CB Insights

SEPTEMBER 10, 2019

While the media often portrays millennials as preoccupied with the rising prices of festival tickets and avocado toast, their real financial concerns are a bit more practical. Download the free report to find out how fintech is shaping the future of wealth management and investing. get the REPORT on next generation investors.

Millennials 77

Millennials Mobile Lending Cards 77

PYMNTS

NOVEMBER 16, 2017

As credit unions (CUs) face increased competition from traditional banks and new players from the FinTech crowd, many institutions ponder the same question: What can we do to keep our doors open? From Mill Workers to Millennials. While you need electronic channels, you still need a physical branch to bring millennials in,” Senus said.

Millennials 101

Millennials US New Hampshire Resources 101

PYMNTS

JUNE 16, 2016

A lot of fuss is made over millennials and their proclivities toward things being easy. So, when it comes to something like digital banking , it’s not so much about finding what’s easy as it is about finding what service best meets millennials’ needs. Millennials to big banks: No thanks ….

Millennials 100

Millennials Mobile Digital Banking US 100

PYMNTS

DECEMBER 24, 2020

Lemonade focuses on selling renters’ and homeowners’ insurance via an app that’s geared toward millennial and Gen Z consumers. You've got an industry that's one of the biggest sectors on the planet in terms of dollar flow, but you've got players who face the pretty classic innovator's dilemma,” he said. All told, it’s risen 363.6

US 230

US Company Report Payments 230

PYMNTS

JUNE 9, 2017

In an interview with PYMNTs after a webinar by the pair titled, “Financial Services Innovation — The Risk of New vs. Nothing,” John Epperson, principal at Crowe Horwath LLP, and Jason Henrichs, managing director at FinTech Forge , discussed the challenges and rewards of embracing change, even as firms are mindful of what works.

Innovation 109

Innovation Compliance Technology Data 109

PYMNTS

JULY 23, 2019

million) in the latest round of funding from the Board of Banking Competition Remedies (BCR) Capability and Innovation Fund. Over the past few years we’ve become the payment partner of choice for challenger banks and FinTechs looking to offer new retail or commercial banking solutions.” . Ireland, Nordic and Baltics.

Millennials 144

Millennials Innovation Fintech Lending 144

CB Insights

MARCH 26, 2019

Every few weeks, another story about the dreaded generation surfaces: millennials are killing casual dining; millennials are killing breakfast cereal; millennials are killing home ownership. Millennials aren’t shunning luxury goods; they’re just renting them instead of buying. Millennials are in debt.

Millennials 78

Millennials Industry Trends Branding 78

NCR

MAY 9, 2017

The expansion of new fintech apps started a trend of eroding revenue and profits from banks and credit unions, generating a sense of competition with app developers. But technology innovators and financial institutions have worked together for generations. Why Are Financial Institutions Adopting New Fintech Apps? billion.

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Fintech Hawaii Community Bank San Francisco 75

PYMNTS

SEPTEMBER 16, 2019

And so a sheepherding innovation – and new vocabulary word – was born. In the payments ecosystem, we need look no further than the bridge millennial for how the connected purchasing experience will evolve over the next decade. Analysts pinpoint certain companies as bellwethers for the performance of a sector.

Millennials 222

Millennials Study Course Trends 222

PYMNTS

DECEMBER 11, 2020

Sugden remains bullish on 2021 prospects for the world of FinTech and commerce, as he believes there’s a rare amount of alignment in terms of what everyone wants to come next. Millennials’ Changing Credit Habits. Eleven-and-a-half percent of bridge millennials have used a BNPL product in 2020, twice that of the average consumer.

Payments 188

Payments Millennials Cards Regulation 188

FICO

AUGUST 19, 2022

Tackling the Fintech Threat: A Guide for Banks and Credit Unions. What financial institutions need to compete with fintech threat disrupters. As FinTech funding rises to new record levels – $131.5 According to a 2022 report by Cornerstone Advisors , the percentage of Gen Z, Millennial, and Gen X consumers in the U.S.

Fintech 52

Fintech Millennials Lending Tools 52

Current

OCTOBER 20, 2020

We’re a fintech, not a bank Fintechs obtaining their own banking licenses has been a hot industry topic as of late. What about us? This allows us to focus on our core demographic, which is the over 130 million people in the U.S. Pursuing our own bank charter would make us no longer deposit agnostic.

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Conference US Resources Fintech 108

Let's Talk Payments

APRIL 22, 2016

Millennials constitute more than a quarter of the US population. That is why companies across industries are turning their priority and attention to creating products which can cater to this.

Millennials 40

Millennials Mobile US Industry 40

PYMNTS

FEBRUARY 25, 2020

The highest interest is among “bridge millennials” whose card spend averages $40,000 annually. We’ve all gotten used to the smartphone remarkably quickly. It’s become like an appendage in many ways, giving us special powers, and that’s not going away any time soon. Follow the Smart(phone) Crowd.

Mobile 153

Mobile Cards social media Survey 153

PYMNTS

JANUARY 29, 2020

Their traditional banking rivals are now supplemented by young, agile FinTechs that advertise the most advanced technology and much greater efficiency than their legacy counterparts, meaning that CUs must lean into their strengths to get ahead. Credit unions (CUs) face fierce competition in the financial industry. There’s No “I” in CU.

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St. Louis Missouri Survey Kansas 130

CB Insights

JANUARY 14, 2020

In case you missed it, the 5th annual Future of Fintech (June 14-16) is moving west to San Francisco. Here’s what to expect at this year’s event : 3 main stages: Future of Fintech, Future of Wealth, and Future of Insurance. 1 stage dedicated to the Fintech 250 (CB Insights’ list of the most promising fintech startups).

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San Francisco Fintech Capital Meeting 36

Accenture

SEPTEMBER 22, 2019

But there’s another reason why the neo-challengers are so front-of-mind: They’re industry leaders in cultivating technology innovation and optimising customer service and experience. They also deliver innovative, easy-to-use apps that help users with things like managing their daily budget or travelling abroad. Customer growth.

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Innovation Metro Apple Marketing 150

Filene

OCTOBER 27, 2016

Then we spent a "day away" exploring various organizations, concepts and people who shared ideas that enabled us to expand and apply our thinking from earlier in the week in new ways to hack away at unsolved challenges and improve the way we meet people's financial needs. Thank you for sharing this time with us. Filene Merrymaking.

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US Tucson social media Video 57

PYMNTS

JUNE 26, 2020

More than 10,000 financial institutions (FIs) around the world are implementing or exploring open banking , an emerging trend in the financial industry that allows banks and FinTechs to freely share their data, encouraging collaboration and the development of new customer-facing services. In the U.K.,

System 198

System Data Security Examples 198

PYMNTS

DECEMBER 28, 2018

The rising rates have not only made debt more expensive, but they have been a weight on loan growth across both bank and FinTech lending platforms in the back half of the year. Those older millennials between the ages of 30 and 40 have earning power, are well-educated and are settling into more stable careers.

Millennials 145

Millennials Lending System Data 145

CB Insights

JULY 11, 2019

Technological innovation across the financial services space is growing. Today, there are over 20 fintech startups that have crossed the 1 million customer account mark, according to CB Insights data — including Acorns , Robinhood , SoFi , Coinbase , and Credit Karma , among others. get the building the bank of the future report.

Fintech 64

Fintech cryptocurrency Examples Cards 64

Banking 2020

DECEMBER 3, 2015

Financial services organisations in China are expected to shine a light for the rest of the world when it comes to innovation in the banking sector in the coming years, with the primary drivers being non-traditional companies that are looking to develop new payment solutions and platforms. At the turn of the millennium, just 1.8 ”

Innovation 40

Innovation Payments Lending Financial Technology 40

Let's Talk Payments

MAY 24, 2016

Survey finds that high-income and millennial consumers have the highest credit card usage in income and age categories, and most in favor of paying in installments New York, NY—May 23,

Survey 74

Survey Cards New York Millennials 74

PYMNTS

MAY 1, 2018

Which, according to SVP of Consumer Channels and General Manager Richard Kang at Handle Financial , is why when it comes to financial services, bill pay doesn’t get a lot of love from innovators. “I There are lots of new FinTech providers that are doing interesting things that really appeal to a niche number of people,” Kang said.

Payments 116

Payments Millennials Innovation Management 116

PYMNTS

JANUARY 2, 2017

The goal: to start a conversation by taking a fresh look at how the ecosystem is changing, innovating and disrupting — all at the same time. Millennials Are In For Some Hard Times. The data is grim — 2017 and beyond don’t bode well for the financial future of the millennial generation. population.”. IPhone 8 anyone?

Millennials 119

Millennials Apple Retail Mobile 119

PYMNTS

OCTOBER 30, 2019

One of the most recent examples of that movement comes from Walmart , the venerable retail chain locked in mortal combat with Amazon, and Green Dot, the 20-year-old payment services provider that has managed to not only survive in a cutthroat industry, but innovate and thrive. Retail FinTech Trends. Omnichannel Power.

Retail 110

Retail social media Fintech Study 110

CB Insights

AUGUST 6, 2017

Fintech 250: The Tech Startups Redefining The Financial Services Industry. Disrupting Banking: The Fintech Startups That Are Unbundling Wells Fargo, Citi and Bank of America. Disrupting Banking: The Fintech Startups That Are Unbundling Wells Fargo, Citi and Bank of America. 5 Use Cases of AI & Robotics in Agriculture.

Industry 78

Industry Marketing Fintech Software 78

PYMNTS

OCTOBER 29, 2018

The day after Halloween marks the 60-day sprint to the end of the year – a year in which the pace of innovation has accelerated materially. The shifts associated with that innovation are beginning to take root, and those impacts are beginning to be felt. In fact, according to our recent study, they come in dead last.

Payments 196

Payments Google Apple Innovation 196

NCR

FEBRUARY 16, 2018

Tech innovation, the ongoing growth of the fintech marketplace and the move towards open banking are all contributing to greater choice for consumers and a combination of new challenges and opportunities for financial institutions (FIs). We are currently witnessing widespread and exciting change.

Trends 56

Trends Innovation Millennials Analysis 56

PYMNTS

SEPTEMBER 21, 2016

And its popularity with young consumers (77 percent of millennials used mobile banking within the past month) means that more consumers are likely to embrace these new practices each year. USAA was not the only digital banking platform to debut new services and innovations recently. Around The Digital Banking World.

Digital Banking 100

Digital Banking Mobile Apple Millennials 100

Chris Skinner

MAY 24, 2017

It’s why millennials say that they have bank accounts where they can go and see someone, and why the physical representation of the bank is still important today. Talking with our driver during a one day tour, we got into an interesting discussion about how he uses banks and money. That’s why Roberto Ferrari who leads Che!

Millennials 208

Millennials Conference Mobile Case Study 208

Let's Talk Payments

APRIL 7, 2016

A recent report says that more than 60% of millennials do not own a credit card. In the past few years, the model of instant credit has been picking up.

Millennials 40

Millennials Lending Innovation Cards 40

Jeff For Banks

MARCH 3, 2018

There are a lot of crazy ideas out there in banking causing us to think. That's what I thought about while reading a recent Financial Brand post about Innovation in Banking: Killer Ideas? More talk about fintech, dinosaur bankers, and flavors of the month. Maybe those millennial futurists don't remember this.

Apple 65

Apple Millennials Massachusetts FDIC 65

PYMNTS

JULY 29, 2016

Not having such a good week, other than Apple, were FinTech IPOs. Millennials. If you’re a millennial, the FinTech world is literally beating a path to your front door. PayPal and Visa’s partnership includes real-time access to funds that millennials “Venmo” to each other if there’s a Visa debit card involved.

Apple 100

Apple Millennials Mobile Fintech 100

PYMNTS

DECEMBER 23, 2016

Hear us out. But before you get suspicious and put us on the naughty list, we just have to say, Santa, to be honest, there are others out there who could use some holiday cheer more than us. Otherwise, it would be the kind of disruption that not even tech innovators could love. You seem to be onto something.

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US Retail Millennials California 100

CB Insights

DECEMBER 7, 2017

FINTECH TRENDS Q3 2017 RESEARCH BRIEFING. Fintech deals and funding are on track to reach record highs in 2017. In this analysis, we examine what mortgage tech is, what its impact will be on incumbent players and fintechs, and the key drivers creating a big opportunity in mortgages now. What is mortgage tech?

Millennials 69

Millennials Lending United States Technology 69

PYMNTS

MAY 21, 2016

Just weeks removed from the launch, PYMNTS caught up with Ed Metzger, Santander UK’s Head of Innovation, Technology and Operations, to talk about initial impressions and what’s next for voice technology in banking. Metzger said that positive response has affirmed the value of experimenting with strategic innovation within the banking realm.

Technology 115

Technology Trends Maine Digital Banking 115