Community Bank Digital Banking Management Millennials 
PYMNTS
AUGUST 21, 2020
The trend toward digitization in consumers’ lives isn’t new, but COVID-19 has accelerated it dramatically over the past several months. Deposits had already been trending away from community banks and credit unions anyway, but COVID-19 has accelerated that shift. FinTech players are also grabbing deposits. Square announced $1.3
PYMNTS
MARCH 9, 2020
Nearly every single consumer uses an institution that provides all of those services as their primary bank. Ninety-two percent of consumers count their primary bank as either a national bank, regional/community bank or credit union. of consumers report that their primary bank is a digital-only bank (4.2
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Abrigo
MAY 11, 2020
While the pandemic, as well as the rapid response, were not scenarios many were prepared for, it has provided a glimpse into what we can expect from our banking relationships moving forward. COVID-19: A springboard to digital banking. Manage PPP loans through forgiveness. learn more. No more “banker’s hours”. Learn More.
Independent Banker
OCTOBER 29, 2014
But how far are they willing to go to do their banking on small mobile devices? A consensus says that the future banking customer relationships—particularly for millennial consumers—will orbit to one degree or another around mobile technology. s entry into the payments business with Apple Pay. Ed Bachelder, payments consultant.
Gonzobanker
APRIL 3, 2019
It’s not a “Millennial thing.” Here are six ways financial institutions can prepare to better connect with customers who are nearly all digital-first now. According to Cornerstone Advisors research , digital account opening is the leading technology being replaced right now.
PYMNTS
SEPTEMBER 23, 2016
Nine years after the introduction of the iPhone to the market — and the subsequent great mobile leap forward — the verdict is pretty much in on mobile banking applications: Consumers like it, verging on loving it, and are eager for more of it. The first is the obvious issue: They lack the massive scale and deep IT pockets of the large banks.
Independent Banker
AUGUST 9, 2016
Banking customers are no different. Statistics are especially compelling for those trying to attract and maintain the millennial segment. But offering a rewards program alone will not make a bank unique or successful. Consumers Say More Rewards Is Their Top Demand from Banks. 2 – Chaudhuri, S. 2014, August 8).
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