Bank Innovation

JUNE 28, 2018

Bento for Business wants to provide its customers with money management tools combined with banking solutions, similar to the personal financial management app for millennials, MoneyLion, according to company CEO Farhan Ahmad. For the task, San Francisco-based Bento raised $9 million in a new round of funding today.

San Francisco 170

San Francisco Millennials Tools Management 170

PYMNTS

APRIL 8, 2019

The latest estimates from the Small Business Administration (SBA) peg the number of new SMBs at 414,000 each year, spurring job creation and economic growth for the country, with millennial entrepreneurs at the helm. Yet, cloud accounting has also emerged as a valuable tool in the ultimate exit of a small business, too.

Strategy 279

Strategy Millennials Data Online 279

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. It has also meant working in anticipation of the changing needs of millennial users. Among the participating FinTechs are Payso, SnapCheck and Token.

Millennials 132

Millennials Digital Banking San Francisco Fintech 132

Gonzobanker

NOVEMBER 16, 2023

Traditional financial institutions that want to compete with fintech disruptors like Chime and X (formerly known as Twitter) need to up their social media game. Capitalize on trends – Social media is filled with trends that can translate to marketing opportunities, whether it be memes, pop culture references or news topics.

social media 97

social media Marketing Millennials Trends 97

PYMNTS

APRIL 18, 2017

From selfie authentication to finance tools that respond to emojis to computer-generated avatars that look and act like real people, new technological tools are giving digital banking a makeover. Banking Gets New Tools, New Players. Text is one way to communicate. About the Tracker.

Report 110

Report Digital Banking Tools Technology 110

CB Insights

MARCH 14, 2018

Millennials stand to inherit approximately $30T from their parents, the baby boomers, in the coming decades, and both upstarts and advisors are vying for a piece of the pie. Using CB Insights’ trends tool, we see that the term impact investing has been on the rise in the media for the past few years. What’s at stake? Wealth Tech.

Millennials 53

Millennials Trends Management Company 53

PYMNTS

FEBRUARY 20, 2019

Go big or go home — that could describe Tencent ’s aggressive investment philosophy, one whose pace will not ease, according to Martin Lau, president of the China-based internet firm that is responsible for WeChat and other digital tools. And both of those big firms have a stake in China International Capital Corp.

Mobile 129

Mobile America Fintech Capital 129

PYMNTS

JANUARY 14, 2017

For all but the most well-capitalized early in life, the ability to borrow funds is critical — at least if one wants to get a college degree, own a car or a buy house. About 60 percent of younger millennials think they can wipe out their debt by age 30. Debt is something of a strange topic for Americans. On The Bright Side.

Millennials 100

Millennials Data Cards Study 100

PYMNTS

DECEMBER 28, 2018

Capital One and Discover have both announced that they will be tightening their underwriting standards in the new year, and Goldman Sachs has gone from plans of expanding its online consumer credit product Marcus to plans of reining it in somewhat next year. Resetting Mortgage Services. They are becoming homebuyers.”

Millennials 145

Millennials Lending System Data 145

CB Insights

DECEMBER 15, 2020

As with numerous other industries, the Covid-19 crisis has propelled digitization in the space — with fintechs and financial services incumbents alike. According to Refinitiv, financial advisors that incorporated digital tools saw a 77% increase in client retention. Consolidation will continue, even between fintech startups.

Management 87

Management Fintech Industry Trends 87

CB Insights

AUGUST 6, 2017

Fintech 250: The Tech Startups Redefining The Financial Services Industry. 145+ Tech Startups Focused On Transforming Capital Markets In One Market Map. Disrupting Banking: The Fintech Startups That Are Unbundling Wells Fargo, Citi and Bank of America. Millennial Personal Finance: 63 Fintech Startups Targeting Millennials.

Industry 78

Industry Marketing Fintech Software 78

CB Insights

DECEMBER 10, 2020

The pandemic has also accelerated recent trends in banking, especially among the millennial demographic, which tends to favor digital banking and online brands over traditional banks. This makes the sector an attractive target for fintech companies. . Where Top US Banks Are Betting On Fintech. First name. Company Name.

America 101

America Lending Cards San Francisco 101

CB Insights

NOVEMBER 5, 2019

There are just two China-based fintech businesses valued at over $100B in the world. The second, conceivably, is Tencent’s fintech business. In May 2019, Barclays released a note estimating the value of Tencent’s fintech business at $123B, or close to a third of the company’s total market cap.

Fintech 51

Fintech social media Analysis Marketing 51

PYMNTS

JANUARY 2, 2017

While Walmart may have four times the revenues of Amazon, the market seems to be betting that it’s the younger, more nimble challenger who’s best prepared to capitalize on the digital waves that are transforming retail and commerce more broadly.”. “ Millennials Are In For Some Hard Times. population.”.

Millennials 119

Millennials Apple Retail Mobile 119

Javelin Strategy & Research

JUNE 3, 2015

Unfortunately, a lot of Fintech players and financial institutions have integrated gamification on a very shallow level (this was the word of the year circa 2011 ). They have delivered on this and two other insights that the rest of the Fintech world would be wise to consider. There is a lot of capital going in to Fintech right now.

Fintech 40

Fintech Comparison Millennials Cards 40

CB Insights

DECEMBER 7, 2017

FINTECH TRENDS Q3 2017 RESEARCH BRIEFING. Fintech deals and funding are on track to reach record highs in 2017. In this analysis, we examine what mortgage tech is, what its impact will be on incumbent players and fintechs, and the key drivers creating a big opportunity in mortgages now. What is mortgage tech?

Millennials 69

Millennials Lending United States Technology 69

Fintech Labs Insights

JULY 14, 2016

Today, Student Loan Genius is inviting employers to do the same thing when it comes to millennial workers and student loan debt. Investors include Gibraltar Ventures, Kapor Capital, Capital Factory, and Village Capital. Hackley: Our CEO is a former financial planner who helped millennials achieve wellness.

Millennials 12

Millennials Tools Austin San Jose 12

Independent Banker

NOVEMBER 25, 2015

A mix of players, FinTech firms pose threats and opportunities. Call them disruptors, upstarts or the voguish FinTech companies. FinTech customers have no idea they are exposing themselves to identity and financial risk. Now it has a small-business financing program, Square Capital. By Kelly Pike. Siphoning customers.

Community Bank 70

Community Bank Community Analytics Lending 70

PYMNTS

MAY 31, 2017

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?

ATM 100

ATM Millennials Cards Management 100

FICO

FEBRUARY 5, 2021

FICO recently worked with Cornerstone Advisors to commission a study on the emergence of “shadow banking" providers – fintech startups, large technology companies, merchants, and others. Venture capital investors are pouring billions of dollars into fintech startups. Over the last 15-20 years, things have changed.

Millennials 52

Millennials social media Fintech Examples 52

PYMNTS

DECEMBER 11, 2017

Steve Troy, CEO of AeroFund Financial, says that’s a trend permeating many components of corporate finance today: Businesses don’t just need better tools – they need, in some cases, an entirely new way to manage finances. Troy noted that this is indicative of the B2B FinTech space coming in to disrupt the status quo.

Payments 108

Payments Cards Tools Capital 108

PYMNTS

SEPTEMBER 23, 2016

This is great news — if one happens to be in charge of digital banking for one of the 20 or so largest banks in the world with massive scale, a huge budget to develop internal technical capacity and the ability to leverage advantageous partnerships with cutting-edge FinTech providers. Consumers want the latest mobile capabilities.

Mobile 100

Mobile Community Bank Tools Community 100

CB Insights

OCTOBER 10, 2018

Both have access to significant financial capital to scale far beyond what’s available to even well-funded startup challengers. This includes the EU’s revised payment services directive (PSD2), the UK’s Open Banking, the Hong Kong Monetary Authority’s virtual bank license, the US OCC’s Fintech Charter, and Brazil’s new banking rules.

Retail 78

Retail Cards Millennials Mobile 78

CB Insights

JUNE 3, 2020

Mirroring other sectors, fintech activity and investment has been muted through the first five months of 2020. At the same time, the story for fintech is more nuanced. In this brief, we look at the short-term and long-term effects of Covid-19 on five parts of the fintech ecosystem: Payments. Wealth & Capital Markets.

Lending 75

Lending Capital Online Marketing 75

Gonzobanker

DECEMBER 20, 2018

We’ve simultaneously disdained and feared the fintechs, artificial intelligence and blockchain consortia. Caywood is a huge name in fintech with Starling being a recent industry darling around innovation. Banks Leveraging Fintechs Award. Capital One quit mortgage late in 2017. for creative customer skewering.

Fintech 102

Fintech Conference Innovation Community 102

Gonzobanker

DECEMBER 20, 2019

There is an understanding that technology and fintech are going to cause radical change, but the how, how big and when are still very unclear. The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. The Tech Award – Goes to Capital One.

Idaho 148

Idaho Conference Data Marketing 148

PYMNTS

MARCH 25, 2016

The FX payments sector may be the hot topic of innovation among FinTech disruptors today, but according to FairFX, corporations are still stuck in the status quo — despite the recent rush of new solutions entering the market. FairFX, which recently raised nearly $7.5

Payments 100

Payments Cards Management Policies 100

CB Insights

OCTOBER 10, 2017

Ninety-two million millennials will soon be in what Goldman Sachs calls their “prime spending years.” A host of startups have emerged to capitalize on this trend. To build a successful personal finance management tool, it’s important to understand the dynamics of user acquisition and growth. In aggregate, they command $1.3

Tools 78

Tools Millennials US Maine 78

Fintech Labs Insights

APRIL 17, 2016

” Advisor Now offers a set of white-labeled tools that help end clients monitor investments, track net worth, edit budgets, and securely communicate with their personal advisor. As a founding partner of the firm, we had a vision to level the playing field in a world dominated by the most capitalized firms on Wall Street.

Tools 12

Tools Management Millennials Chicago 12

CB Insights

AUGUST 16, 2017

Last quarter, the US unicorn “birth rate” ticked up significantly as 9 new VC-backed companies reached $1B+ valuations (compared to only 3 companies in Q1’17), the highest quarterly total since the close of Q3’15, according to our Q2’17 Venture Capital Funding Report with PwC. AvidXchange. Valuation: $1.4B. Valuation: $1.4B.

Meeting 68

Meeting US Capital North Carolina 68

Fintech Labs Insights

SEPTEMBER 22, 2015

Finovate History – Behind One of The Largest FinTech Conferences. The Latest FinTech Innovations For Millennials. By Millennial EH. 5 New Tech Tools To Save Money And Invest Better. New York, nouveau pôle d’attraction pour la fintech (in French). FinTech startups. by Phillip Ryan. Byte Academy.

Millennials 12

Millennials Video New York Innovation 12

Gonzobanker

FEBRUARY 7, 2018

Many banks are at or past the regulatory “suggested” 300% of total capital and can’t pull this revenue lever any more. It is always somewhat awkward to see a sea of mostly middle-aged males (the authors included) pontificating on industry disruption and what resonates with younger Millennial and Gen Z consumers. Commercial Real Estate.

Taxes 75

Taxes Video Analytics Arkansas 75

Fintech Labs Insights

JANUARY 18, 2016

App Annie garnered $63 million for its mobile analytics and development tools. Year-to-date fintech companies have raised $450 million in new equity, 67% more than the $270 million raised in the first half of January 2015. Millennial saving & investing app. Startup capital raising platform. Mambu attracted $8.7

Company 12

Company New York City Fintech San Francisco 12

Jessica Ellerm

MAY 5, 2016

By partnering with local financial institutions, both new and old, and by applying a mixture of funding strategies – including government backed guarantees for small business owners – they are facilitating the flow of capital from finance providers to small business owners. The economy is changing rapidly.

Lending 40

Lending Security Course Millennials 40

CB Insights

AUGUST 14, 2017

While late-stage investing rounds are the typical “tipping point” for entry into the unicorn club, one quarter of newborn unicorns in H1’17 earned their $1B+ valuations with a mid-stage Series C capital raise. Select Round Investors: Breyer Capital, Sutter Hill Ventures, Wildcat Venture Partners. AvidXchange.

US 28

US Capital North Carolina Data 28

PYMNTS

MAY 30, 2016

According to data from the latest Store Front Business Index (SFBI), a collaboration between CAN Capital and PYMNTS.com, these small businesses are growing faster than the U.S. Consumers are moving to the Web to do their shopping, and the tool of choice that they are using is their mobile phone (or tablet). Get all of the details here.

Trends 100

Trends Retail Fraud Mobile 100

FICO

FEBRUARY 12, 2023

That said, customers have increasingly high standards and you only have a short amount of time to impress them (especially Millennials). Credit limit increase optimization (CLI) is a powerful tool to achieve portfolio goals. People want to master their financial lives and they want engaging content that teaches them how.

Digital Banking 52

Digital Banking eBook Analytics Customer Experience 52