Accenture

JUNE 16, 2017

Banks across the world are continuing to invest heavily in robo-advisery services, seeing them as a way to deliver personally tailored financial information and guidance at high scale and relatively low marginal cost. In contrast, fewer than half feel they need human guidance on using their bank’s online and mobile services.

Millennials 186

Millennials Maine Study Security 186

PYMNTS

SEPTEMBER 24, 2019

Digital banks , for one, are teaming up with technology providers to accelerate settlement times for payments collected at the point-of-sale (POS). Legacy banks are similarly at work, with one major FI seeking to beat out FinTech competition by offering same-day access to credit card deposits.

Mobile 246

Mobile Payments Apple Millennials 246

PYMNTS

MARCH 2, 2018

For millennials, these cards simply don’t induce the same debt-based anxieties as credit cards. A recent survey found credit card debt is a source of considerable worry for millennial consumers, with 33 percent reporting it as the most feared life aspect. Winning the millennial market. Think like a retailer.

Millennials 101

Millennials San Diego Cards Retail 101

Accenture

JUNE 16, 2017

Banks across the world are continuing to invest heavily in robo-advisery services, seeing them as a way to deliver personally tailored financial information and guidance at high scale and relatively low marginal cost. In contrast, fewer than half feel they need human guidance on using their bank’s online and mobile services.

Millennials 150

Millennials Maine Study Security 150

PYMNTS

APRIL 2, 2020

Competition for customers — especially millennials — from larger banks and FIs has long required credit unions to keep pace with their more innovative counterparts. This often means providing digital solutions and convenient banking options despite smaller technology and innovation budgets, however.

United States 174

United States Security Innovation Mobile 174

PYMNTS

OCTOBER 4, 2019

To service Main Street businesses, it’s an obvious advantage for a financial institution to actually be on Main Street. “With bigger banks, some of them have more software engineers than Google,” he said. “Banking technology is here, it’s just not in the hands of smaller banks.”

Lending 152

Lending Community Bank US Community 152

PYMNTS

SEPTEMBER 21, 2016

According to recently released research from the American Bankers Association, mobile banking is becoming increasingly popular among consumers of young ages. Members told us they had been using other voice technologies, like the Alexas or Siris of the world, and they wanted to use the voice command to do their banking,” Advani explained.

Digital Banking 100

Digital Banking Mobile Apple Millennials 100

BankBazaar

JUNE 3, 2020

Considered to be a more nimble version of old-fashioned banking, neo-banks appeal to a more digital-savvy generation like millennials. Traditional banks have many limitations when it comes to offering digital solutions for a targeted audience starting from technological infrastructure to banking regulations.

Regulation 127

Regulation Cards Millennials Maine 127

PYMNTS

APRIL 2, 2018

Consumers demand easy, digital banking, but this pressure for banks to deliver is also coming from corporate clients. Take mobile banking, which has propelled the introduction of mobile-only banks to meet demand for better services on smaller screens. According to Glover, that means banks in the U.S.

blockchain 171

blockchain Lending User Experience Mobile 171

NCR

AUGUST 14, 2017

Assuming that everyone will naturally make the transition to digital banking at their own pace will be a mistake, and may see banks lose customers as people turn to financial institutions who they feel can better cater to their needs. The reasons for shunning online services.

Online 85

Online United States Millennials Digital Banking 85

PYMNTS

MAY 30, 2016

Store Front Business Index: Main Street USA, A-OK? One of the most significant: the health and importance of small businesses and, in particular, the “mom-and-pop” shops that line the Main Streets and side streets of our local communities. We talk to nearly 700 SMBs every quarter to get their views on payments and technology adoption.

Trends 100

Trends Retail Fraud Mobile 100

Independent Banker

OCTOBER 29, 2014

Large banks and nonbanks, merchants and technology companies are pressing to solidify their inroads into the financial transaction business. Research and everyday observation show how consumers are increasingly using mobile technologies. But how far are they willing to go to do their banking on small mobile devices?

Mobile 105

Mobile Community Bank Community Technology 105

PYMNTS

JUNE 21, 2016

Best Use of Technology: Fiserv. Life moves quickly and people want banking and payments experiences that are in step with how they live and work. Millennials are every banker’s dream, but they are among the hardest group of individuals to service. Most Disruptive: FIS.

Millennials 101

Millennials Innovation System Payments 101

PYMNTS

MAY 21, 2016

That, as it turns out, was the good old days of voice technology assistance. Today the incorporation of voice technology into daily activities runs the gamut, from taking music requests on-demand to ordering from Amazon to typing your texts for you. to roll out a voice technology offering. The response thus far? Phenomenal.

Technology 115

Technology Trends Maine Digital Banking 115

PYMNTS

OCTOBER 29, 2018

This happened despite sophisticated technology capabilities that successfully flagged many other types of inappropriate postings, like pornography, and kept them off the platform for years. Only 38 percent of hate speech content was identified by their technology in Q1 2018, they reported, resulting in the removal of 2.5

Payments 196

Payments Google Apple Innovation 196

Tech and Finance

JUNE 14, 2018

I publish occasionally at the Articulate Communications blog on issues of financial technology, banking and associated public relations and marketing topics. In the past I have written about design thinking, how to avoid bank PR-speak and whether banking and innovation belong in the same sentence. June 12 Temenos.

Survey 28

Survey Millennials Fraud Mobile 28

PYMNTS

JUNE 8, 2016

Some were focused on giving chatbots a run for their money in the customer service arena, while others are using the technology to make financial services more accessible to a variety of customer segments. “ We think in a few years it would be strange if Alexa is not available for customer services in places like this.”. .

Innovation 100

Innovation System Payments Groups 100

PYMNTS

JANUARY 19, 2021

The challenges that lie ahead can be captured in recent PYMNTS research, which shows that consumers are more willing to share their location data with food ordering apps than with their own mobile banking apps. As Boyer noted of those IP-centric defenses, “it’s mostly what banks have now. The Disconnect.

Data 227

Data Fraud Los Angeles Compliance 227

PYMNTS

JULY 9, 2018

It was published a year later in the MIT Technology Review. Buying a digital subscription to The Economist means a consumer gets access to everything it publishes, not just the quarterly “Technology Review” section. • Even the largest and oldest digital banks have only converted a few million customers.

Strategy 105

Strategy Millennials Online Branding 105

CB Insights

JUNE 17, 2020

From healthcare to education to entertainment to manufacturing, technology innovators are stepping forward to help answer that question. As more people have worked, learned, banked, exercised, relaxed, and even sought medical care from home during Covid-19, they have gotten a crash course in just how much can be accomplished at home.

Industry 101

Industry Technology Online Video 101

Fintech Labs Insights

MAY 25, 2017

With its technology still in beta, banqUP is eagerly anticipating its official launch in the coming months. The SME segment is significantly underserved by the banks and as a team of entrepreneurs we aim to change this situation. Finovate: How does your technology solve the problem better? ” Company facts.

Digital Banking 20

Digital Banking Fintech Groups Analytics 20

PYMNTS

NOVEMBER 18, 2019

According to that same study, among bridge millennials , the consumer group between the ages of 30 and 40 who represent the first generation of connected consumers with buying power, Google rises to No. Facebook ranks dead last in a list of two dozen or so FinTech, Big Tech and merchant brands – and has for the last three years.

Google 177

Google Study Payments Branding 177

PYMNTS

APRIL 6, 2016

While banks’ successes (and failures) have historically been largely determined by their physical footprint, the digital revolution has allowed financial consumers to be less reliant on brick-and-mortar branches as technology platforms have grown to enable them to perform their transactions “as and when it suits them,” notes Steggall.

Technology 100

Technology Innovation Course Security 100

NCR

JUNE 21, 2016

According to a recent study , all four of the leading banks are among the ten least-loved brands by Gen Y, and one in three millennials revealed they’re open to switching financial institutions in the next 90 days. Millennials don’t like traditional banks and don’t see any stark differences between them.

Millennials 45

Millennials Data Study Digital Banking 45

PYMNTS

MARCH 7, 2016

Technology and the Internet of Things mantra is exciting, exhilarating and in many ways, an innovator’s dream. Did prepaid really solve a problem for people – or did it instead try to solve a problem for the industry that was determined to move cash to digital? Or is it just a new source of friction?

Payments 100

Payments Innovation Software Mobile 100

PYMNTS

JULY 29, 2016

Millennials. If you’re a millennial, the FinTech world is literally beating a path to your front door. There are digital banks popping up just to woo them. Traditional banks are adapting services to attract more of them. Millennials are clearly a sizzle. Context + commerce = sizzle. The next step?

Apple 100

Apple Millennials Mobile Fintech 100

PYMNTS

OCTOBER 31, 2016

Now, it’s also worth pointing out that what Director Cordray seems to advocate is a very different business proposition for the banks than how APIs and API access functions in every other aspect of technology innovation. Consumers embrace and trust their banks to deliver mobile and digital banking services, and their use is increasing.

Regulation 100

Regulation Innovation Data Industry 100