Remove America Remove Fintech Remove Marketing Remove Millennials
article thumbnail

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. . Bank of America, for one, saw profits drop 16% year-over-year (YoY) in Q3’20 to $4.9B. Tech companies are chipping away at the traditional bank’s market share.

America 101
article thumbnail

P2P Payments’ Rising Appeal Beyond Millennials

PYMNTS

Last month, Bank of America revealed that it saw a 76 percent year-over-year increase in Zelle payments in Q3. only, the service is slated to soon expand to other global markets. These consumers are also likely to want their banks to provide P2P offerings and are less likely to turn to FinTechs for such tools.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Where Does Chime Go From Here?

Gonzobanker

While valuation at many fintechs has dropped since 2022, Chime has bucked the trend. Bloomberg recently reported that Chime, the leading fintech neobank, is planning to go public in 2025. Cornerstone’s numbers don’t jive, however, with what some of the other fintechs have reported publicly. of Millennials, 7.5%

article thumbnail

Top News In Payments: Wells Fargo Appoints COO; Visa Names New Partners To Help FinTechs

PYMNTS

Also, Visa is working with four global finance firms to help FinTechs issue plastic as well as digital payments. New Visa Alliances Help FinTechs Launch Payments Solutions. Visa is working with four global finance firms to help FinTechs issue plastic as well as digital payments. operations. operations. he asked. “I

Fintech 132
article thumbnail

Banking for the Digital Generation: Attracting & Retaining Millennials

NCR

Coming of age during the last recession and being subjected to the barrage of headlines about financial executives misbehaving, many Millennials are distrustful of established financial brands and institutions. are in the bottom 10 of the least loved brands by Millennials. are in the bottom 10 of the least loved brands by Millennials.

article thumbnail

Tackling the Fintech Threat: A Guide for Banks and Credit Unions

FICO

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.

Fintech 52
article thumbnail

Easing Recurring Collections For Tech-Averse SMBs

PYMNTS

Small businesses, particularly those launched by younger entrepreneurs, are often assumed to be a key driver of B2B FinTech innovation as business owners seek sophisticated, automated technologies to run their businesses. One of the biggest lessons would perhaps come as a surprise to many in the SMB FinTech space.