Definition Innovation Lending Millennials 
PYMNTS
NOVEMBER 17, 2017
Think of banking and you might think of lending and deposits, where firms make money on the spread between what they pay savers and what they take in from borrowers. But the financial world is changing, Moorer told PYMNTS, due to generational shifts and consumers’ needs transitioning from baby boomers to the millennial.
PYMNTS
DECEMBER 28, 2018
The economy is definitely humming, but most people are still living paycheck to paycheck and facing financial stress.” 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. The Two Faces Of Consumer Credit.
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PYMNTS
NOVEMBER 3, 2016
Will alternative lending platforms eat away at traditional banks’ market share? With financial institutions beginning to collaborate and partner with these alternative players, it seems even less likely that the two sides of the SME lending space will challenge each other. But the latest analysis from J.D. Power’s 2016 U.S.
PYMNTS
APRIL 6, 2016
Steggall, for his part, believes that the evolving level of digital elements and platforms available to financial institutions has “definitely put them in a position where they can be part of the ecosystem and be considered equals.”. The benefit is not just on the consumer end, of course.
Celent Banking
MARCH 16, 2015
P2P lending), and new payment schemes. A regional bank poll of millennials found that not one could name a community institution in their area. These initiatives are definitely innovative, but is conflating the ideas of saving and driving commerce shaping the conversation around a fundamentally misaligned approach?
PYMNTS
OCTOBER 31, 2016
Just a week ago, he said publicly that he’s now “gravely concerned” about banks wanting to limit access to their assets, like customer data, to innovators who, without it, have no way to ignite their own ideas and monetize them. PROTECTING CONSUMERS OR DESTROYING BANK INNOVATION? BANKING’S LATEST THREAT — APIs.
PYMNTS
AUGUST 26, 2016
Other favorites over the last several years have included “too big innovate,” “too big to pivot,” “too big to keep up with the modern world,” and “too big to ever attract Millennials.”. And Zelle wasn’t the week’s only big overture to innovation in financial services. Conventional wisdom shifted to support that song.
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