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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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Small Businesses Making Big Mistake By Going Cash-Only, Report Finds

PYMNTS

With such rapid innovation and competition in the financial technology space, the importance of cash payments is only set to dwindle further,” said Expert Market Head Adelle Kehoe in a statement. According to Expert Market, nearly two-thirds of spenders aged 24-34 said they prefer not to carry cash and instead prefer to use cards.

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Survey: 88 percent of people still favor an in-person banking experience

Abrigo

The survey outlined the key reasons that such a large group still rely on the in-person experience, including the option of a walk-up teller in lobby (68 percent), an ATM (65 percent) and a drive-up window (51 percent). The ability to discuss special options with a banker was also important to 31 percent of those surveyed.

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Getting Mobile Ready

Independent Banker

Research and everyday observation show how consumers are increasingly using mobile technologies. A consensus says that the future banking customer relationships—particularly for millennial consumers—will orbit to one degree or another around mobile technology. s entry into the payments business with Apple Pay.

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From ACH To IoT: Looking Back On A Year Of Trackers

PYMNTS

Getting on board with this new technology is key for banks and financial institutions as they look for ways to attract millennial consumers. This year, the Digital Banking Tracker looked at millennialsfinancial habits and why younger users favor digital banking solutions over traditional banking models.

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The Financial Industry’s Digital Transformation

FICO

The financial and retail sectors both have emerging competitors who are more technologically sophisticated than the incumbents. If that percentage seems high to you, perhaps it’s because you thought “only millennials” have those kinds of needs. According to Accenture, millennials now number 1.8

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FinovateFall 2015 in the Press

Fintech Labs Insights

The Latest FinTech Innovations For Millennials. By Millennial EH. Millennial banking startup and e-commerce innovator take top N.Y.C. The Latest FinTech Innovations For Millennials. Amazing App: How HelloWallet Improves Financial Wellness. FinovateFall Day Two: Tackling the Identity Problem. by Phillip Ryan.