Remove ATM Remove Financial Technology Remove Innovation Remove Millennials
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Banking at the Grocery Store

Banking 2020

Focusing specifically on that evolving demographic known as millennials, the survey of 1,500 respondents aged 18-34 reveals that nearly three-quarters visit a branch once a month or less. Fewer than 40% use physical banks to conduct any banking activities other than using an ATM, and only 6% visit a branch on a weekly basis.

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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. Millennials want their mortgages fast, rocket fast.” Millennials want the right mortgage, right now, online or on their phone. Very compelling offering. ^SR

Video 40
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FinovateSpring 2016 Live Blog – Day 2

William Mills

Katerina Frolovicheva (MD, Technologies Innovations). This is a leading bank in Russia, with a track record of fintech innovation. David Carr (Innovation Manager). Fiserv is meeting that need for FIs and millennials. Industry leader Fiserv is tackling the issue account opening for Millennials. That’s new.

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The Financial Industry’s Digital Transformation

FICO

Typically, competition, innovation, and/or regulatory changes drive transformation, resulting in new products, providers, and pricing plans for consumers. The financial and retail sectors both have emerging competitors who are more technologically sophisticated than the incumbents.