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Focus: New-To-Credit Millennials, Credit-Rating Systems & Borrowing Credit

BankBazaar

Owing much to the changes in banking trends and the emergence of fintech companies, millennials across India have become open to the idea of borrowing credit. It can safely be said that Credit Cards and loans are slowly becoming part and parcel of a millennial’s spending culture. Building awareness among millennials.

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Watson Marketing Delivers a Competitive Edge that Financial Institutions can Bank On

Insights on Business

Pressures stem from a myriad of sources: competition from fintechs; unrelenting regulatory environment; associated costs of compliance (or non-compliance!); increasingly sophisticated security threats; and, most recently, shifting customer expectations driven in large part by millennials. Millennials are a fastidious breed.

Marketing 156
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Top News In Payments: Wells Fargo Appoints COO; Visa Names New Partners To Help FinTechs

PYMNTS

Also, Visa is working with four global finance firms to help FinTechs issue plastic as well as digital payments. New Visa Alliances Help FinTechs Launch Payments Solutions. Visa is working with four global finance firms to help FinTechs issue plastic as well as digital payments. operations. operations. he asked. “I

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Challenger Banks Raise Record Funds To Take On Traditional FIs

PYMNTS

The $2 billion was raised in 55 rounds of funding through July 31, with customers depositing more than $30 million, the FT said, referring to a report released by search firm CB Insights. They’re also coming into wealth for the first time,” she said, regarding millennials. . banking startups hold bank charters, the U.S.

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FinTech Is Flourishing South Of The Border

PYMNTS

Before we jump into the post, here are a few quick facts about Mexico and its tech scene: The country of Mexico has roughly 121 million people and is often referred as the “most populous country in LAT” due to its large population and economy. Mexico’s GDP is $1,144 billion, while the current GDP per capita is $9,517.

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Longevity Lessons From The Oldest US Credit Union

PYMNTS

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.

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Challenges for the neo-challengers: Four hurdles to overcome

Accenture

An obvious reason is the inroads they’re making into the market, both domestically and globally: recent Accenture research finds that digital-only banks operating in the UK could amass a total of 35 million customers globally within the next 12 months, up from 13 million today. Why the intense interest in the neo-challengers? Profitability.