PYMNTS

JUNE 21, 2018

The old model of opening a retail store with merchandise as a main focus of the space may not appeal to today’s consumers – millennials in particular. This generation values experiences, not just tangible goods. In terms of customer experiences, Alexander doesn’t think that customers are looking to “traverse huge amounts of space.”

Millennials 109

Millennials Fort Worth Los Angeles San Francisco 109

Accenture

MAY 7, 2019

What they are specifically discussing is the Revolut account and how impressed they are with the overall customer experience and features (I’m paraphrasing a bit). As of December 2018, Revolut had 200,000 Irish customers , an increase of fourfold in just over a year. From an Irish perspective, the challenge is here now.

Customer Experience 178

Customer Experience Online Millennials social media 178

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. Technology can create efficiencies that allow them to reimagine customer interactions moving forward.

Lending 259

Lending Community San Antonio Survey 259

Insights on Business

JUNE 14, 2017

; increasingly sophisticated security threats; and, most recently, shifting customer expectations driven in large part by millennials. Millennials are a fastidious breed. They rapidly leverage technology to compare options such as prices, features, and banking reputation when purchasing products and services.

Marketing 156

Marketing social media Millennials Customer Experience 156

NCR

MARCH 22, 2017

Today, millennials are the largest generation in the United States – and their levels of entrepreneurship are unprecedented. Millennials are starting more businesses than previous generations, and they’re starting them at a younger age than their predecessors.

Millennials 49

Millennials Innovation Digital Banking Security 49

Banking 2020

APRIL 28, 2015

Unlike in the past, when more than two products from one bank made a customer loyal, customer behavior is fleeting and their expectations for digital banking is increasing every day, because technology is giving them numerous choices and control. In this way hard-selling goes away and digital banking enjoys customer empathy.

Customer Experience 40

Customer Experience Digital Banking social media Millennials 40

PYMNTS

JANUARY 22, 2020

For retailers, nothing really ever comes easy — and things aren’t getting any easier, at least when it involves gaining and retaining customers. That’s because the largest combined consumer group today — probably one of the largest combined consumer groups in history — consists of millennials and Generation Z. Trust Issues.

Retail 137

Retail Millennials New York City social media 137

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. Technology can create efficiencies that allow them to reimagine customer interactions moving forward.

Lending 195

Lending Community San Antonio Survey 195

PYMNTS

AUGUST 15, 2017

The growing popularity of mobile order-ahead is hardly news in the restaurant industry, where customers — especially millennials — crave the convenience, speed and personalization of a mobile ordering experience both in quick-service restaurants (QSRs), coffee shops and fast-casual dining environments.

Mobile 193

Mobile Millennials Survey Technology 193

NCR

NOVEMBER 16, 2016

Millennials – the most important generation of the current era as far as most businesses are concerned. The interests, opinions and expectations of millennials have been shaped by some of the most seismic events of recent times, such as the internet boom and the 2008 financial crisis. Mobile is king.

Millennials 40

Millennials United States Mobile Trends 40

PYMNTS

SEPTEMBER 17, 2019

Impending 5G technology holds a great deal of promise for many industries, especially for financial institutions. percent of seniors pay bills via mobile app, while Generation X consumers and bridge millennials are on the opposite side of the spectrum. Much of this desire for control stems from concerns about data security.

Mobile 187

Mobile Millennials Study Digital Banking 187

PYMNTS

MARCH 3, 2020

Mobile and online banking’s prevalence has reduced physical branches’ importance, but these brick-and-mortar establishments are still vital to customers’ financial lives. Even millennials , who heavily lean on remote banking, still visit physical bank locations for more complex functions, such as loan applications.

ATM 151

ATM Fraud Study Regional 151

PYMNTS

JUNE 28, 2017

From their affinity for brunch (and avocados on toast ) to their attachment (uncorded, of course) for subscription services , it’s no secret millennials have some significant spending differences compared with older generations. Focusing on mobile millennials. That can be a tremendous help.

Millennials 108

Millennials Security Mobile social media 108

Abrigo

JUNE 14, 2017

Technology partners offer much more than just software to banks; a fintech partnership provides delivery channels, convenience, corporate governance , advisory services, and industry data. Identify what aspects of your borrower experience has the biggest impact on customers. Are customers requesting new products?

Fintech 171

Fintech Software Lending Millennials 171

PYMNTS

JUNE 27, 2019

Fraudsters are finding new ways to slip past technological defenses, which leaves banks constantly upgrading the tools used to keep them out. For better authentication, financial institutions (FIs) are experimenting with artificial intelligence (AI) and biometrics, attempting to create security measures that don’t frustrate consumers.

Customer Experience 109

Customer Experience Digital Banking Innovation Security 109

PYMNTS

JANUARY 20, 2020

Living up to their names, fast-casual and quick-service restaurants (QSRs) are embracing innovative technologies to help drive sales in the increasingly competitive restaurant industry. More restaurant owners are finding the ingredients to success in consumer-friendly technologies, such as mobile-ordering apps and self-service kiosks.

Mobile 160

Mobile Dallas Millennials Technology 160

PYMNTS

APRIL 30, 2019

The rise of smart vending machines, driven by data and contactless payments, has the power to upend the way we shop, building loyalty and speeding adoption of contactless payments along the way. Elsewhere, he noted, data has shown that kiosks can boost the top lines of businesses forward-thinking enough to deploy them.

Retail 138

Retail Data Operations Payments 138

PYMNTS

NOVEMBER 19, 2019

Another factor in all of this is the rise of FinTechs, often backed by favorable regulatory headwinds designed to promote more innovation in payments, including the sharing of data with legacy FIs. Data Control . You have to find a partner willing to share appropriate data,” Geeslin said.

Cards 140

Cards Apple Data Innovation 140

PYMNTS

NOVEMBER 6, 2017

If millennials are the future of, well, everything in payments, then mobile is the future of everything in payments. But the fact remains that millennials are tethered to their keyboards, of the small-screen size. Yes, that is a rather bold statement. And take it with as many grains of salt – or none – as you wish.

Millennials 105

Millennials Mobile Examples Payments 105

PYMNTS

OCTOBER 15, 2018

Improving customer experiences was not the sole focus of 3DS 2.0’s uses authentication data, artificial intelligence and machine learning to review, approve or flag transactions as suspicious in real time. This requires earlier risk evaluation and a richer collection of data, two elements provided by 3DS 2.0.

Fraud 165

Fraud Security Mobile User Experience 165

Insights on Business

OCTOBER 10, 2017

Modernize transactions – the technology choices banks make today on cloud, via APIs and in application development, will determine their ability to innovate new customer engagement tactics, optimize back-end efficiency, monetize data streams and reinforce their leadership in the banking sector in years to come.

blockchain 87

blockchain Customer Experience Compliance Fraud 87

Abrigo

MAY 5, 2022

Banking Transformed Banking Transformed by the Financial Brand’s Jim Marous has new episodes several times a month and features executives from financial institutions, financial technology firms, authors, consultants, and other experts in the banking industry.

Community 195

Community Lending Maine Resources 195

Jeff For Banks

JULY 5, 2022

Then came this bubble generation they named millennials. Ever call your millennial child only to get a text back asking "what?" There is a fintech firm, SoFi, that was born in 2011, that focuses on millennials financial needs. Because that is what millennials needed at the time. We can ignore millennials no more.'

Millennials 78

Millennials Community Pennsylvania Community Bank 78

Accenture

JUNE 16, 2017

The headline findings from our study suggest that this investment is justified, with fully two-thirds of all UK customers and 74 percent of millennials saying they’d be willing to receive entirely computer-generated advice on relatively simple decisions such as which type of bank account to open (see Figure 1).

Millennials 186

Millennials Maine Study Security 186

PYMNTS

APRIL 2, 2018

Josh Glover, EVP of the Americas at banking technology provider nCino, said that when it comes to corporate banking and lending, the end-user experience is just as much of a focus for traditional banks engaging in digital transformation as it is in the consumer banking market. According to Glover, that means banks in the U.S.

blockchain 171

blockchain Lending User Experience Mobile 171

ZootBlog

OCTOBER 11, 2016

The entire world has gone mobile—from millennials to grandparents. This norm of using mobile devices to do everything from shopping to banking, mean security and a great user experience need to go hand-in-hand. Everyone is going mobile and data changes frequently.

User Experience 60

User Experience Mobile Data Las Vegas 60

PYMNTS

FEBRUARY 28, 2020

However, new technology is able to track the true number of miles driven by a car, and can even track how a driver handles a car. With that new business model and technology, Metromile launched in 2016 and is currently available in eight states, which include California, New York, Washington, Pennsylvania and Arizona.

Metro 217

Metro Arizona Pennsylvania Policies 217

PYMNTS

SEPTEMBER 6, 2016

That’s the backdrop for the nearly hour-long conversation that Karen Webster had about the role of payments security in digital business transformation with CA Technologies Director of Payments Security James Jenkins. Of course, it’s not just the FinTech industry and tech-savvy millennials who are fueling digital change.

Security 100

Security CA Payments Big Data 100

William Mills

APRIL 21, 2016

The Mortgage Bankers Association’s National Technology in Mortgage Banking Conference and Expo was held April 3 rd through 6 th in sunny Los Angeles, California. Discussions were driven by themes that are currently transforming the mortgage industry, one being the idea of customer experience.

Conference 40

Conference Los Angeles Customer Experience Millennials 40

Accenture

JUNE 16, 2017

The headline findings from our study suggest that this investment is justified, with fully two-thirds of all UK customers and 74 percent of millennials saying they’d be willing to receive entirely computer-generated advice on relatively simple decisions such as which type of bank account to open (see Figure 1).

Millennials 150

Millennials Maine Study Security 150

PYMNTS

JULY 18, 2019

Depending on where you look, the chasm yawns wide when it comes to innovating with new technologies or features. As millennials rise through the ranks and within the ranks, we see the rise of what he termed “digital natives.”. The challenge with that approach lies with technology. An Analogy. and beyond. The Courage Factor.

Innovation 155

Innovation Study Technology Millennials 155

PYMNTS

MARCH 12, 2019

The concepts vary, but the goal remains to “create a dignified experience” for the customer — and to be a neighborhood department store of old, yet updated for modern shoppers. The Underlying Technology. That demographic data has already turned up some surprises. Physical retail can be quite an alienating experience.

New York 144

New York Retail Branding Online 144

PYMNTS

JUNE 28, 2016

The rest is usually talked up in terms of tech upgrades — better backend systems and software, more efficient distribution networks, increased automation, better data gathering and interpretation. The short version takeaway of the ocean of advances can be summed up in five words: Building a better customer experience.

Millennials 113

Millennials Groups Study Mobile 113

PYMNTS

DECEMBER 28, 2018

Looking at the results of the CUs recently commissioned Eye on Payments study, consumers expect more heading into 2019, and meeting those expectations will be about more than advanced technology alone. Today, in a post-data-breach world, that approach isn’t very useful. Making Security Stronger And More Subtle.

Fraud 131

Fraud Mobile Security Cards 131

PYMNTS

AUGUST 17, 2017

With each passing decade, the buying patterns of teens undoubtedly and unequivocally see a shift alongside the advances in technology. The study’s data showed that 70 percent of consumers are OK with AI assisting them with everyday tasks, but there is an expectation that retailers maintain an upfront interaction.

Retail 127

Retail social media Online Mobile 127

PYMNTS

MAY 24, 2019

Companies are using artificial intelligence (AI), application platform interfaces (APIs) and other technologies to create new channels for service and customer communication to appeal to a wide range of users. According to the Payments and The Platform Economy Playbook , the U.S. clothing rental market is projected to reach $4.4

Online 130

Online Millennials Payments Customer Experience 130

PYMNTS

SEPTEMBER 30, 2019

The latest Payments and the Platform Economy study examines how marketplaces are responding to the counterfeit threat as well as how they are continuing to innovate the customer experience. Millennials and Gen Z are driving the growth of the secondhand market and eCommerce, generally. Online Resale.

Online 101

Online Fraud Branding social media 101