PYMNTS

DECEMBER 11, 2020

Online lending startup Social Finance (SoFi) is in talks to go public through a sale to blank-check acquisition company. Report: Millennials, Buy Now Pay Later And The Shifting Dynamics Of Online Credit. Nearly 90 percent of millennials have credit cards, yet still seek new ways to finance their online purchases.

Trends 175

Trends Fraud Millennials Community Bank 175

The Financial Brand

OCTOBER 20, 2021

The post Top Mortgage Lending Trends for 2022 appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Despite some uncertainty over the duration of the home buying boom, banks and credit unions must adapt to technology and demographic changes.

Trends 33

Trends Lending Banking Trends Analysis 33

PYMNTS

JANUARY 22, 2020

The webinar featured Karen Webster from PYMNTS and Amy Parsons, senior vice president of global acceptance at Discover Financial Services and its payments brand, Discover Global Network. By comparison, 32 percent of Gen Z, 35 percent of millennials and 22 percent of Gen X consumers buy online from the same store. Trust Issues.

Retail 137

Retail Millennials New York City social media 137

PYMNTS

APRIL 14, 2016

How long should it take a brand to get its message across in a video advertisement? A predominant finding of the IAB study is that when it comes to mobile advertising (on both smartphones and tablets) for millennials, shorter is better. But, boy oh boy, brands better make it worth it.

Video 100

Video Millennials Study Mobile 100

The Financial Brand

APRIL 30, 2020

Everyone's affected by the pandemic in some way but some Millennials are now getting their third major economic blow as conditions worsen. The post Covidnomics and Credit: Millennials Taking Brunt of Coronavirus Slump appeared first on The Financial Brand.

Millennials 27

Millennials Branding Strategy Lending 27

PYMNTS

MARCH 10, 2020

What instant lending innovation have shoppers fallen in love with? The timing is good for BNPL brands, as physical retail stores struggle to stay relevant and eCommerce players try to crack the checkout conversion code. Here’s a hint: We’ll tell you now … and you can thank us later. It’s a bona fide phenomenon.

Case Study 135

Case Study Retail Millennials Branding 135

The Financial Brand

NOVEMBER 13, 2019

Helping consumer lenders embrace social media the way real estate agents do will help banks and credit unions gain Millennials' business. The post Social Media Tips Financial Marketers Can Use to Fuel Consumer Lending appeared first on The Financial Brand.

social media 25

social media Lending Marketing Millennials 25

PYMNTS

MAY 29, 2019

Over the last year, we’ve worked aggressively to grow SoFi from a desktop lending business to a broad-based, mobile-first financial platform enabling members to borrow, save, spend, invest and protect their money,” said Anthony Noto, CEO of SoFi. billion in 2018, up from under $1 billion in 2013. percent annual percentage yield.

San Francisco 116

San Francisco Capital Millennials cryptocurrency 116

PYMNTS

OCTOBER 29, 2020

While many firms in the lending and cards business have suffered in 2020, Laplanche said Upgrade has actually had a great year, with 100 percent growth over the past 12 months. In fact, he said that a lot of consumer-lending products started out as installment loans designed to help customers better manage household finances.

Cards 245

Cards Lending Millennials Payments 245

PYMNTS

MAY 23, 2019

Millennials, Bridge Millennials and the rapidly up-and-coming Gen Z consumers mostly prefer digital banking as their go-to when they interact. For credit unions alone [in] 2015 and 2018, credit union market share of personal lending went from 31 percent to 22 percent. That result, Chambers noted, is just an average.

Online 123

Online Millennials Digital Banking Maine 123

The Financial Brand

JANUARY 12, 2020

The post Banks & Credit Unions Facing Mortgage Headwinds With Millennials appeared first on The Financial Brand. The math challenges many lenders, but can they afford to hand this huge market to fintechs?

Millennials 18

Millennials Branding Fintech Marketing 18

PYMNTS

APRIL 8, 2020

point-of-sale (POS) form of lending that’s become a retail sensation around the world in recent years. Remote workout brands like Bowflex and Peloton were well-positioned for COVID-19’s social distancing order from the get-go, with preexisting menus of live-streaming classes and, of course, their eponymous home gym hardware.

Exercises 173

Exercises Payments Millennials Retail 173

PYMNTS

OCTOBER 5, 2018

Consumers, particularly millennials, tend to value transparency and the ability to plot their financial lives around predictable, easy to understand expenses, noted Abramowitz. By contrast, in the private-label credit card world, a customer has a far less transparent view into their spending.

Cards 144

Cards Retail Online Millennials 144

PYMNTS

MAY 28, 2019

Indonesian ride-hailing and online payment company GO-JEK , for instance, is expanding its financial technology services through partnerships with peer-to-peer (P2P) lending firms Dana Cita, Aktivaku and Findaya. Mallzee created a digital mall where consumers can compare many different retail brands.

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

FEBRUARY 14, 2018

It’s no secret: Millennials are saddled with student loan debt, and they’re facing more expensive rent. The company offers its consumers this value proposition: Give us about 10 percent of the cost to purchase the goods, and we’ll lend you the equipment. In the future, Joymode could work with brands to promote their products.

Los Angeles 109

Los Angeles Millennials Branding Company 109

The Financial Brand

OCTOBER 13, 2021

Financial institutions can't approach the generation that's growing up with BNPL and likes debit cards the same way as Millennials. appeared first on The Financial Brand - Banking Trends, Analysis & Insights. The post Will Loan Volume Shrivel as Debt-Wary Gen Z Hits Their Borrowing Prime?

Millennials 37

Millennials Banking Trends Analysis Trends 37

The Financial Brand

MAY 3, 2021

The post 5 Digital Strategies to Boost Mortgage Lending in a Red Hot Market appeared first on The Financial Brand. Demand is soaring but so is competition, making digital marketing tools and capabilities – including mobile, chat and social – essential.

Digital Strategies 17

Digital Strategies Strategy Lending Marketing 17

PYMNTS

FEBRUARY 20, 2018

Late payments and out-and-out defaults and charge-offs are on the rise across a few lending segments. A fair portion of that interest rate, according to the Fed, was an uptick in mortgage lending. Citibank’s store-branded card portfolio, for example, is expected to see a charge-off rate of about 4.6 Student Lending.

Lending 105

Lending Cards America New York 105

The Financial Brand

AUGUST 22, 2021

The fast-growing BNPL market, popular with Millennials and dominated by fintechs, is already siphoning billions in revenue from banks. The post Financial Institutions Must Address ‘Buy Now, Pay Later’ Problem Now appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Millennials 41

Millennials Banking Trends Analysis Trends 41

The Financial Brand

MARCH 22, 2021

Drowning in student debt, consumer inability or unwillingness to borrow more may cripple the lending market. The post Skyrocketing Student Loans Threaten to Suffocate Lending’s Future appeared first on The Financial Brand. Experts say it will grow worse.

Lending 41

Lending Branding Marketing Customer Experience 41

PYMNTS

JULY 21, 2017

Consumers: UBS offers up what might be a canary in the lending mine: The poorest Americans voiced the least confidence in handling their debt loads and staying current on bills. The launch of Kenmore products on Amazon.com will significantly expand the distribution and availability of the Kenmore brand in the U.S.,”

Millennials 100

Millennials Mobile Branding Retail 100

CB Insights

DECEMBER 10, 2020

The pandemic has also accelerated recent trends in banking, especially among the millennial demographic, which tends to favor digital banking and online brands over traditional banks. However, both brands have expanded to additional products, such as Venmo’s credit card and Cash App’s stock investing offering. . SMB lending .

America 101

America Lending Cards San Francisco 101

Insights on Business

OCTOBER 10, 2017

Here is a preview of our focus at this year’s Sibos: Enterprise blockchain – IBM is leading the advancement of blockchain with many projects under way in financial services including foreign exchange payments netting , private equity administration , securities lending and trade finance.

blockchain 87

blockchain Customer Experience Compliance Fraud 87

Jeff For Banks

MARCH 3, 2018

That's what I thought about while reading a recent Financial Brand post about Innovation in Banking: Killer Ideas? How do we balance strategic direction, customer demand, and the futurist or wildly over-caffeinated millennial that tells us we have to implement every shiny new object or we'll die? or Idea Killers? Much to my chagrin.

Apple 67

Apple Millennials Massachusetts FDIC 67

CB Insights

SEPTEMBER 10, 2019

While the media often portrays millennials as preoccupied with the rising prices of festival tickets and avocado toast, their real financial concerns are a bit more practical. But millennials face significant headwinds in making those financial dreams a reality. get the REPORT on next generation investors. From big banks to big tech.

Millennials 77

Millennials Mobile Lending Cards 77

PYMNTS

MARCH 21, 2019

The Fashion Lending Platform. For the target market, Prew is focusing on millennial females in central London between the ages of 25 and 35. Overall, the company is focused on attaining a balance of vintage products, one-off items as well as mid- and high-end brands.

Retail 130

Retail Millennials Company Security 130

PYMNTS

JULY 21, 2017

If one looks at the NPS scores — the ranking of how likely consumers are to recommend a product or services on a scale of -100 to 100 — popular consumer brands like Starbucks and Amazon have rankings in the 70s and 80s. Financial brands, on the other hand, have scores calculated in negative numbers.

Retail 111

Retail San Francisco Cards Conference 111

MyBankTracker

OCTOBER 27, 2020

turning points into branded store gift cards) or deal with changing valuations (e.g., Study: How Much Money Would You Lend to Family or Close Friends? Report: 49% of Millennials Don’t Own a Credit Card. Redeeming cash back is straightforward — you’re getting the dollar amount in rewards. Related Articles.

Study 52

Study Cards Survey United States 52

PYMNTS

AUGUST 24, 2016

It’s one of many brands struggling to define and place itself in the mobile and digital era — and consistently finding itself not quite getting there. Such is the question underlying a recent piece in Bloomberg, wondering whether The Gap and its brand-wide focus on predictable staples might be its essential problem.

Trends 100

Trends Branding Millennials Conference 100

The Financial Brand

NOVEMBER 29, 2023

This article Why Offering BNPL Makes Sense for Banks and Credit Unions appeared first on The Financial Brand. This article Why Offering BNPL Makes Sense for Banks and Credit Unions appeared first on The Financial Brand. Buy now, pay later can be a complement to credit card programs rather than a competitor.

Customer Experience 33

Customer Experience Branding Cards Millennials 33

PYMNTS

DECEMBER 19, 2016

While they enjoy many FinTech innovations, most millennials don’t have a snowball’s chance of earning more than their parents — ever. It’s one thing for the millennial offspring of the billionaire hedge-fund scions to fall short of making a billion because they only manage to pull down $760 million a year. It’s a fact. population.

Millennials 100

Millennials Fintech Cards Groups 100

PYMNTS

JULY 17, 2016

A product of its times, fast fashion tapped into its millennial core audience’s two favorite things: saving money and novelty. While other brands are struggling – and certainly its brand-mates The Gap and Banana Republic have continue to stumble- it seems Old Navy has managed to reverse and early year stumble.

Retail 100

Retail New York Millennials Branding 100

PYMNTS

FEBRUARY 3, 2017

Users can also take advantage of the Flexible Rewards and Lending program via their mobile phones. They are looking for brands to help simplify their day-to-day life with these features, and so it’s our mandate to evolve alongside that customer base and to ensure we’re constantly meeting those changing needs and wants as they evolve.”.

Payments 100

Payments Mobile Apple Study 100

Celent Banking

MARCH 16, 2015

P2P lending), and new payment schemes. A recent study found that despite problems with megabank perception, 73% of those asked said a recognizable brand was important in choosing a financial institution. A regional bank poll of millennials found that not one could name a community institution in their area.

Conference 100

Conference Retail Community Bank Community 100

PYMNTS

JULY 15, 2016

We understand that sometimes brands do things in an effort to get a little boost so that people notice. Lending Club Algorithms . It is truly not our intention to call out Lending Club week after week in this column as a fizzle. The article also reported that Lending Club had verified income for only 26.8

Retail 100

Retail FDIC Bitcoin Lending 100

PYMNTS

JUNE 5, 2018

In its latest research, business intelligence firm RFI found that most millennials in the U.K. Following the company’s launch of small business lending services, PayPal partnered with small business accounting software Reckon in 2016, enabling SMBs to issue invoices with the capability for customers to settle using PayPal.

Payments 116

Payments Survey Software Millennials 116

Insights on Business

JANUARY 31, 2019

Coffee chains continuously evolve their branding, in-store design and the way they deliver their offerings to not just keep “the coffee experience” fresh, but also to appeal to the next generation of consumers.

Payments 107

Payments Fraud San Francisco social media 107