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Millennials Represent Nearly 3 of 5 New 1Q Account Openings at Ally

Bank Innovation

The Detroit, Mich.-based based online-only bank, Ally Financial, had 120,000 new deposit customers in the first quarter on 2019, CEO Jeff Brown said on the bank's 1Q earnings call Thursday, bringing the Ally’s total depositor count to 1.77 million — a 20% YoY increase.

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Macy’s Spotlights Women-Owned Businesses With SoGifted

PYMNTS

Macy’s is partnering with the female-led millennial venture capital fund SoGal Ventures to launch an in-store initiative focused on women-owned businesses, Macy’s said in a press release on Thursday (Dec. The retailer is opening SoGifted shops in its flagship Manhattan store and six other locations. Lauderdale.

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24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

Tech giants aren’t the only companies that have spotted the opportunity in remote diagnostics — some biotech companies have moved quickly to demonstrate value and capitalize on the eased regulations as well. Even before the Covid-19 pandemic, an increasing amount of capital was being devoted to cybersecurity.

Industry 101