PYMNTS

MAY 4, 2017

Among the core reasons for this: The perception that the use of cash was more secure. Regional banks have struggled to keep pace with technological shifts and maintain market share and have undertaken efforts to increase ATM counts to look bigger, perhaps, than they actually are, eyeing both brand presence and functionality.

ATM 192

ATM Millennials United States Study 192

Accenture

SEPTEMBER 22, 2019

Neo-challenger banks have several advantages over their traditional counterparts—including having lower operational costs, because their tech stacks are cheaper to run, and offering a tailored online experience that appeals to Millennials. What the future holds.

Innovation 150

Innovation Metro Apple Marketing 150

Insights on Business

FEBRUARY 27, 2019

Think of the changes in the past ten years in terms of how we deal with our banking needs. We moved from telephone banking to online or internet banking. The iPhone became more popular and apps got better and more secure. How should banks prepare for the digital future? How does one compete in that market?

Customer Experience 107

Customer Experience Mobile Millennials Examples 107

PYMNTS

NOVEMBER 8, 2017

Millennials are taking a mobile-first approach to banking, driving that transformation. However, older populations — and even millennials — still need the services provided by bank branches. Providing customers with an ATM experience that is both useful and simple is anything but simple on the bank’s end.

ATM 126

ATM Strategy Mobile Millennials 126

PYMNTS

JULY 15, 2016

Brad Fauss, CEO of the National Branded Pre-Paid Card Association and MPD CEO Karen Webster dug into the potential for these rules to create the kind of inconsistencies that could very well disadvantage the very consumers that the CFPB intended to protect. And for some consumers, especially millennials, that’s just not their choice.”

Cards 100

Cards Millennials Regulation Cyber Security 100

PYMNTS

JULY 18, 2019

Drilling down a bit, and as detailed in the playbook, the data revealed that as many as 40 percent of smaller banks planned to focus on rolling out new products over the next three years, while only 8 percent of large banks said they were interested in doing the same. That bifurcation comes, said DeRosa, as demographics shift.

Innovation 155

Innovation Study Technology Millennials 155

NCR

FEBRUARY 17, 2017

That includes growth areas like mobile banking, of course, but also covers traditional cornerstones of retail banking like the ATM. In the rush to serve the tech-savvy millennial market and keep up with the latest developments in mobile and digital banking, some FIs might fall into the trap of overlooking traditional channels.

ATM 85

ATM Mobile Strategy Fraud 85

Banking 2020

FEBRUARY 9, 2016

alone will be using mobile banking. Consumers are hungry for new ways to make their banking easier and more efficient. Proactive banks have an opportunity to transform consumer behavior, win millennial customers and satisfy existing customers by taking advantage of the unique differentiation opportunity of mobile.

Mobile 40

Mobile Industry Millennials Survey 40

Independent Banker

OCTOBER 29, 2014

A consensus says that the future banking customer relationships—particularly for millennial consumers—will orbit to one degree or another around mobile technology. As Epperson says, “Community banks do have a need to appeal to that younger demographic who are managing their lives on their mobile phones.”.

Mobile 105

Mobile Community Bank Community Technology 105

PYMNTS

DECEMBER 15, 2017

is a rally cry that would perk the ears of many millennials, but how about “ Mastercard , assemble?”. Assemble for millennials is a toolkit that issuers, corporations and IBCUs can use to enable digital financial solutions, in this case targeting millennials, using a single-access digital prepaid product.

Millennials 134

Millennials Management Cards Security 134

CB Insights

OCTOBER 10, 2018

What these startups share is the goal of creating customer-centric banking products that target underserved individuals and businesses. DOWNLOAD THE 61-PAGE consumer banking REPORT. See which startups are helping JPMorgan, Bank of America, and Citi build the digital banking platforms of the future. Millennials.

Retail 78

Retail Cards Millennials Mobile 78

The Financial Brand

JANUARY 19, 2022

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

Banking Trends 32

Banking Trends Analysis Trends Branding 32

PYMNTS

JANUARY 2, 2017

The spring brought coverage of mobile advertising and payments on the go at food trucks as small, smart device-powered businesses, and in the fall, we looked at the biggest trends in digital security at the annual Money20/20 Conference in Las Vegas. DIGITAL BANKING TRACKER.

Retail 123

Retail Millennials blockchain Mobile 123

PYMNTS

JULY 9, 2018

Store-based installment plans have existed for decades, but now point-of-sale credit innovators offer consumers the chance to finance the purchase of individual products in-store and online, via white label or branded solutions. Is the fit with my usual size in this brand of jeans the same in the same size with another brand?

Strategy 105

Strategy Millennials Online Branding 105

FICO

JANUARY 19, 2018

That can be a tall order, and data from Accenture confirms as much: 70% of consumers feel that their relationship with banks today is “transactional” in nature, rather than “relationship-based.”. If that percentage seems high to you, perhaps it’s because you thought “only millennials” have those kinds of needs.

Analytics 45

Analytics Millennials Retail Data 45

NCR

NOVEMBER 15, 2017

One institution that has recognized the value of simplicity is Wells Fargo, which recently announced a new digital banking experience designed to give customers a unified view of their “fragmented financial lives” – Control Tower. The post Should banks be working to make customers’ lives simpler?

Customer Experience 59

Customer Experience Mobile Digital Banking Millennials 59

PYMNTS

NOVEMBER 18, 2019

Smart, too, because instead of trying to be the bank, Google is leveraging the brand name, banking infrastructure and reputation for trust and stability of two banks, one of which is among the world’s largest global financial institutions, to acquire new users for that product and for Google Pay.

Google 177

Google Study Payments Branding 177

Gonzobanker

DECEMBER 22, 2015

We don’t know what Los Alamos National Bank’s marketing department was drinking when it designed the customized water bottle labels, but we’re giving them big points for creativity. Department Whose Brand Isn’t Improving Award. Bank project management offices. FFIEC’s Cyber Security Self-Assessment Tool. Diebold Nixdorf.

Community Bank 60

Community Bank Apple Community Technology 60

Fintech Labs Insights

AUGUST 1, 2016

brandCrowder has developed an alternative investment platform focusing on branded franchises. Daon bridges convenience and security by offering financial services companies a mobile biometric authentication platform that turns a smartphone into a mobile capture device.

How To 12

How To Analytics Millennials Data 12

Fintech Labs Insights

JULY 22, 2015

Backbase will talk about its Digital Banking Platform and its Open Banking Marketplace. Fueled by a strong, open API strategy, Backbase’s platform gives FI’s the ultimate freedom and flexibility to work with any core and third party vendor, to create a best-of-breed digital banking offering for their clients.

San Francisco 12

San Francisco Video Fintech Data 12

NCR

JUNE 21, 2016

According to a recent study , all four of the leading banks are among the ten least-loved brands by Gen Y, and one in three millennials revealed they’re open to switching financial institutions in the next 90 days. Millennials don’t like traditional banks and don’t see any stark differences between them.

Millennials 45

Millennials Data Study Digital Banking 45

William Mills

SEPTEMBER 7, 2016

Integrated with major retailer API’s like Amazon, eBay, Best Buy and several other aspirational brands. Most PFM solutions come from a bank-oriented side; this seems to be taking the model from both the retailer and the banking side. Working with Banks and financial services partners to build fast, scalable and secure payments.

Mobile 40

Mobile Cards Fraud Data 40

CB Insights

JUNE 17, 2020

Finance: Demand for contactless options accelerates digital adoption. Branchless banking. Security: Higher internet usage and data generation lead to increased investment. Meanwhile, brands that were already virtual-first have seen dramatic increases in adoption during the crisis. Conversational AI/chatbots.

Industry 101

Industry Technology Online Video 101

PYMNTS

APRIL 6, 2016

In terms of more targeted offerings, banks that are looking to reach the 35-and-older demographic, for example, are integrating a large amount of lending functionality, while those that want to service the millennial end of the consumer spectrum are doing so with offerings related to instant cash access and instant transfers.

Technology 100

Technology Innovation Course Security 100

PYMNTS

MARCH 7, 2016

Big brands are closing stores right and left because shoppers don’t visit them as much as they once did. Did prepaid really solve a problem for people – or did it instead try to solve a problem for the industry that was determined to move cash to digital? Introducing The Sleepless In Payments Six. Take physical retail.

Payments 100

Payments Innovation Software Mobile 100

Fintech Labs Insights

SEPTEMBER 1, 2015

Avoka’s digital business platform for frictionless sales and service solves the “buy” problem for financial institutions, government, and education. BehavioSec enhances security without impacting the user experience. It is currently deployed at 20+ retail banks with over 500m transactions a year.

Company 12

Company Software Analytics Mobile 12