PYMNTS

DECEMBER 6, 2019

We have a deep dive into Colorado’s digital driver’s license effort and news on Alphabet’s new CEO, as well as data on millennial Black Friday spending. He will be the executive responsible and accountable for leading Google, and managing Alphabet’s investment in our portfolio of Other Bets.” . Top News . operations.

Millennials 101

Millennials Colorado Google Leadership 101

Bank Innovation

APRIL 17, 2017

And, according to the 2016 edition of PwC’s Employee Financial Wellness Survey , financial stress is on the rise, with Millennial’s typically in worse shape with regards to their personal finances than previous generations.

Fintech 268

Fintech Innovation Survey US 268

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

SEPTEMBER 23, 2020

Trading FinTech Robinhood Markets Inc. The new funding is an outcropping of the Series G round unveiled in August for the firm, which is said to have helped millennials become interested in trading. has grown the size of its newest investment round to $660 million, Fox Business reported, citing a representative from the firm.

Arizona 178

Arizona Customer Experience Texas Millennials 178

Bank Innovation

JUNE 28, 2018

Bento for Business wants to provide its customers with money management tools combined with banking solutions, similar to the personal financial management app for millennials, MoneyLion, according to company CEO Farhan Ahmad. For the task, San Francisco-based Bento raised $9 million in a new round of funding today.

San Francisco 170

San Francisco Millennials Tools Management 170

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

MARCH 17, 2020

Small businesses, particularly those launched by younger entrepreneurs, are often assumed to be a key driver of B2B FinTech innovation as business owners seek sophisticated, automated technologies to run their businesses. One of the biggest lessons would perhaps come as a surprise to many in the SMB FinTech space.

Millennials 168

Millennials User Experience Alabama Tools 168

PYMNTS

JULY 1, 2020

But one thing is clear: Americans would be willing to dispense with their local bank and make Amazon , Apple or Google their primary payment account provider if those 21 st -century accounts allowed them to more easily manage and spend their money. The rate rises to 60 percent among bridge millennials, those between the ages of 30 and 40. .

Survey 183

Survey Cards Millennials ATM 183

CB Insights

DECEMBER 15, 2020

Change has been long overdue for the wealth management industry, which is facing growing competition, outdated legacy tech , thinning margins , and an aging client base. As with numerous other industries, the Covid-19 crisis has propelled digitization in the space — with fintechs and financial services incumbents alike.

Management 87

Management Fintech Industry Trends 87

PYMNTS

JUNE 29, 2020

When Bolun Li was in high school, a local bank came in and offered a heavily branded PowerPoint presentation about financial services and money management to students who reacted pretty much the way one would expect. Instead, CUs and FinTechs pay licensing fees up front to use the platform. Gamifying Financial Education. What’s Next?

Millennials 263

Millennials Taxes Cards Fintech 263

CB Insights

SEPTEMBER 4, 2019

Popular media coverage of millennials often fixates on the industries the generation is allegedly killing and their supposed fiscal irresponsibility. Some industries benefiting from millennials’ increased spending power, such as travel, reflect well-worn Gen Y tropes like the general preference for “experiences” over things.

Millennials 78

Millennials Industry Branding social media 78

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

PYMNTS

MARCH 13, 2017

Several banks are rolling out banking solutions that are specifically focused on winning over millennial customers as they come of age and join the marketplace as adults. Some millennial-focused banking solutions include financial tools to help users manage their money and meet their financial goals. In the U.K.,

Report 149

Report Digital Banking Millennials Tools 149

NCR

JUNE 21, 2016

According to a recent study , all four of the leading banks are among the ten least-loved brands by Gen Y, and one in three millennials revealed they’re open to switching financial institutions in the next 90 days. Millennials don’t like traditional banks and don’t see any stark differences between them. The Rise of the Digital Bank.

Millennials 45

Millennials Data Study Digital Banking 45

PYMNTS

MAY 6, 2016

Fleet Management. Canada-based Bench stands as this week’s sole B2B FinTech company that secured venture capital this week. Luckily, the rest of the week played out fairly nicely for B2B startups, with a few raising dough for their B2B financial services solutions. Turns out, it wasn’t a total bust. Accounting.

Fintech 100

Fintech San Francisco Capital Big Data 100

PYMNTS

JUNE 21, 2017

Whether it’s in-app tools that offer advice on monthly spending, new services to help parents teach their kids about money management or a publicity campaign aimed at raising public awareness of the threats posed by cyber fraud, the financial sector is making consumer education a priority. Building smarter, more informed consumers.

Report 131

Report Digital Banking Millennials Fraud 131

PYMNTS

AUGUST 17, 2017

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. A separate survey from management consulting firm Bain & Co. It has also meant working in anticipation of the changing needs of millennial users.

Millennials 132

Millennials Digital Banking San Francisco Fintech 132

PYMNTS

FEBRUARY 25, 2020

As the report states, “We … find that a significant share of consumers are willing to bank with the institutions — financial or otherwise — that offer them the best spending and money management tools.”. The highest interest is among “bridge millennials” whose card spend averages $40,000 annually. Mobile Cards: Make or Break?

Mobile 153

Mobile Cards social media Survey 153

CB Insights

MARCH 14, 2018

Sudden volatility has shaken the markets and the state of wealth management. Find out what’s ahead for traditional wealth managers and wealth tech startups. Millennials stand to inherit approximately $30T from their parents, the baby boomers, in the coming decades, and both upstarts and advisors are vying for a piece of the pie.

Millennials 53

Millennials Trends Management Company 53

Independent Banker

FEBRUARY 24, 2016

Three ways millennials could accelerate FinTech trends in 2016. When it comes to finance, millennials are a generation known to be conservative in spending and distrustful of financial institutions. Thus, it’s not shocking that millennials are a driving factor in the growing financial technology, or FinTech, movement.

Millennials 70

Millennials San Francisco Bitcoin cryptocurrency 70

PYMNTS

MAY 29, 2020

FIs Or FinTechs: Who Will Power Banking’s Big Digital Shift? In a feature story, Uma Wilson, executive vice president and director of treasury management, card and bank product UMB Bank , discusses analyzing client behaviors throughout channels to find unusual activity. Consumers expect secure and fast access to digital tools.

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

JUNE 27, 2019

This offering is the latest set of APIs made available to issuers and FinTech firms via the Visa Next “digital-first” platform offering. Consumers are given another tool by which to manage their spending, and merchants generally see increased conversion rates and bigger basket sizes when those options are presented to their customers.

Lending 188

Lending User Experience Cards Fintech 188

Gonzobanker

APRIL 3, 2019

It’s not a “Millennial thing.” Rework management accounting and resource allocations to reflect real production value instead of traditional profits and losses, which often treat marketing, contact centers and information technology as cost centers. Consider fintech partnerships that offer digital delivery.

social media 99

social media Exercises Millennials Training 99

PYMNTS

AUGUST 4, 2017

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.

Community Bank 116

Community Bank Community Innovation Millennials 116

PYMNTS

AUGUST 21, 2020

FinTech players are also grabbing deposits. For instance, millennials and other younger consumers are increasingly drifting away from community banks and credit unions because they expect a high level of digital services. Lesher said such tools can reduce scam transactions to just 1.3 Square announced $1.3

Cards 224

Cards Mobile Community Bank Community 224

The Financial Brand

JULY 1, 2020

If not offered the right digital tools, Millennials and Gen Z will put the funds in fintechs that compete with banks and credit unions. The post Financial Institutions at Risk of Losing Out in Coming Wealth Transfer appeared first on The Financial Brand.

Millennials 37

Millennials Tools Branding Fintech 37

PYMNTS

DECEMBER 28, 2018

“Unless we sort this out as a payments financial services ecosystem, we’ll be talking about things a lot more serious than a bunch of consumers feeling stressed out about paying their bills, but [about] managing to pay them somehow, some way, even if they’re late in paying them,” Webster said. Resetting Mortgage Services.

Millennials 145

Millennials Lending System Data 145

PYMNTS

JUNE 22, 2017

trillion , representing about one-fifth of all managed investments. Recognizing a market for socially responsible financial tools, digital-first bank Aspiration recently launched a new service to help conscious consumers better understand the social impact of their everyday purchases. “We The Right Tool for Millennial Shoppers?

Millennials 117

Millennials Digital Banking Survey Tools 117

PYMNTS

JANUARY 14, 2017

When used wisely, tools that provide consumers access to funds today to pay for things “over time” plays an important role in a consumer’s financial reality — not to mention fund more than their fair share of startups. About 60 percent of younger millennials think they can wipe out their debt by age 30. On The Bright Side.

Millennials 100

Millennials Data Cards Study 100

PYMNTS

DECEMBER 31, 2020

When you look at the spending graphs for millennials at that time, debit was growing at twice the speed of credit, but the average order value was much lower, which correlates with the lower disposable income in the demographic at the time,” Molnar noted. managing director at Melissa, told PYMNTS. According to J.P.

Innovation 289

Innovation Payments Trends Regulation 289

Gonzobanker

OCTOBER 7, 2019

As we listened, it occurred to us that some of the themes they covered may not be issues that are particularly visible to management teams; if they are, a re-emphasis may be called for. An important takeaway for bankers: 70% of these employees will be Millennials or younger in about five years.

Resources 79

Resources Training Millennials System 79

CB Insights

NOVEMBER 5, 2019

There are just two China-based fintech businesses valued at over $100B in the world. The second, conceivably, is Tencent’s fintech business. In May 2019, Barclays released a note estimating the value of Tencent’s fintech business at $123B, or close to a third of the company’s total market cap.

Fintech 51

Fintech social media Analysis Marketing 51

PYMNTS

APRIL 11, 2016

A roundup of new research released last week revolves around the adoption of innovation and the trend away from legacy tools. Research also uncovered gaps in how businesses interact with innovative tools depending on who’s using it — financial executive versus corporate traveler and even millennial business owner versus Baby Boomer.

Millennials 100

Millennials Software social media Cards 100

CB Insights

AUGUST 6, 2017

Fintech 250: The Tech Startups Redefining The Financial Services Industry. Wealth Tech Market Map: 90+ Companies Transforming Investment And Wealth Management. Disrupting Banking: The Fintech Startups That Are Unbundling Wells Fargo, Citi and Bank of America. FINANCIAL TECHNOLOGY. ARTIFICIAL INTELLIGENCE AND ROBOTICS.

Industry 78

Industry Marketing Fintech Software 78

PYMNTS

FEBRUARY 20, 2019

Chime plans to use Pinch’s background in credit building and management to offer its largely millennial user base the tools to help improve their credit scores and plan for major purchases. In the U.S. market, challenger bank Chime is looking to add credit services to its portfolio of solutions. About the Tracker.

Digital Banking 155

Digital Banking Millennials America Lending 155

Gonzobanker

OCTOBER 5, 2022

But consider this: Minna Technologies evaluated the mobile banking apps of 24 large banks and fintechs, identifying which of them offer 30 mobile banking features. More than a third of all Americans have more than one checking account, and among Millennials that percentage is nearing a half. SOURCE: S&P GLOBAL.

Survey 78

Survey Mobile ATM Cards 78

Gonzobanker

OCTOBER 5, 2022

But consider this: Minna Technologies evaluated the mobile banking apps of 24 large banks and fintechs, identifying which of them offer 30 mobile banking features. More than a third of all Americans have more than one checking account, and among Millennials that percentage is nearing a half. SOURCE: S&P GLOBAL.

Survey 78

Survey Mobile ATM Cards 78