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Challenger Banks Raise Record Funds To Take On Traditional FIs

PYMNTS

The $2 billion was raised in 55 rounds of funding through July 31, with customers depositing more than $30 million, the FT said, referring to a report released by search firm CB Insights. They’re also coming into wealth for the first time,” she said, regarding millennials. . banking startups hold bank charters, the U.S.

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FinTech Is Flourishing South Of The Border

PYMNTS

Before we jump into the post, here are a few quick facts about Mexico and its tech scene: The country of Mexico has roughly 121 million people and is often referred as the “most populous country in LAT” due to its large population and economy. The capital city is Mexico City, which alone is home to almost 9 million.

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Longevity Lessons From The Oldest US Credit Union

PYMNTS

As credit unions (CUs) face increased competition from traditional banks and new players from the FinTech crowd, many institutions ponder the same question: What can we do to keep our doors open? Membership could be obtained by spending five dollars on a share of capital stock. From Mill Workers to Millennials.

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Challenges for the neo-challengers: Four hurdles to overcome

Accenture

As our research shows, their net promoter score averages 62 compared to just 19 for traditional banks—a differential reflected both by their rapid customer adoption and also their ability to attract venture capital funding. This document makes descriptive reference to trademarks that may be owned by others. Why are they doing so well?

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Debit, ATMs And The New Age Of Bank Branches

PYMNTS

In short, how to tangibly capitalize on the tangible? Bank, said that cash remains the most common method of transactions and “what’s amazing about that is that millennials are the most likely users of cash. That brings up some questions for banks: What are the opportunities for banks with debit, and with branches, and even with ATMs?

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Is AP Style Out of Style?

William Mills

In a world inundated by 140 character attention spans, speed texting acronyms and strong competition for millennial market share, many people challenge the traditional Associated Press (AP) Style that has been the foundation of journalism and corporate communications for the last 50 years. The post Is AP Style Out of Style?

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Seven Big Threats Facing Seven Big Tech And Payments Players This Halloween

PYMNTS

The motivation for that move was to create more of a direct relationship with the sellers in order to provide them with more services, including working capital and lower processing fees – fees, they say, that can be as much as 25 percent lower in some cases. FinTechs … and the Banks They Wanted to Disrupt.

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