CB Insights

JULY 25, 2019

Fintech is often associated with digital tools targeted at tech-savvy millennials. But there is a growing market of fintech companies serving the unique financial needs of Baby Boomers and older retirees — and for good reason. Baby Boomers (those born between 1946 and 1964) represent a massive market opportunity.

Millennials 73

Millennials Fintech Tools Fraud 73

PYMNTS

OCTOBER 22, 2020

The panelists agreed that there is no lack of liquidity in the market. Bergeron noted that such investments and markets are “hot until they’re not” and there could be an exogenous event that shocks public and private markets and reset valuations. And though valuations may be stretched, fundamentals are indeed sound.

Fintech 169

Fintech Capital Innovation Data 169

PYMNTS

DECEMBER 3, 2019

Also, Visa is working with four global finance firms to help FinTechs issue plastic as well as digital payments. And London’s digital unicorn Monzo has appointed TS Anil to head up U.S. New Visa Alliances Help FinTechs Launch Payments Solutions. UK Digital Bank Monzo Taps Visa Exec As US CEO. operations.

Fintech 132

Fintech Colorado Payments Operations 132

PYMNTS

OCTOBER 7, 2019

Miami-based NYMBUS announced the licensing of NCR’s D3 Digital Banking platform (D3) to give financial institutions the opportunity to quickly offer customers new brands, the FinTech announced in a press release on Monday (Oct.

Miami 109

Miami Digital Banking Branding Meeting 109

PYMNTS

AUGUST 13, 2019

Digital banking startups are popular in Europe, dangling low fees and mobile apps to attract more customers. Challenger banks have raised $100 million worldwide in the second quarter and are the fastest-growing FinTechs, Lindsay Davis, a senior intelligence analyst at CB Insights, told the FT. .

FDIC 164

FDIC Millennials Capital Fintech 164

FICO

AUGUST 19, 2022

Tackling the Fintech Threat: A Guide for Banks and Credit Unions. What financial institutions need to compete with fintech threat disrupters. As FinTech funding rises to new record levels – $131.5 According to a 2022 report by Cornerstone Advisors , the percentage of Gen Z, Millennial, and Gen X consumers in the U.S.

Fintech 52

Fintech Millennials Lending Tools 52

PYMNTS

JUNE 9, 2020

In the battle against digital challenger banks, credit unions (CUs) may be facing a bit of a perception/reality gap — and losing market share as a result. Especially their brick-and-mortar footprints tied to the digital branch. As the survey of more than 4,000 CU members, CU leaders and FinTech executives showed, 41.4

Digital Banking 133

Digital Banking Millennials Lending Marketing 133

Gonzobanker

APRIL 4, 2024

While valuation at many fintechs has dropped since 2022, Chime has bucked the trend. Bloomberg recently reported that Chime, the leading fintech neobank, is planning to go public in 2025. According to the report , Chime has not engaged investment banks to date. of Millennials, 7.5% Is it ready for an IPO? of Baby Boomers.

Comparison 104

Comparison Fintech America Survey 104

PYMNTS

FEBRUARY 13, 2020

“The branch is a digital ecosystem in and of itself,” he said, “and it should be connected to the digital banking, self-service ecosystem,” as the footprint — including the ATM — is not going away. Conventional wisdom may hold that millennials want a purely self-service experience when it comes to their financial lives.

Millennials 231

Millennials Digital Banking Mobile Course 231

PYMNTS

FEBRUARY 20, 2019

While they were once seen as novelties, challenger banking institutions are further encroaching into traditional banks’ territory, adding new responsibilities and products to their portfolios, such as lending. News From the Digital Banking Landscape. The challenger bank phenomenon is not unique to the U.K.

Digital Banking 155

Digital Banking Millennials America Lending 155

PYMNTS

FEBRUARY 14, 2020

We have deep dives into unattended retail, rapid settlements and cybersecurity, as well as news on Mastercard receiving the go-ahead from China’s central bank to set up a bank clearing business. Mastercard Gets Nod To Join China’s $27T Payments Market. China’s central bank gave Mastercard the green light on Feb.

Retail 141

Retail Cards Millennials Fraud 141

PYMNTS

JULY 23, 2019

“Over the past few years we’ve become the payment partner of choice for challenger banks and FinTechs looking to offer new retail or commercial banking solutions.” . Banking disruption is moving through the U.K. Atom, a banking startup in the U.K. that caters to millennials, has raised £50M ($62.4

Millennials 144

Millennials Innovation Fintech Lending 144

FICO

FEBRUARY 12, 2023

Home Blog FICO Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models. What can financial institutions learn from TikTok?

Digital Banking 52

Digital Banking eBook Analytics Customer Experience 52

PYMNTS

JUNE 21, 2017

June’s PYMNTS Digital Banking Tracker™ looks at the latest trends in the digital banking space, including efforts by banks and FinTechs to give consumers new insights into their finances and the latest developments on the path toward Open Banking. Building smarter, more informed consumers.

Report 131

Report Digital Banking Millennials Fraud 131

PYMNTS

MAY 23, 2019

Digital banking is not the main element that drives consumers toward using a credit union. However, as Lumin Digital President Jeff Chambers told Karen Webster in a recent conversation, that doesn’t mean the digital banking experience isn’t critical to credit unions’ relationships with their members.

Online 123

Online Millennials Digital Banking Maine 123

The Financial Brand

AUGUST 31, 2016

With more Millennials going cashless, paperless and branchless, financial institutions must master marketing fintech tools to them.

Millennials 17

Millennials Marketing Digital Banking Tools 17

PYMNTS

OCTOBER 17, 2019

Lemon Way’s target market is booming: B2C, B2B and financial online marketplaces are emerging all over Europe and are expected to continue their strong growth trajectory,” added George Koulouris, partner at Toscafund. In July , Toscafund helped fund Atom , a banking startup in the U.K. that caters to millennials.

Fintech 100

Fintech Capital Millennials US 100

Gonzobanker

JULY 27, 2022

Strategies focused on physical attraction (marketing) and distribution – where branches serve as customer attractors and points of service and delivery – are increasingly “invalid,” requiring banks to “upgrade to the latest version of the protocol,” i.e., digital marketing and distribution. Strategy #2: Embedded Fintech.

Strategy 88

Strategy Customer Experience Fintech blockchain 88

PYMNTS

JULY 1, 2020

The details are offered in Building a Better App: Banks and the Innovation Imperative Report , a collaboration between PYMNTS and Ondot Systems, the Silicon Valley-based FinTech. The rate rises to 60 percent among bridge millennials, those between the ages of 30 and 40. .

Survey 183

Survey Cards Millennials ATM 183

PYMNTS

FEBRUARY 25, 2020

As the report states, “We … find that a significant share of consumers are willing to bank with the institutions — financial or otherwise — that offer them the best spending and money management tools.”. The highest interest is among “bridge millennials” whose card spend averages $40,000 annually.

Mobile 153

Mobile Cards social media Survey 153

PYMNTS

JUNE 22, 2017

New digital banking solutions are creating new options for these citizens to make a difference in the world through their consumer purchases. Aspiration markets itself as a digital-first financial firm that helps socially minded customers make a positive impact through products that make money and a difference at the same time.

Millennials 117

Millennials Digital Banking Survey Tools 117

NCR

APRIL 16, 2018

What this means is that any bank hoping to succeed in the region must have not only a strong brand, but a clear plan to distinguish itself by achieving high standards in customer experience. The United Arab Emirates (UAE) is one key market where this trend of overbanking is particularly notable. Digital demands.

Digital Banking 49

Digital Banking Regional Customer Experience Industry 49

PYMNTS

JANUARY 29, 2020

Their traditional banking rivals are now supplemented by young, agile FinTechs that advertise the most advanced technology and much greater efficiency than their legacy counterparts, meaning that CUs must lean into their strengths to get ahead. Market share, asset size and third-party surveys are some of the more common approaches.

St. Louis 130

St. Louis Missouri Survey Kansas 130

PYMNTS

MARCH 2, 2020

It’s one of the themes explored in the February 2020 Digital-First Banking Tracker® , done in collaboration with NCR Corporation. We’ve all heard that millennials, for example, think of bank branches as a vestiges of another century with little relevance to their financial lives. Is that what people really want?

ATM 191

ATM Millennials Retail Video 191

Gonzobanker

APRIL 3, 2019

It’s not a “Millennial thing.” Reorganize around the entire customer buying process by consolidating sales, marketing and service, instead of organizing by departments and product lines. According to Cornerstone Advisors research , digital account opening is the leading technology being replaced right now.

social media 108

social media Exercises Millennials Training 108

PYMNTS

OCTOBER 4, 2019

Without the resources to build out their own digital SMB lending platforms, the natural next step is to collaborate with FinTechs, a strategy that today has become commonplace for financial institutions big and small. The Open Banking Trajectory. Non-Banks Enter the Fold. In markets like the U.K. In the U.S.,

Lending 152

Lending Community Bank US Community 152

Accenture

SEPTEMBER 22, 2019

In my frequent conversations with clients across the UK and Irish banking industry, one of today’s hottest topics is the rise of the challenger banks such as CYBG, Metro and AIB UK, and particularly the neo-challenger banks providing digital-only services, like Monzo, Atom and Starling. Why are they doing so well?

Innovation 150

Innovation Metro Apple Marketing 150

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

CB Insights

NOVEMBER 5, 2019

There are just two China-based fintech businesses valued at over $100B in the world. The second, conceivably, is Tencent’s fintech business. In May 2019, Barclays released a note estimating the value of Tencent’s fintech business at $123B, or close to a third of the company’s total market cap.

Fintech 51

Fintech social media Analysis Marketing 51

PYMNTS

JUNE 7, 2019

FinTech across the pond: Card giants are stepping up their support for FinTech , especially in Europe. Mastercard has announced a new generation of its Accelerate program, which helps FinTechs broaden geographic reach. Visa has launched b.yond, which helps FinTechs bring new payments capabilities to clients.

Fintech 101

Fintech Study Online Retail 101

CB Insights

DECEMBER 10, 2020

Bank of America, for one, saw profits drop 16% year-over-year (YoY) in Q3’20 to $4.9B. The pandemic has also accelerated recent trends in banking, especially among the millennial demographic, which tends to favor digital banking and online brands over traditional banks. First name. Company Name.

America 101

America Lending Cards San Francisco 101

CB Insights

JULY 11, 2019

get the building the bank of the future report. Download the free report to find out about the rise of digital banking, challenger bank strategies and how incumbents are fighting back. Many of these companies have ambitious plans to expand into new products and markets in order to further grow and retain customers.

Fintech 64

Fintech cryptocurrency Examples Cards 64

CB Insights

AUGUST 2, 2018

One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. get the 86-page fintech report.

Cards 71

Cards Fintech UX Strategy 71

PYMNTS

OCTOBER 8, 2019

The Millennial Challenge. Among the greatest opportunities for CUs lie some significant challenges, too — namely, tapping into and serving the financial needs of millennials. Pairing those strengths with robust credit card offerings, he said, helps CUs market a full suite of financial offerings that are comparable to marquee FIs. “As

United States 102

United States Millennials Course Lending 102

Celent Banking

SEPTEMBER 9, 2015

I´ve recently had multiple conversations with financial institutions about the trend of unbundling financial services by fintech startups. Banks become a utility on the backend, essentially forced by the market to provide the necessary regulatory requirements and accounts for nonbank disruptors.

Millennials 100

Millennials Fintech Bitcoin Industry 100

Gonzobanker

OCTOBER 5, 2022

Bankers are obsessed with discovering the “secrets” of getting consumers to change banks, while market researchers feed that obsession with survey data that purports to reveal those secrets. More than a third of all Americans have more than one checking account, and among Millennials that percentage is nearing a half.

Survey 78

Survey Mobile ATM Cards 78

Gonzobanker

OCTOBER 5, 2022

Bankers are obsessed with discovering the “secrets” of getting consumers to change banks, while market researchers feed that obsession with survey data that purports to reveal those secrets. More than a third of all Americans have more than one checking account, and among Millennials that percentage is nearing a half.

Survey 78

Survey Mobile ATM Cards 78