PYMNTS

AUGUST 17, 2017

Chase, Wells Fargo, Bank of America and Citi, to name a few, all scaled back their physical bank branch locations between 2012 and 2016, according to the Federal Deposit Insurance Corporation (FDIC). Additionally, if recent trends are any indication, physical bank branches stand to lose a lot of ground in the near future.

Millennials 132

Millennials Digital Banking San Francisco Fintech 132

PYMNTS

OCTOBER 6, 2017

Millennials represent what the executive termed a “P2P native” segment, with 67 percent of individuals using cash for payments (P2P) versus 62 percent for all age groups. That environment renders digital banking inaccessible. Bailey said that granular detail shows some generational divide here.

United States 119

United States Study Cards FDIC 119

PYMNTS

JANUARY 30, 2018

Bank of America’s response to the barrage of complaints was to guide the e-account customers to their Core Checking account, which they claimed offered a “great value.”. As of today, over 25K customers have made [the] switch from Bank of America to Aspiration.”. Who They Serve.

America 109

America Maryland FDIC Millennials 109