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Report: How Faster Disbursements Can Woo Millennial Investors

PYMNTS

This has had a ripple effect on the broader investment industry, as banks and other financial firms look to meet customers’ needs while mitigating the pandemic’s effects on their operations. One survey found that 23 percent of Americans have not saved enough for retirement, for example.

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Small Business, Big Banking Not A Winning Combo, Survey Finds

PYMNTS

Separate data from Biz2Credit from its Small Business Lending Index found earlier this year that, for several months in a row, large banks have increased their loan approval rates for small businesses — meanwhile, small banks and alternative lenders’ approval rates dipped. The 2017 report from FIS surveyed nearly 500 SMEs in the U.S.

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Good News from Gen Next

Independent Banker

Out of Mom and Dad’s basement, millennials are primed to become your next best customers. Bauhs is on the tail end of the “millennial” generation, which is commonly defined as those born between 1980 and 2000. This is really the moment for community banks to show that they’re a fit for millennials. By Ed Avis.

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Good News from Gen Next

Independent Banker

Out of Mom and Dad’s basement, millennials are primed to become your next best customers. Bauhs is on the tail end of the “millennial” generation, which is commonly defined as those born between 1980 and 2000. This is really the moment for community banks to show that they’re a fit for millennials. By Ed Avis.

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3 Tips for Targeting Millennial Entrepreneurs

NCR

There’s nothing more suitable for technology disruption than traditional small business banking. And there’s no better way to target Millennial entrepreneurs than with the technology they crave to help them in their business pursuits. Financial institutions are taking notice.

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Three Common Mistakes Banks Make

Celent Banking

Millennials this…”, “Small businesses that…”, Community banks are…”. Two current examples illustrate: The Use of AI in Banking is About to Explode. While referring to a small number of community banks interviewed for the article, it projects those results on the entire community bank population.

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Getting Mobile Ready

Independent Banker

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.

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