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Teenager-Focused Digital Bank Wins Fresh Funding

PYMNTS

Much thought is given to millennials and even Generation Z — consumers who were born during fixed periods of time, and who are having an increasing impact on payments and commerce. But let’s not forget the role of the teenager in digital retail, financial services and transactions. million in fresh capital. Banking App.

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Canadian Startup KOHO raises C$42m to Expand Banking Services

Bank Innovation

KOHO, a Toronto-based digital banking startup, has raised C$42 million (US$31 million) in a Series B round to add new products and services. KOHO, with its millennial friendly aesthetic and messaging, currently offers its users debit cards, personal finance management tools and cashback features.

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Google Pay Co-founders’ Indian Neobank Has Raised $13.2M

PYMNTS

million in a Seed funding round for its neo-bank epiFi, led by Sequoia India and Ribbit Capital, TechCrunch reported on Sunday (Jan. Also participating in the funding rounds were David Velez, Kunal Shah and VC fund Hillhouse Capital. Two co-founders of Google Pay in India have raised $13.2

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Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti

FICO

Home Blog FICO Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models. What can financial institutions learn from TikTok?

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Step Aside, Millennials — Why Fintechs Are Targeting Baby Boomers & Retirees

CB Insights

Fintech is often associated with digital tools targeted at tech-savvy millennials. Download the free report to find out how fintech is shaping the future of wealth management and investing. Money management tools are helping people stay independent. Estate planning gets a digital makeover. Source: Capital One.

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Seeking Banking Balance Between Physical And Digital

PYMNTS

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. Results also noted this generation is less likely to open a bank account if physical bank locations are not available in their communities.

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Erica, BoA’s AI Assistant, Hits 7M Users

PYMNTS

“The personalized, proactive and predictive nature of Erica’s guidance is what will continue to make the solution unique and powerful,” said David Tyrie, the head of advanced solutions and digital banking at Bank of America.

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