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The Coming Millennial FinTech Crisis

PYMNTS

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.

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From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

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.

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What The Climbing Debt Defaults Really Mean For The Economy

PYMNTS

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
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The 2018 GonzoBanker Awards

Gonzobanker

Leveraging the Virtual Wallet brand it built years ago, it will be worth watching how PNC fares in 2019. This award goes to Ally Bank ’s mind-numbingly fast growth in its auto lending unit. According to BankRegData, Ally has grown its auto lending portfolio by 68% since 4Q15. The Millennial Over-Transparency Award.

Fintech 102
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How 60+ Startups Are Disrupting Retail And Commercial Banking Around The World

CB Insights

Asia is highly competitive, with tech giants like Ant Financial and Tencent’s WeChat actively dominating mobile payments and expanding their reach in financial services across lending, wealth management, and insurance. This includes targeting the underbanked/unbanked, millennials, students, kids, freelancers, and early adopters of blockchain.

Retail 78
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The ‘Uber Of Nothing’ Is Coming

PYMNTS

It’s not as if a person making the request for a tissue, pain reliever or bandage was specifically asking for a Kleenex, Bayer Aspirin or Band-Aid brand item. But, over many decades, these three brand names achieved such dominance in their categories that they became the most natural way for people to refer to all products in that category.

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Ready for a Sneak Peek? How to Best Prepare for FinovateFall

Fintech Labs Insights

brandCrowder has developed an alternative investment platform focusing on branded franchises. Envestnet | Yodlee offers millennials a solution for measuring financial health and promoting a healthy financial lifestyle. nanoPay offers a payments and loyalty solution for merchants.

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