PYMNTS
AUGUST 17, 2017
But, while closing physical bank branches might appear to be a wise cost-saving measure, the move comes with risks that could hurt banks’ relations with new millennial customers. For Bank of the West, this has meant trying to get in front of expectations rather than perpetually attempting to catch up.
PYMNTS
FEBRUARY 13, 2020
“The branch is a digital ecosystem in and of itself,” he said, “and it should be connected to the digital banking, self-service ecosystem,” as the footprint — including the ATM — is not going away. Conventional wisdom may hold that millennials want a purely self-service experience when it comes to their financial lives.
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PYMNTS
JUNE 22, 2017
New digital banking solutions are creating new options for these citizens to make a difference in the world through their consumer purchases. Aspiration markets itself as a digital-first financial firm that helps socially minded customers make a positive impact through products that make money and a difference at the same time.
PYMNTS
MARCH 2, 2018
For millennials, these cards simply don’t induce the same debt-based anxieties as credit cards. A recent survey found credit card debt is a source of considerable worry for millennial consumers, with 33 percent reporting it as the most feared life aspect. Winning the millennial market. Think like a retailer.
PYMNTS
SEPTEMBER 12, 2019
The company is positioning itself to attract millennials, who have proven to be more socially and environmentally conscious than previous generations. Aspiration said the retailers and the bank will jointly fund the rewards. Based in Marina del Rey in California, Aspiration bills itself as a socially responsible bank.
PYMNTS
JUNE 27, 2019
In the latest Digital Banking Tracker™ , PYMNTS examines how banks are innovating to address these security vulnerabilities. Around the Digital Banking World. Banks and payment players are adopting new technologies to keep customer data safe. In the U.K., The platform will launch in the U.S.
PYMNTS
JULY 31, 2017
And, in California, First Financial Credit Union announced it will use digital security solutions provider IMM’s eSignature and eTransaction solutions to move toward paperless document transactions, a move that could offer the credit union cost-savings by freeing staff from dealing with paperwork.
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