credit unions (CUs) face increased competition from traditional banks and new players from the FinTech crowd, many institutions ponder the same question: What can we do to keep our doors open? From Mill Workers to Millennials. While you need electronic channels, you still need a physical branch to bring millennials in,” Senus said.
PYMNTS
AUGUST 4, 2017
The report included several recommendations for banks, FinTechs and other financial services players — guidelines to establish an industry-driven framework for governing the system and encourage further research and investment in emerging financial technologies. Millennials Moving Into And Up In The Business World.
PYMNTS
APRIL 2, 2018
It’s not only for consumers, though: Alternative lending firm Kabbage recently found that mobile lending is on the rise among small businesses, with a more than 360 percent increase in the number of SMB loans accessed via mobile device between April 2014 and February 2018.
PYMNTS
FEBRUARY 20, 2019
While they were once seen as novelties, challenger banking institutions are further encroaching into traditional banks’ territory, adding new responsibilities and products to their portfolios, such as lending. Such is the case in Latin America, where roughly 70 percent of the population lacks bank accounts. In the U.S.
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