Remove ATM Remove Branding Remove Financial Technology Remove Millennials
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Is a cashless future all that it seems?

NCR

billion cash withdrawals annually at UK ATMs that amount to almost £6,000 GBP every second! As expected the younger generation, millennials, are less concerned about move compared to those older. 91% of UK residents withdraw cash from ATMs monthly (Payments UK). The dash for cashless. Faster payments still only account for 2.7%

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FinovateSpring 2016 Live Blog – Day 2

William Mills

2 out of 3 families live with financial stress, 50 million households in the US. PayActiv helps consumers with short-term cash, available to be picked up from any ATM. Showing using a brand new device on a brand new connection. Millennials want their mortgages fast, rocket fast.” Very compelling offering. ^SR

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FinovateSpring 2016 Live Blog – Day 2

William Mills

Branded version is available. ^KT. Fiserv is meeting that need for FIs and millennials. Industry leader Fiserv is tackling the issue account opening for Millennials. I suspect it could be very popular with Millennials as they get serious about savings and investing. As a co-branding solution, it would work very well.

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The Financial Industry’s Digital Transformation

FICO

The financial and retail sectors both have emerging competitors who are more technologically sophisticated than the incumbents. However, while financial technology (FinTech) startups have created challenges for their legacy competitors, traditional banks and credit unions have been much more resilient than their equivalents in retail.