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Gen Zā€™s Top Priorities When Selecting a Financial Service Provider

The Financial Brand

But traditional institutions and fintechs must earn the trust of these young consumers. The post Gen Z’s Top Priorities When Selecting a Financial Service Provider appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Retail bankers may assume they have Gen Z down pat.

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How JPMorgan Is Preparing For The Next Generation Of Consumer Banking

CB Insights

This is in part because customers no longer need to rely on banks for financial services ā€” 60% of US bank customers say they are willing to try a financial product from a tech firm they already use, and that number rises to 73% for customers aged 18 ā€” 34. JPM leads banks in active digital customers.

Cards 76
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10 Lessons We Learned at the Nacha Smarter Faster Payment Conference

South State Correspondent

The session also covered the new Georgia “merchant acquirer limited purpose bank” (MALPB) charter, which has the potential to be popular among fintechs wanting bank powers. This charter will give banks more competition in payments. It is likely that regulators will soon ask banks to come up with a plan.