Capital One Joins Effort to Educate Seniors About Online Banking
Bank Innovation
AUGUST 5, 2016
Banks only care about millennials, right? Not really, though marketing about digital efforts may make it appear that way.
Capital Innovation Marketing Millennials 
In Banking Innovation, Eyeing The Needs Of The ‘Digital Native’
PYMNTS
JULY 18, 2019
Depending on where you look, the chasm yawns wide when it comes to innovating with new technologies or features. In a PYMNTS interview with Karen Webster, Joe DeRosa, EVP of Global Sales at i2c , discussed the findings of the July 2019 Innovation Readiness Playbook , subtitled “Leveling the Playing Field for Different-Sized FIs.”
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TGI Fridays, Fast Casual Food To Cater To Millennial Expectations
PYMNTS
MARCH 16, 2016
Whole Foods and other retailers capitalizing on the at-home health food craze were able to get out in front of millennial eating trends — or, at least, start riding at the crest of the wave. In the morning, TGI Fridays hopes young millennials will come in to work at reservable tables. ” Hang out they’ll have to.
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Investors Say FinTech Valuations Are High, But Not Overheated
PYMNTS
OCTOBER 22, 2020
The panel included: Doug Bergeron , managing partner at Hudson Executive Capital ; Ian Drysdale , executive in residence at Great Hill Partners ; Amit Jhawar , venture partner at Accel and Rick Roberts , analyst and portfolio manager at Vulcan Capital. The panelists agreed that there is no lack of liquidity in the market.
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Digital Payments, Online Ordering And Memberships Top This Week’s News
PYMNTS
NOVEMBER 6, 2020
Membership has its privileges ” was the nine-year marketing campaign rolled out by American Express in 1987 to convince consumers that it was worth paying a yearly fee for one of its charge card offerings. Millennials Drive More to Faster Payments . Weak iPhone Sales Cost Apple Nearly Half a Trillion Dollars in Market Cap .
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Target Pilots Buy Now Pay Later With Sezzle
PYMNTS
SEPTEMBER 27, 2020
Sezzle says it plans to issue an update to the market when the pilot concludes, though when that will happen is still unknown, the release says. Meanwhile, millennials and Gen-Z spent 44 percent and 72 percent more on orders if BNPL was available as an option, the Tracker says.
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The Great Online Innovation Pile On Of 2017
PYMNTS
AUGUST 14, 2017
Take a look at this chart, which lays out grocery chain market share. Walmart has the largest market share at 14.2 In 2015, the tech media was gaga over Snap and its ability to corral the so-called most valuable eyeballs in media: the millennial. This one is particularly amusing. percent, the next biggest player is Kroger at 7.2
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A Decade On, Lending Transformed By Crisis And Innovation
PYMNTS
SEPTEMBER 18, 2018
And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Necessity is the mother of invention. Behind the Numbers .
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The New Kitchen Merges With The Old
PYMNTS
MARCH 6, 2019
By today’s standards, it looks anything like an innovative brand. But then, looks can be deceiving — 100 years ago, Corning Glass Works had just introduced a massive innovation into the lives of home cooks everywhere. Yes, Instant Pot-side chats are the fireside chats of the millennial generation.
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How Digital Platforms Tackle Luxury Travel Reservations, Payments
PYMNTS
SEPTEMBER 30, 2019
But many luxury trips can run aground without effective and innovative payment solutions to help travelers meet and manage associated costs. The luxury travel market is booming: The PYMNTS Luxury Travel Study found that luxury travelers from the United States spent $1.1 trillion market.
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Best New Financial Apps 2016, The List
Bank Innovation
MAY 1, 2016
Robinhood: On Target Launched in December 2014, Robinhood is a zero-fee stock trading app that quickly gained popularity among financially ambitious millennials. Robinhood was paid the enormous compliment of having “cracked the millennial code” by none other than Jay Sidhu, CEO of Customers Bank and founder of BankMobile.
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Zero Launches Debit-Like Credit Card, Raises $20M
PYMNTS
MAY 23, 2019
Zero, a company that aims to modernize credit cards for the millennial generation, has raised $20 million in a Series A funding round, according to a report. The company plans to market its card to credit-wary millennials who want to avoid getting into a deep debt cycle, but who also want the incentives of owning a credit card.
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Open Banking: Why trust matters
Accenture
NOVEMBER 28, 2017
Customers will, for example, be able to share access to their financial data with non-bank third parties, which could provide customers with new, innovative services using their customer data. In the Nordics, we see quite a mixed degree of preparedness between various banks to enter the new market.
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Challenges for the neo-challengers: Four hurdles to overcome
Accenture
SEPTEMBER 22, 2019
An obvious reason is the inroads they’re making into the market, both domestically and globally: recent Accenture research finds that digital-only banks operating in the UK could amass a total of 35 million customers globally within the next 12 months, up from 13 million today. Why the intense interest in the neo-challengers? Profitability.
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10 Top Banking Podcasts You Should be Listening to
Abrigo
MAY 5, 2022
or largely focused on the domestic banking market. If you have an interesting podcast to share, please send it to marketing@abrigo.com. Weekly episodes highlight innovators and industry players driving innovation in the financial services industry. Check them all out in our Knowledge Center. keep me informed.
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Longevity Lessons From The Oldest US Credit Union
PYMNTS
NOVEMBER 16, 2017
Membership could be obtained by spending five dollars on a share of capital stock. Mary’s chief operating officer, Ken Senus, about how the credit union has evolved since it was founded and why, perhaps counterintuitively, its age is an appealing factor for millennial members. From Mill Workers to Millennials.
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China’s SMB Push Continues Amid Alibaba’s Taobao Festival
PYMNTS
SEPTEMBER 17, 2018
13 through 16, is further evidence of the eCommerce giant’s “new retail” strategies, where offline and online conduits converge, as noted by sites such as marketing-interactive.com. Data from CBN also found that millennials launched as many as 700,000 shops on the Taobao platform last year. The September event, which spanned Sept.
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Wu-Tang Financial Is Here — Finally
PYMNTS
OCTOBER 14, 2017
We have come to spread the goods news of the latest financial services innovation. The CREAM in Cream Capital stands for Crypto. To be more precise, Ghostface Killah is a part of Cream Capital, a firm that claims him as one of its co-founders. He is very focused on what the youth and millennials are interested in.
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Socure Closes On $13 Million Round Of Funding
PYMNTS
DECEMBER 14, 2016
13) it closed a $13 million round of funding led by Flint Capital, with participation from ff Venture Capital, Santander InnoVentures and Two Sigma Ventures, as well as other investors. In a press release, Socure said it will use the capital to scale operations, accommodating the 300 percent growth it has seen in 2016.
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Does Destination Maternity Chain Bankruptcy Signal Larger Trends?
PYMNTS
OCTOBER 21, 2019
According to CNBC , the retailer is “buckling under the weight of an onerous debt load and struggling to compete with better capitalized competition.” The move comes amid growth in the larger maternity market, however, with sales of that apparel expected to reach $7.7 The company owns 458 stores in the U.S., Larger Trends.
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‘reCommerce’ Marketplaces Eye Sustainability, Partnerships
PYMNTS
NOVEMBER 5, 2019
While the company made much progress on pricing automation , Wainwright noted that it also exercises human oversight to ensure that it capitalizes on market opportunities. Wainwright said the company’s value proposition represents “strongly with the millennial and Gen Z consumers” who are powering the growth of luxury sales globally.
Millennials 101
101 Hotels, And India’s Middle Class, Show Path For Online Travel
PYMNTS
JUNE 25, 2019
billion worth of capital coming from the likes of SoftBank, Sequoia Capital, Lightspeed Venture Partners and Airbnb Inc. The rise of Oyo comes amid other innovations and disruptions in the world of online travel. Not only that, but eCommerce innovators are taking new approaches to hotel reservations. Winning Formula.
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100 AltFin’s Bumpy Ride Into An Uncertain 2019
PYMNTS
DECEMBER 28, 2018
There were plenty of tailwinds that pushed the segment forward: A strong economy, healthy consumer interest in credit and advances in credit scoring technology were all instrumental in pushing more consumers into the market, particularly in the first half of the year. Resetting Mortgage Services. They are becoming homebuyers.”
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For Visa, She’s Next Is What’s Next
PYMNTS
JANUARY 15, 2019
In addition, the firm said that it is launching the second phase of its advertising campaign known as “Money is Changing,” and where the campaign will train a spotlight on millennial women, with focus on steps they have taken to tackle and overcome money-related challenges. For example, Simon said, the Jan. India and Mexico.
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SugarMoo And Delivering Dessert On Demand In Dubai
PYMNTS
MARCH 11, 2019
Realizing the market has not yet come up with a good method to fix the problem, they decide to build their own solution and solve the problem for everyone. But bigger than the cupcake-replacement innovation, perhaps, was the realization five years ago that the dessert on demand market in Dubai was basically non-existent — but not unwanted.
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148 ICBA: Building Bridges For The Next Generation Of Community Banks
PYMNTS
JUNE 7, 2018
“I heard someone say recently that ‘today will be the slowest day of the rest of your life,’ and that is very much how I think about the pace of change and the evolution of technology — it is only going to keep getting faster, and community banks have a huge opportunity to innovate and fill a unique niche,” she said. A personal experience.
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Can Refined Food Waste Give A Boost To Sustainable Commerce?
PYMNTS
JANUARY 8, 2020
Sustainable commerce is having a moment — well, two or three of them given how millennials and even younger consumers champion the trend — and that applies to food waste and commerce involving meat and plants. The next step is gaining more capital as the technology proves itself. “We The biggest bottlenecks now are with capital.”.
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FinTech Is Flourishing South Of The Border
PYMNTS
SEPTEMBER 16, 2016
The capital city is Mexico City, which alone is home to almost 9 million. The nation’s capital is also one of the world’s largest cities. The global accelerator has more than 40 Mexican startups in its portfolio, and Lomelî believes the capital will soon see its own tech explosion. A Fresh Start For Mexico City.
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Coachella’s Contextual Commerce: The Good, The Bad And The Flower Crown Ugly
PYMNTS
APRIL 19, 2016
” Retailers have come to recognize the incredible marketing opportunity presented by the multi-weekend music festival in Southern California. Todd Smith, president and CMO at Sonic, told MarketWatch that this campaign comes from the company’s long experience with the millennial demographic.
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The open banking opportunity
Accenture
OCTOBER 3, 2017
The drive towards open banking gives them a direct line into a potentially lucrative market. And, crucially, it’s a market where they’re well placed to deliver the flexible, personalized experiences consumers demand. But much of it originated from the group of voracious digital competitors circling banks’ traditional territory.
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Squaring The Circle That Is Square
PYMNTS
APRIL 17, 2017
In the case of Square — the payments innovator that launched hundreds of mPOS imitators — the small problem was $2,000 worth of handblown glass that artisan Jim McKelvey couldn’t close the deal and sell. Square has come a long way from being an mPOS solution for cash-based glass blowers and farmers market purveyors.
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Rewards app Ibotta closes Series D round, in talks with ‘large banks’
Bank Innovation
AUGUST 6, 2019
The funding will allow the Denver-based company to fine-tune its features, including Pay with Ibotta, a recently-launched QR-code based ‘pay with rewards’ capability; advance its marketing strategy; and grow its […].
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170 What’s Your Commerce Horoscope?
PYMNTS
APRIL 13, 2019
There are many mechanisms in the market designed to help match consumers to offerings that are suited to them. Sanctuary Ventures , which describes itself as “the first global media lifestyle brand serving a horoscope/tarot/supernatural-seeking millennial audience,” recently raised $1.5 But are they really the right products?
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136 From Investing To Budgeting, How Millennials Are Disrupting Personal Finance
CB Insights
SEPTEMBER 10, 2019
While the media often portrays millennials as preoccupied with the rising prices of festival tickets and avocado toast, their real financial concerns are a bit more practical. But millennials face significant headwinds in making those financial dreams a reality. get the REPORT on next generation investors. From big banks to big tech.
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The Race For Singapore’s Digital Banking Licenses
PYMNTS
JANUARY 3, 2020
We welcome firms with innovative value propositions to apply for the digital bank licenses, even if they have not yet established a track record in banking,”. As part of that rethinking, but with an eye toward not overly fragmenting Singapore’s small domestic retail banking market — the issuance of digital banking licenses will start small.
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Investments Freeze-Up And Tiger Moms Take The Stage
PYMNTS
APRIL 6, 2016
And, as Gen X and (more recently) millennials are proving, the world is full of parents who are willing to do some serious spending, especially to keep their offspring entertained and educated. Tapping into some of that parent spend has been a mission for various new Web and mobile startups hitting the market in the last few years.
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100 Innovation in the Asset Management industry
Tefkin
JUNE 3, 2014
On the “Beta” end of the scale, ETFs are steadily becoming one of the most successful innovation in recent decades. By automatically tracking indexes, they offer investors the possibility to obtain market performance at a lower cost than a typical managed funds. Scrutiny on Performance. These folks have been scarred.”.
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Why Banks Should Still Fear AltFin Competition
PYMNTS
NOVEMBER 3, 2016
Will alternative lending platforms eat away at traditional banks’ market share? Small Business Banking Satisfaction Study found that, as small businesses in the nation continue to grow, they’re more likely to seek out working capital financing. Power’s 2016 U.S. Second, J.D. But the threat of bank switching remains.
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100 Sales Were Up, Foot Traffic Was Too — But Lowe’s Disappointed Investors
PYMNTS
FEBRUARY 28, 2018
housing market and the increasing transition of the millennial generation into home ownership mode. The chain announced it will be pouring more capital back into its workforce via bonuses and an improved benefits package following U.S. tax reform. Lowe’s also expects to open 10 new stores over the course of the year.
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100 Sprint And T-Mobile Merger, Spend Management And State Tax Top This Week’s News
PYMNTS
DECEMBER 27, 2019
Among the common themes to emerge: Change will come to the point of sale (POS), moved by the continued pivot to contactless ways to pay — and the demographic change that will bring the mighty millennial more buying power. The country’s Superintendency of Industry and Commerce (SIC) reportedly said Uber went against market rules.
Taxes 101
101 Will Snapchat Get Snapped Up Or Snap Back?
PYMNTS
OCTOBER 11, 2018
The app that got famous for its disappearing messages is looking like it will either need to raise a some capital by sometime in 2019 or run the risk of going broke, according to a note by MoffettNathanson. million non-voting shares through purchases in the open market.
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Challenging The Corporate Payments Status Quo With Prepaid
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. Prepaid cards are beginning to make their way into the small business market,” SYNERGISTICS COO Genie M.
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100 Socure Raises $13 Million In New Capital
Fintech Labs Insights
DECEMBER 15, 2016
In a round led by Flint Capital, digital identity verification technology specialist Socure has raised $13 million in funding. Featuring participation from ff Venture Capital, Santander InnoVentures, and Two Sigma Ventures, this week’s investment takes Socure’s total financing to more than $17 million.
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12 Seven Big Threats Facing Seven Big Tech And Payments Players This Halloween
PYMNTS
OCTOBER 29, 2018
The day after Halloween marks the 60-day sprint to the end of the year – a year in which the pace of innovation has accelerated materially. The shifts associated with that innovation are beginning to take root, and those impacts are beginning to be felt. In fact, according to our recent study, they come in dead last.
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