PYMNTS

DECEMBER 19, 2019

Bangalore-based FinTech ZestMoney has raised $15 million in a Series B funding round led by Goldman Sachs and existing investors Naspers, Quona Capital, and Omidyar Network, TechCrunch reported on Thursday (Dec. Japan’s Credit Saison, affiliated with Mizuho Financial Group, has extended $100 million in digital lending. “We

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Fintech Millennials Online Lending 130

The Financial Brand

SEPTEMBER 14, 2020

It's both a payment and lending challenge — banks must match fintechs' point of sale 'buy now, pay later' service or they'll lose share. The post Gen Z, Millennials and COVID Fueling Rise in Hybrid Credit Card Alternatives appeared first on The Financial Brand.

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PYMNTS

APRIL 16, 2019

Mastercard has moved into point-of-sale financing with the acquisition of Vyze, a FinTech firm the payment card network calls an “an end-to-end platform that facilitates financing options for merchants’ customers at checkout.”. As well, Bankrate has estimated that roughly 33 percent of millennials have cards.

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PYMNTS

DECEMBER 11, 2020

Capital One Halts BNPL Transactions On Its Credit Cards. Capital One Financial Corp is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “ risky ,” for both consumers and banks. Synctera Brings 'FinTech As A Service' To Community Banks.

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Trends Fraud Millennials Community Bank 175

Payments Source

JULY 12, 2019

The fintech rush into point of sale financing is partly a play on younger consumers’ migration away from traditional credit cards. This, in turn, has prompted a counter play from Citizens Bank.

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CB Insights

AUGUST 2, 2018

One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. get the 86-page fintech report.

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Cards Fintech UX Strategy 71

TheGuardian

SEPTEMBER 18, 2021

Fintech firms are jostling to offer millennials interest-free payment plans as they shop online. Even those trying to buy it outright using a debit or credit card see reminders of “more ways to pay” flash up. Once a niche form of credit, buy now, pay later (BNPL) deals have exploded during the pandemic.

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FICO

AUGUST 19, 2022

Tackling the Fintech Threat: A Guide for Banks and Credit Unions. What financial institutions need to compete with fintech threat disrupters. As FinTech funding rises to new record levels – $131.5 According to a 2022 report by Cornerstone Advisors , the percentage of Gen Z, Millennial, and Gen X consumers in the U.S.

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Fintech Millennials Lending Tools 52

PYMNTS

JULY 23, 2019

Nationwide is gearing up for the introduction of its business accounts, while Mastercard is planning to roll out debit cards to customers early next year, the companies announced in a joint press release. . The fund is designed to boost competition in business lending. . that caters to millennials, has raised £50M ($62.4

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Millennials Innovation Fintech Lending 144

PYMNTS

JANUARY 25, 2021

Shoppers in the United States have long turned to credit cards to let them get the products now while delaying payments until they have a chance to save up. Consumers who do not qualify for credit cards or become reluctant to use those tools may see BNPL plans as a convenient alternative method for deferring payments.

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Payments Tools Retail Cards 185

PYMNTS

MARCH 24, 2020

The payment platform currently handles a few different kinds of bank cards. Those include SPDB’s and Guangfa Bank’s credit cards in addition to Minsheng Bank’s, SPDB’s and Guangfa Bank’s savings cards. The Mi Credit app is a marketplace for personalized lending, which provides credit of $70 to $1,400 to users.

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Mobile Payments United States Cards 108

PYMNTS

SEPTEMBER 15, 2019

The company is currently in talks with FinTechs about a joint application for one of the licenses, said President Ang Tang Chor, adding that Hong Leong would like to attract more millennials and newly established firms to its customer base. “We The FinTechs have one advantage: they lend against data,” Ang said.

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social media Fintech Millennials Lending 116

PYMNTS

DECEMBER 28, 2018

These secretly vulnerable consumers, Webster noted, often use debt to make ends meet, either on credit cards or through alternative vehicles like online lenders. The rising rates have not only made debt more expensive, but they have been a weight on loan growth across both bank and FinTech lending platforms in the back half of the year.

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PYMNTS

OCTOBER 8, 2019

The Millennial Challenge. Among the greatest opportunities for CUs lie some significant challenges, too — namely, tapping into and serving the financial needs of millennials. Traditionally, he said, CUs have been well known when it comes to auto lending, and they have been making inroads into mortgage lending.

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United States Millennials Course Lending 102

PYMNTS

AUGUST 4, 2017

The report included several recommendations for banks, FinTechs and other financial services players — guidelines to establish an industry-driven framework for governing the system and encourage further research and investment in emerging financial technologies. Millennials Moving Into And Up In The Business World.

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Community Bank Community Innovation Millennials 116

PYMNTS

MAY 23, 2017

Mortgage borrowers are also a very different group than they were nine years ago at the outset of the financial crisis — in part because of tougher lending standards mandated by federal regulators. And the shift in mortgage lending mirrors a shift in the lending picture in general when it comes to who holds the majority of U.S.

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Millennials Lending New York Trends 108

Payments Source

AUGUST 29, 2019

She started TomoCredit to help the many young folks who struggle to qualify for a credit card. Kristy Kim was an immigrant success story with a degree from Berkeley and a lucrative job — except her lack of credit history precluded her from getting a car loan.

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Millennials Cards Report Lending 81

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. However, both brands have expanded to additional products, such as Venmo’s credit card and Cash App’s stock investing offering. . SMB lending .

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PYMNTS

DECEMBER 27, 2019

Strong balance sheets in key areas like credit card debt ($64.4 With the possible exception of FinTechs that stand to gain from customer defections and perhaps some legacy banking competitors, no one is rooting against the CUs. A Small Change It’s Not. billion), car loans ($382.9 Even so, they have decisions to make – and quickly, too.

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Digital Banking Millennials Banking Trends Mobile 130

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. Illustration by Getty images / Chris Ede. By Kelly Pike. Siphoning customers.

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Community Bank Community Analytics Lending 70

Gonzobanker

OCTOBER 5, 2022

Roughly a third of respondents said that mobile banking features like account alerts, fraudulent transaction disputes, card spending limits, chatbots, and digital account statements would make them “extremely likely” to switch banks. This article originally appeared in Shevlin’s Fintech Snark Tank on Forbes and is reprinted with permission.

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Survey Mobile ATM Cards 78

Gonzobanker

OCTOBER 5, 2022

Roughly a third of respondents said that mobile banking features like account alerts, fraudulent transaction disputes, card spending limits, chatbots, and digital account statements would make them “extremely likely” to switch banks. This article originally appeared in Shevlin’s Fintech Snark Tank on Forbes and is reprinted with permission.

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Survey Mobile ATM Cards 78

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.

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San Francisco Millennials Tools Management 170

PYMNTS

FEBRUARY 20, 2019

While they were once seen as novelties, challenger banking institutions are further encroaching into traditional banks’ territory, adding new responsibilities and products to their portfolios, such as lending. Digital-only bank Tandem announced that it now has more than 500,000 users since it launched last year. In the U.S.

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Digital Banking Millennials America Lending 155

PYMNTS

MAY 31, 2017

Debit cards, default cards, banks both bricks-and-mortar and digital. 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. Debit card usage is habit-driven, he said, and habit has grown roots over the last several years.

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ATM Millennials Cards Management 100

Let's Talk Payments

APRIL 7, 2016

A recent report says that more than 60% of millennials do not own a credit card. In the past few years, the model of instant credit has been picking up.

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Millennials Lending Innovation Cards 40

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.

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Fintech social media Analysis Marketing 51

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. Download the free report to find out how fintech is shaping the future of wealth management and investing. get the REPORT on next generation investors.

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Millennials Mobile Lending Cards 77

CB Insights

OCTOBER 10, 2018

We define startups disrupting banking broadly to include mobile-first fintech companies that primarily focus on leveraging technology and software to digitize and streamline retail and business credit, checking, and savings accounts. Revolut has been aggressively iterating on its products and blurring fintech business lines.

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Retail Cards Millennials Mobile 78

PYMNTS

DECEMBER 19, 2016

While they enjoy many FinTech innovations, most millennials don’t have a snowball’s chance of earning more than their parents — ever. It’s one thing for the millennial offspring of the billionaire hedge-fund scions to fall short of making a billion because they only manage to pull down $760 million a year. It’s a fact.

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Millennials Fintech Cards Groups 100

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. Banking & Lending.

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PYMNTS

AUGUST 21, 2018

Adding to the fun — consumers born in the 1980s to 1990s (aka millennials) that are widely counted as the future of economy — carry the highest debt load of any generation according to the Federal Reserve Bank of St. Sixty-six percent have credit cards. Nearly 7 percent say they like and use credit cards regularly.

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Fintech Labs Insights

JUNE 23, 2016

Coinbase announces support for PayPal and credit cards. Forbes column on “millennial money mistakes” features Kapitall. Fintech profile interviews Cloud Lending CEO Snehal Fulzele. Around the web. TSYS and Equinox team up to launch semi-integrated EMV payment solution for Value-Added Resellers.

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Millennials Regional Lending Software 15

William Mills

MAY 11, 2016

Under the scenario the consumer can transfer much-needed cash as well get cash (that was earned, not paid yet) so no payday or online lending debt is added. 01:15 pm 10 Reasons Why Fintech Startups Fail. Download our latest white paper that discusses what it really takes to develop a successful Fintech startup. Man, that’s true.

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Video Lending social media Analytics 40

William Mills

MAY 11, 2016

Credit cards offer rewards but over 60% of payments are made on debit cards. Presenting a programmable cloud – a fintech platform. ^KT. This is a leading bank in Russia, with a track record of fintech innovation. Chip card reader for when customers are shopping online to improve security. JC Ramey (VP, Bus.

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Video Mobile social media Analytics 40

Fintech Labs Insights

MARCH 22, 2016

million for its P2P lending platform for small businesses. Here are the fintech deals by size from 12 March to 18 March 2016: Future Finance. Alt-lender focused on lending against existing automobile titles. P2P real estate lending marketplace. Peer-to-peer lending marketplace. SmartAsset raised $3.8 Connecture.

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Company New York City Fintech Colorado 12

Fintech Labs Insights

JANUARY 18, 2016

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. Online consumer lending. Tags: Consumer, credit, lending, loans, underwriting. RealtyMogul took in another $18.4 Mambu attracted $8.7

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Company New York City Fintech San Francisco 12