Bank Innovation
APRIL 19, 2019
The Detroit, Mich.-based based online-only bank, Ally Financial, had 120,000 new deposit customers in the first quarter on 2019, CEO Jeff Brown said on the bank's 1Q earnings call Thursday, bringing the Ally’s total depositor count to 1.77 million — a 20% YoY increase.
PYMNTS
DECEMBER 7, 2020
What I've heard multiple times is, ‘Why did [the bank] think I was in Detroit? I've never been to Detroit. I think there is a clear desire among the more technically advanced consumers such as millennials and Gen Z to switch to a bank that is utilizing location data to stop fraud and secure their accounts,” Briggs said.
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PYMNTS
DECEMBER 9, 2019
Macy’s is partnering with the female-led millennial venture capital fund SoGal Ventures to launch an in-store initiative focused on women-owned businesses, Macy’s said in a press release on Thursday (Dec. The retailer is opening SoGifted shops in its flagship Manhattan store and six other locations. Lauderdale.
PYMNTS
APRIL 13, 2017
According to the companies, the new GSTV will provide marketers with reach to a mass audience of 75 million unique viewers every month, including one in three adults 18 years and older and nearly 31 million millennials in the United States. billion annual impressions through more than 18,000 locations in all 50 states by year’s end.
American Banker
APRIL 26, 2016
Ally Financial reported strong loan and deposit growth in the first quarter, but a shift in the makeup of its automobile loan portfolio force the Detroit company to nearly double its loan-loss provision from a year earlier.
PYMNTS
MARCH 7, 2019
The operational theory is that millennials, having made peace with the idea they are never buying a home with a yard, are instead turning their apartments into “house jungles,” “urban rain forest” or “jungalows” depending on the phraseology one favors. But what Bloomscape says its secret is — and the thing that has helped it secure $1.7
William Mills
APRIL 20, 2017
An interesting local angle discussed at MBA Tech was the growth of fintech in the city of Detroit and what it means for its citizens and the industry. Much of the conversation focused on the millennial knowledge base and how to leverage it to bring fresh ideas to the industry.
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