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.

Mobile 105

Mobile Community Bank Community Technology 105

Celent Banking

MARCH 16, 2015

As expected, it was a great way to read the temperature of the banking industry. The conference was well attended, with broad representation from all institution sizes and markets. The conference was full of community bankers discussing evolving business models and the pressures its placing on their ability to gather deposits.

Conference 100

Conference Retail Community Community Bank 100

PYMNTS

JUNE 24, 2019

Earlier this month, payment company PayFi and The Clearing House (TCH) partnered to bring real-time payments technologies to the community banks. And past studies have shown that many (85 percent) gig workers say they would do more work if they were compensated faster. “Gig percent CAGR between 2018 and 2025.

Payments 162

Payments System Millennials Community Bank 162

PYMNTS

SEPTEMBER 18, 2018

The traditional banking model may be disrupted, or about to be disrupted, depending on where you look. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. As for lending to businesses, banks have still been a bit hesitant to lend to smaller firms.

Lending 148

Lending Innovation Fintech Cards 148

FICO

FEBRUARY 5, 2021

The recent explosion of new financial product and service providers has started to capture a share of consumers’ attention and wallets, perhaps more so than many banks believe. The report – Americans’ Shadow Financial Lives: The Mobile Apps Banks Don’t Know They Use – found that U.S. The Emergence of Shadow Financial Lives.

Millennials 52

Millennials social media Fintech Examples 52

Jeff For Banks

MAY 31, 2017

I read a recent interview of Members 1st Credit Union CEO Bob Marquette by S&P Global Market Intelligence (link requires subscription). I think banks are closing branches for one reason: to cut costs and prop up their earnings and boost their stock price." The red: millennials. Look at transaction counts.

Branch Strategies 60

Branch Strategies DC Groups Fintech 60

Fintech Labs Insights

DECEMBER 2, 2015

The virtual banking solution provider announced today that it will acquire fellow Finvoate alum Social Money for $10.6 Matt Flake, president and CEO of Q2, said the “strategic” acquisition will help its customers “expand their reach, grow market share, and engage account holders.”

Iowa 12

Iowa Austin Millennials Community Bank 12

Banking 2020

OCTOBER 30, 2015

A new study from Business Insider’s BI Intelligence graphically illustrates the erosion in branch banking services. Focusing specifically on that evolving demographic known as millennials, the survey of 1,500 respondents aged 18-34 reveals that nearly three-quarters visit a branch once a month or less.

Community 40

Community United States Survey Millennials 40

Tech and Finance

JULY 13, 2016

Retail Banking Customer Satisfaction Study from J.D. Power noted that for the first time ever the largest six banks had taken the lead in customer satisfaction, largely through better customer-facing technology. Marous warned that digital natives are no longer defined by demographics but can span a bank’s entire customer base.

Regional 28

Regional Mobile Millennials Study 28

Independent Banker

AUGUST 25, 2016

With the average individual spending 100 minutes on social media each day, it’s entirely possible for community banks to share some of that screen time. If you’re an online bank or are simply looking for younger, more millennial-type customers, Twitter and Instagram are strong platforms to use. With a combined 2.5

social media 70

social media Community Bank Community Video 70

Gonzobanker

DECEMBER 22, 2015

Community bank marketing resources. Two very strong and focused community banks unite to combine big bank reach with community bank style and make the bet that it can scale to $15 billion and beyond. BTW, it’s amazing how much an impending industry funding issue can get us focused again. ‘C’mon

Community Bank 60

Community Bank Apple Community Technology 60