Remove Financial Technology Remove Fintech Remove Millennials Remove Mobile
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Digital-First Banking Branches Out

PYMNTS

It’s a fair question given that ATMs and mobile banking can now make the whole “teller in a window” thing disappear permanently. 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?

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SoFi Sees Investor Accounts Double Thanks To Fractional Shares

PYMNTS

CEO Anthony Noto told CNBC’s “Squawk on the Street” that the FinTech company’s investing platform has seen a significant uptick in user numbers since January. Founded in 2011, SoFi made its reputation by refinancing student loans for millennials. Since then, it has expanded its financial products to offer personal and mortgage loans.

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

PYMNTS

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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Transformation Time Bomb?

Independent Banker

Three ways millennials could accelerate FinTech trends in 2016. When it comes to finance, millennials are a generation known to be conservative in spending and distrustful of financial institutions. Thus, it’s not shocking that millennials are a driving factor in the growing financial technology, or FinTech, movement.

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Banking on a Winner: Fostering innovation to compete in today’s financial environment

ZootBlog

There are several ways for banks to elevate their game—fintech houses, neobanks, alternative lenders, in-bank labs. Fintech Houses. There are now more than 8,000 financial technology companies in the United States with the potential to shake up traditional financial institutions.

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Fighting Digital with Digital

Independent Banker

Community banks cannot afford to ignore the staggering pace of lending adoption by both individuals and businesses using digital-only platforms from various nonbank technology-based specialty lending firms. The most successful banks will embrace multiple channels for lending and employ them all to not only grow transactions but relationships.

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China key to banking and payments innovation

Banking 2020

This is according to a new report by InnoTribe, which stated that financial technology pioneered in the country is set to change the way consumers around the world think about banking. Meanwhile, Tencent has taken advantage of its large existing audience to offer financial products. A transformed environment. ”