Remove ATM Remove Financial Technology Remove Millennials Remove Retail
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Digital-First Banking Branches Out

PYMNTS

How important are humans to your retail banking experience? It’s a fair question given that ATMs and mobile banking can now make the whole “teller in a window” thing disappear permanently. It looked like bank branches were teetering on the brink, with net closures of retail locations consistently ahead of new branch openings.

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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). Million (Retail Banking Research 2015).

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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. Going to speak about technology can be better used in the card world. Millennials want their mortgages fast, rocket fast.” Very compelling offering. ^SR

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FinovateSpring 2016 Live Blog – Day 2

William Mills

Portfolio outlooks, recommendation.Provide retail and advisory users the insight they need with Polly Portfolio. If you have a large retail investor base, and no resources to interact with them, then perhaps there some value? ^SR. Svyatoslav Ostrovsky (Head of Retail Digital Business). Retail for a piece. That’s new.

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The Financial Industry’s Digital Transformation

FICO

A textbook example of this would be Amazon and eBay disrupting the retail sector. Through their own innovations and an overall advancement in technology, online retailers attracted customers away from legacy retailers with a wide variety of choices, low prices, and high convenience.