Remove Fintech Remove Lending Remove Millennials Remove Survey
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How Millennial Ethics Are Reshaping Fintech

CB Insights

Over the next few decades, baby boomers and Gen X will pass on $30T in wealth to the millennial generation. PREPARE FOR THE FINTECH FUTURE. As investor preferences shift, download our free 106-page fintech report to see what trends to watch in 2019. GET THE 106-PAGE FINTECH TRENDS REPORT. But a shift is happening.

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How banks and Fintech AltFi can make money from prudent customers

Bank Innovation

63% of the sought-after millennials don’t have a credit card, according to a survey commissioned by Bankrate and compiled by Princeton Survey Research Associates International. PayDay Lending, Overdraft Fees, Credit Cards all make money from the imprudent customer.

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A Decade On, Lending Transformed By Crisis And Innovation

PYMNTS

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. The rise of FinTech offers a bit of a prism through which to view those events. As for lending to businesses, banks have still been a bit hesitant to lend to smaller firms.

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Small Business, Big Banking Not A Winning Combo, Survey Finds

PYMNTS

That’s bad news for some of the largest FIs, despite a recent uptick in small business lending activity. The 2017 report from FIS surveyed nearly 500 SMEs in the U.S. PYMNTS examines some of the most telling data from the survey below. -14% with revenues up to $500 million.

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DoorDash, Airbnb IPOs; BNPL Trends; Pet Fraud Top This Week's News

PYMNTS

Synctera Brings 'FinTech As A Service' To Community Banks. FinTechs want to offer compliant banking services, while community banks want new ways to grow deposits. The FinTech as a Service launched Tuesday (Dec. Report: Millennials, Buy Now Pay Later And The Shifting Dynamics Of Online Credit.

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Cross-Selling: Uncover Hidden Growth in Your Financial Institution

Abrigo

In 2020, a top focus for community financial institutions is new customer acquisition, according to the BAI Banking Outlook: Trends in 2020 survey. Finding new customers was the #2 business challenge -- second only to improving the customer digital experience, according to BAI’s survey of 400 bankers representing institutions of all sizes.

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Tackling the Fintech Threat: A Guide for Banks and Credit Unions

FICO

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.

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