PYMNTS

AUGUST 17, 2017

With more consumers moving to mobile transactions over visits to branches, some banks are considering closing brick-and-mortar locations to reduce operational costs. The price of real estate is prompting even the largest players in the banking world to scale back their branch operations. Staying on Top of Customer Expectations.

Millennials 132

Millennials Digital Banking San Francisco Fintech 132

PYMNTS

NOVEMBER 16, 2017

Membership could be obtained by spending five dollars on a share of capital stock. It operated out of its first volunteer president’s home for its first five years before moving to a rented office in 1913, later relocating to its own building in 1930. From Mill Workers to Millennials. Mary’s Bank,” as it is currently known.

Millennials 101

Millennials US New Hampshire Resources 101

PYMNTS

NOVEMBER 5, 2019

Wainwright noted that the first step in automating its inbound operations involved pricing. 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. She also noted that a core value of the company is sustainability.

Millennials 101

Millennials Retail Exercises Branding 101

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? Customer growth.

Innovation 150

Innovation Metro Apple Marketing 150

PYMNTS

JANUARY 22, 2020

All of that helps prepare the ground for innovation. “In Sure, other DTC operators turn to such tactics as pop-up shops or wholesale relationships with brick-and-mortar operators, but as Dossa explained, his company’s customized products and core value are not well-suited to physical retail. “We P ersonalization and Instagram.

Los Angeles 131

Los Angeles Analytics Retail Survey 131

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.

Fraud 100

Fraud Compliance Capital Leadership 100

Abrigo

MAY 5, 2022

Weekly episodes highlight innovators and industry players driving innovation in the financial services industry. Banking artificial intelligence (AI), the customer experience, enticing millennials, and change management are among subjects tackled in recent episodes. keep me informed. Whitepaper.

Community 195

Community Lending Maine Resources 195

ZootBlog

NOVEMBER 11, 2015

In today’s environment, as banks manage increased regulation and competition from industry outsiders, they must operate in the same fashion. Keeping a bank in top shape means fostering innovation. Alternative lending platforms are providing capital to consumers more efficiently than traditional banks. Alternative Lenders.

Innovation 60

Innovation Fintech social media Knowledge Base 60

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

OCTOBER 21, 2019

21), the latest commerce operator to be on the verge of extinction in this age of digital and mobile. According to CNBC , the retailer is “buckling under the weight of an onerous debt load and struggling to compete with better capitalized competition.” Retail chain Destination Maternity reportedly filed for bankruptcy on Monday (Oct.

Trends 101

Trends Retail social media Online 101

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.

cryptocurrency 148

cryptocurrency North Carolina blockchain ATM 148

PYMNTS

JANUARY 15, 2019

30 kickoff in Atlanta will include access to experts from Visa and entrepreneurs operating both nationally and globally. An inaugural Jan. Notably, at the Atlanta event, participants from Visa, Square and Yelp will participate in the workshops. India and Mexico.

Atlanta 189

Atlanta New York social media Community 189

PYMNTS

AUGUST 1, 2019

In that sense it might be hard to pick them out as innovative as first glance. I really think the genesis of that is coming from millennials. And millennials are a very interesting group to watch. In many locations outside the U.S. Because if the term ‘less is more’ ever really made sense, it is for this generation.

Washington 109

Washington New York Millennials United States 109

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.

Community Bank 157

Community Bank Community Millennials Regulation 157

PYMNTS

JUNE 25, 2019

Look no further than an India-based hotel operation called Oyo for further evidence of that. 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. Winning Formula.

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Online Retail Capital Marketing 100

PYMNTS

NOVEMBER 24, 2020

Fully loaded costs of processing checks could be as much as $10 or more per payment, and printing checks and reconciling payments can be time-consuming, taking attention away from other tasks within a company’s operations. That has spurred suppliers to become more open to accepting cards as a form of payments.

Cards 181

Cards Fraud Payments Millennials 181

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. Everyone is talking about FinTech,” René Lomelî, operations director for 500 Startups , told Mexico IT. Companies are teaming up to bring Internet of Things coverage to the capital city.

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Fintech Capital Millennials Mobile 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. The majority of mortgages underwritten in the U.S.

Millennials 145

Millennials Lending System Data 145

PYMNTS

APRIL 4, 2019

And by all accounts, this digital migration is driven by consumer preference — according to the same study, 91 percent of mobile banking users prefer accessing their app over going to a physical branch, and 68 percent of mobile banking millennials believe their smartphones will eventually replace their physical wallet.

Mobile 169

Mobile Study Security social media 169

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.”.

Trends 131

Trends Maine Technology Capital 131

PYMNTS

NOVEMBER 17, 2017

The community banking model is based on customer relationships and the allocation of capital and extending loans. But the financial world is changing, Moorer told PYMNTS, due to generational shifts and consumers’ needs transitioning from baby boomers to the millennial.

Community Bank 115

Community Bank Community Cards Lending 115

PYMNTS

MARCH 15, 2018

When Toys R Us first announced its bankruptcy a little under six months ago, it was with an almost upbeat tone: The move would allow the firm to refashion both its capital and operating structures and hit a reset on the business. Boomers vs. Millennials vs. Scammers . The Retail Death Spiral . It even managed to garner a $3.1

Payments 108

Payments Millennials US Fraud 108

PYMNTS

APRIL 13, 2019

And then there are the businesses where astrology is not a side offering – it’s the entire core of the operation. Sanctuary Ventures , which describes itself as “the first global media lifestyle brand serving a horoscope/tarot/supernatural-seeking millennial audience,” recently raised $1.5

Millennials 136

Millennials Retail New York City Branding 136

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. Launched in 2014 as the firm’s lending arm, Square Capital has extended over $1 billion in working capital to over 100,000 small merchants.

Apple 110

Apple Capital Cards Payments 110

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. Colombia Blocks Uber From Using Its Ride-Hailing App. Fun, Cool and Otherwise Interesting.

Taxes 101

Taxes Mobile Management blockchain 101

PYMNTS

APRIL 13, 2017

Technology and conventional wisdom can get things horribly wrong at the intersection of tech-driven innovation and commerce. Discussion over the ways to embrace and promote innovation — especially as it pertains to connected devices — spilled over into the investment and artificial intelligence realms as Prof. We could, but why?

US 102

US Innovation Data Security 102

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.

Capital 12

Capital New York Compliance Millennials 12

Independent Banker

NOVEMBER 25, 2015

It’s a worrisome and complicated dynamic that’s putting competitive pressure on community banks, but it’s also creating opportunities through data analytics, partnerships and the ability to innovate to meet evolving customer demands. “We Now it has a small-business financing program, Square Capital.

Community Bank 70

Community Bank Community Analytics Lending 70

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,”. Wholesale license holders will be limited to serving corporate clients only — full license holders will need to have capital reserves S$1.5 Oversea-Chinese Banking Corp.

Digital Banking 130

Digital Banking Groups Regional Mobile 130

PYMNTS

NOVEMBER 21, 2016

Even so, FinTech innovators aren’t ignoring traditional FIs, with many developing solutions just for the banks to help them ease back into the game. “The communities and local economies that they serve rely on this capital to succeed and thrive.” and other markets. .

Lending 100

Lending Meeting National Community 100

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.

Payments 196

Payments Google Apple Innovation 196

CB Insights

FEBRUARY 1, 2019

Consider that: Half of Indonesia’s population is under the age of 30, with the number of millennials (aged 17-35) in Indonesia currently at 79.5M. This analysis focuses on where insurance innovation in the market is happening today and where it is headed next. Meanwhile, Dana reportedly acquired 1M users in 3.5 in 2013 to 15.8%

Policies 61

Policies Lending Operations Examples 61

CB Insights

JULY 11, 2019

Technological innovation across the financial services space is growing. Latest to launch: Dave was founded in October 2016, and its first reported capital raise was a $3M seed round in April 2017, making it one of the youngest companies in this cohort to cross 1M+ customers. As a result, consumer adoption is at an all-time high.

Fintech 64

Fintech cryptocurrency Examples Cards 64

Lex Sokolin

JULY 19, 2019

Facing pricing pressure and headwinds in several of its businesses, Deutsche is responding with a plan to fire 18,000 employees by 2022 and an announced investment of €13 Billion in technology and innovation by 2022. Many people in Fintech derisively refer to big bank incumbent activity around the start-up space as “Innovation Theater”?—?something

Training 40

Training Innovation Technology Software 40

PYMNTS

JANUARY 16, 2020

As the travel industry shifts into higher digital gear, and increasingly responds to the needs and desires of new consumer groups — millennials and Gen Z among them — some players are getting left behind and making their way into the history books. That’s the general case with travel search startup Hipmunk.

Millennials 142

Millennials Meeting Innovation Mobile 142

PYMNTS

NOVEMBER 27, 2019

Additional PYMNTS research found that firms believe implementing automation could significantly improve their operations, particularly their B2B payments. The following Deep Dive outlines automation’s benefits, its potential ROI for implementing organizations and how these solutions can recruit millennial workers. . A notable 80.8

Millennials 161

Millennials Payments Capital Technology 161

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. Read on for what they happen to say about the state of their businesses and the local economies in which they operate. Are SMBs Ready For EMV?

Trends 100

Trends Retail Fraud Mobile 100