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NEW REPORT: Millennials Raise Credit Unions’ Innovation Bar

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In a landscape that’s fast evolving to match the needs of tech-savvy customers, credit unions are innovating to compete with larger commercial banks and FinTech firms to attract and retain customers. Embracing Tech Change to Win Over Millennials. We embrace technology and I think our members have, too,” DeBoer said.

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DATA: How FI’s Innovation Gap Is Big Tech’s Big Opportunity

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It’s really difficult, the banking ecosystem is not fast and that’s just reality,” Jim McCarthy, industry expert and former innovation head for Visa, told Karen Webster in a recent conversation. The Headwinds Creating The Innovations Gap . According to the latest edition of the Innovation Readiness report, only 22.3

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Why Digital Payments Innovation Sticks To Gen Z

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Broadly speaking, it seems the follow-up act to the millennial generation – that is, Gen Z – is much more positively inclined toward using credit products of all stripes. Far more millennials and Gen Xers make use of credit cards than Gen Zers – at 38.29 million and 38.27 million, both cohorts have roughly quintuple the carrying rate.

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Why Community Banks Can’t Afford To ‘Wait and See’ About Faster Payment Innovations

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The report included several recommendations for banks, FinTechs and other financial services players — guidelines to establish an industry-driven framework for governing the system and encourage further research and investment in emerging financial technologies. Millennials Moving Into And Up In The Business World.

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Sensory's VoiceHub Debuts On Audio Weaver For Hands-Free Command Coding

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Silicon Valley's Sensory , which works in pioneering artificial intelligence, has rolled out its new VoiceHub technology, which will allow developers to make wake words and voice control command sets, a press release says. Millennials, the survey found, are around twice as likely to use this technology as other generational demographics.

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Why Technology Is Actually Helping Cash Thrive

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Customers pay bills by downloading a smartphone app and adding billers, before visiting one of many retail locations, where they present a barcode for a biller to a cashier, along with the amount of cash they wish to use to pay. But there are fewer consumers who are unfamiliar or uncomfortable with digital payment technology every day.

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Chime On Millennials And Mobile Banking – Will The Love Last?

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When you talk to the co-founder and CEO of a mobile-first digital bank account offering, you are likely to hear that millennials, to put it lightly, are not fond of big banks. Whether it’s Chime or other apps, millennials are increasingly turning to their mobile devices to keep track of their financial health. About the Tracker.