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Robinhood Faces Another Service Interruption Due To Technical Issue

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In the latest of a string of outages as of the beginning of March, Robinhood Markets Inc. The financial technology company is regarded for helping to make trading in vogue with millennials, Reuters reported. “We said it has fixed a challenge that led to a “major outage” on its platform Thursday (June 18).

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Today In Data: Providers Push For Enhanced mPOS Features

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Financial technology providers are partnering up to offer expanded mPOS capabilities to merchants, which are looking for tools to avoid long checkout lines. charitable giving market come from online donations , and the canned tuna industry is adapting to the tastes of millennials and younger consumers amid a decline in consumption.

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Digital-First Banking Branches Out

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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. Even millennials, who heavily lean on remote banking, still visit physical bank locations for more complex functions like loan applications” monthly. Turns out that’s inaccurate.

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SoFi Sees Investor Accounts Double Thanks To Fractional Shares

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The increase during what has been a volatile time for financial markets tells a “tale of two cities,” he told the network on Wednesday (May 27), as COVID-19 has wreaked economic havoc in addition to its health toll. There are some people that absolutely need to repair their financial lives, and they need to borrow to do so,” Noto said.

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SoFi’s Trading Volume Surges, User Base Nearly Triples

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The idea here was to give millennials and Gen Z, our target audience, access to a diversified portfolio of new economy companies and gig economy companies,” Noto said. In April, SoFi said it had come to a definitive arrangement to purchase Galileo Financial Technologies. The news comes as Samsung Electronics America, Inc.

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VC Fintech Investing Declines In First Quarter

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Investing on the part of venture capitalists in financial technology startups — otherwise known as FinTechs — declined during the first quarter of 2019, with China feeling the most pain. After all, the country has around 500 million millennials and roughly 150 million small and medium-sized businesses.

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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.