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Life Insurance For Millennials? Why An Insurtech Is Going After The Market

CB Insights

To take advantage of this change, Lemonade, an insurtech with a millennial customer base, announced on its Q3 earnings call earlier this month a plan to offer a term life insurance product in the next 90 days. FREE DOWNLOAD: STATE OF FINTECH Q3’20. The post Life Insurance For Millennials? Phone number.

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How Millennial Ethics Are Reshaping Fintech

CB Insights

Over the next few decades, baby boomers and Gen X will pass on $30T in wealth to the millennial generation. PREPARE FOR THE FINTECH FUTURE. As investor preferences shift, download our free 106-page fintech report to see what trends to watch in 2019. GET THE 106-PAGE FINTECH TRENDS REPORT. But a shift is happening.

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Step Aside, Millennials — Why Fintechs Are Targeting Baby Boomers & Retirees

CB Insights

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.

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Survey: Quarter Of Americans Open To Banking With Big Tech

PYMNTS

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. Nearly 44 percent of respondents said they would be “very” or “extremely” interested in downloading it.

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Mobile Cards Key To Winning Bank Accounts

PYMNTS

Admiring their work, 44 percent said they’d download the mobile card they had just created, presumably trading in their limited and fee-laden legacy bank cards. The highest interest is among “bridge millennials” whose card spend averages $40,000 annually.

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NEW REPORT: With Zelle, FIs Looking To Be Everyone’s P2P Bae

PYMNTS

Whether it’s summoning a ride, checking information or downloading music or media, the expected wait time is seconds, not hour or days. Newer FinTech-backed P2P payments services like Venmo and Square Cash have caught on with millennial consumers in particular.

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Longevity Lessons From The Oldest US Credit Union

PYMNTS

As credit unions (CUs) face increased competition from traditional banks and new players from the FinTech crowd, many institutions ponder the same question: What can we do to keep our doors open? From Mill Workers to Millennials. While you need electronic channels, you still need a physical branch to bring millennials in,” Senus said.