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Millennials Represent Nearly 3 of 5 New 1Q Account Openings at Ally

Bank Innovation

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.

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Banking Apps Shun Geolocation Data; Why Fraud Risks Could Follow

PYMNTS

Given the importance of banking, the growing prevalence of online banking and the inherent confidentiality of banking-related personal data, he said he sees the failure to use geolocation — a common but high-value fraud deterrent — as inexplicable. What I've heard multiple times is, ‘Why did [the bank] think I was in Detroit?

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Bloomscape And Tapping Into The Hip Houseplant Phenomenon

PYMNTS

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

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How Millennial Drivers Are Changing Automotive Practices

PYMNTS

Will younger consumers ever know the unique joy of learning to drive on a gas-guzzling Detroit beater — one of those big cars that were more like boats than automobiles , and which might have left one stranded on a Friday date night because of an ill-timed radiator leak? Millennials Want To Own. Probably not. The catch is the cost.

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24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

In the wake of the outbreak, everything from doctors appointments to schooling to workouts went online. Education: Technology and online content make the classroom optional. Online courses & content. Retail: Shopping goes even more online as grocery joins the e-commerce revolution. Online grocery. 3D printing.

Industry 101