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Seeking Banking Balance Between Physical And Digital

PYMNTS

But, while closing physical bank branches might appear to be a wise cost-saving measure, the move comes with risks that could hurt banks’ relations with new millennial customers. It has also meant working in anticipation of the changing needs of millennial users. Among the participating FinTechs are Payso, SnapCheck and Token.

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Gen Z, Millennials and COVID Fueling Rise in Hybrid Credit Card Alternatives

The Financial Brand

It's both a payment and lending challenge — banks must match fintechs' point of sale 'buy now, pay later' service or they'll lose share. The post Gen Z, Millennials and COVID Fueling Rise in Hybrid Credit Card Alternatives appeared first on The Financial Brand.

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Four Ways Banks Must Change Before Millennials & Gen Z Will Love You

The Financial Brand

Despite all the fintech apps, consumers will give more business to traditional institutions if service is personalized, imaginative, trusted. The post Four Ways Banks Must Change Before Millennials & Gen Z Will Love You appeared first on The Financial Brand.

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In Banking Innovation, Eyeing The Needs Of The ‘Digital Native’

PYMNTS

As millennials rise through the ranks and within the ranks, we see the rise of what he termed “digital natives.”. Against that backdrop, said DeRosa, financial firms are getting more comfortable with a “minimum viable product” that may not be at the forefront of innovation but helps establish a foothold from a brand perspective.

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Sustaining Digital Banking Channels’ Explosive Growth in 2021

The Financial Brand

Financial institutions that want to stay in the game need to offer solid basic services before they get fancy. The post Sustaining Digital Banking Channels’ Explosive Growth in 2021 appeared first on The Financial Brand.

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Is Challenger Bank Chime the Future of Retail Banking?

The Financial Brand

The Chime juggernaut received a rocket boost from COVID's impact on consumers. What bankers must know about this tech-powered 'alt bank.'. The post Is Challenger Bank Chime the Future of Retail Banking? appeared first on The Financial Brand.

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Sustaining Digital Banking Channels’ Explosive Growth in 2021

The Financial Brand

Financial institutions that want to stay in the game need to offer solid basic services before they get fancy. The post Sustaining Digital Banking Channels’ Explosive Growth in 2021 appeared first on The Financial Brand.