Alex Jimenez

AUGUST 28, 2018

What is Fintech? Fintech is a dynamic segment at the intersection of the financial services and technology sectors where technology-focused start-ups and new market entrants innovate the products and services currently provided by the traditional financial services industry." -PwC PwC Fintech Report. Fintech Growth.

Fintech 40

Fintech Case Study Study Millennials 40

Insights on Business

FEBRUARY 13, 2019

Revamping the company’s internal structure is one of the first steps Bradesco took to achieve the goal of creating experiences that meet expectations of millennials. If it doesn’t, negative news travels fast through millennial networks. Social-based marketing. –> Explore IBM Banking and Financial Markets Solutions.

Albuquerque 152

Albuquerque Digital Banking Millennials social media 152

PYMNTS

DECEMBER 9, 2019

Statistical swarms of millennials and Gen Zers report never having used a paper check. But the situation is righting itself as dynamic market forces reshape payments. That’s the picture emerging as B2B payments hustle to catch up to consumers who ran off giddily with P2P and the FinTechs. Embarrass­­­ing, sure. The Big Gig.

Millennials 130

Millennials New York City National New York 130

PYMNTS

DECEMBER 27, 2018

Open banking, bank APIs and data sharing flourished in 2018, with small business and corporate financial services squarely in the path of this financial services trend as banks and FinTechs consider new ways to enhance business payments, accounting, treasury and financial management. Firstly, regulators driving Open Banking or Open Data (e.g.

Customer Experience 191

Customer Experience Survey Trends Data 191

Abrigo

JANUARY 13, 2020

Cross-selling to stem “hidden defections” represents huge untapped opportunities for institutions, according to a study by Bain. In a recent whitepaper , Abrigo outlined several tips for refreshing cross-selling practices and leveraging technology to address customer needs through marketing to existing customers or members.

Lending 150

Lending Study Survey Community 150

PYMNTS

JUNE 9, 2020

In the battle against digital challenger banks, credit unions (CUs) may be facing a bit of a perception/reality gap — and losing market share as a result. As the survey of more than 4,000 CU members, CU leaders and FinTech executives showed, 41.4 Especially their brick-and-mortar footprints tied to the digital branch.

Digital Banking 133

Digital Banking Millennials Lending Marketing 133

Gonzobanker

APRIL 3, 2019

It’s not a “Millennial thing.” According to a recent study by Ellie Mae, 92% of all home borrowers research online before applying. Reorganize around the entire customer buying process by consolidating sales, marketing and service, instead of organizing by departments and product lines. So what can GonzoBankers do to keep up?

social media 99

social media Exercises Millennials Training 99

PYMNTS

FEBRUARY 25, 2020

Banks and legacy financial institutions (FIs) might be wise to study what disruptive technologies recently did to the print publishing industry, taxi cabs, network TV, and a host of other businesses that were disintermediated with little to no warning in recent years. And in surveys at least, they don’t exhibit much loyalty to FIs.

Mobile 153

Mobile Cards social media Survey 153

PYMNTS

JUNE 7, 2019

As Mastercard has found in a recent study, only 25 percent of online merchants were aware of SCA requirements, and of that tally 24 percent said they have no plans to support the requirements by the deadline. In terms of readiness, that study found that only 40 percent of businesses aware of SCA felt prepared to meet its requirements.

Fintech 101

Fintech Study Online Retail 101

PYMNTS

MARCH 6, 2019

They grow faster, reach profitability sooner and generate more revenue per dollar invested than those of their male counterparts, according to a study of female-founded firms. The study reported that for every dollar of capital raised, women-run startups generated 78 cents in revenue, compared to 31 cents for men-run startups.

Regional 179

Regional Capital Study Leadership 179

PYMNTS

JULY 18, 2019

As noted in the study, larger financial institutions outpace smaller brethren when it comes to grabbing market share, largely through the competitive advantage of hefty IT budgets that get new products to market with haste. The study found that only 13.3 percent in the last study.

Innovation 155

Innovation Study Technology Millennials 155

Gonzobanker

OCTOBER 5, 2022

Bankers are obsessed with discovering the “secrets” of getting consumers to change banks, while market researchers feed that obsession with survey data that purports to reveal those secrets. More than a third of all Americans have more than one checking account, and among Millennials that percentage is nearing a half.

Survey 78

Survey Mobile ATM Cards 78

Gonzobanker

OCTOBER 5, 2022

Bankers are obsessed with discovering the “secrets” of getting consumers to change banks, while market researchers feed that obsession with survey data that purports to reveal those secrets. More than a third of all Americans have more than one checking account, and among Millennials that percentage is nearing a half.

Survey 78

Survey Mobile ATM Cards 78

Celent Banking

SEPTEMBER 9, 2015

I´ve recently had multiple conversations with financial institutions about the trend of unbundling financial services by fintech startups. Banks become a utility on the backend, essentially forced by the market to provide the necessary regulatory requirements and accounts for nonbank disruptors. They all tell a fairly similar story.

Millennials 100

Millennials Fintech Bitcoin Industry 100

PYMNTS

JANUARY 14, 2017

Evidence of that is in a new Creditcards.com study that suggests that consumers are slowly gaining confidence about becoming debt free during their lifetimes. About 60 percent of younger millennials think they can wipe out their debt by age 30. And using credit wisely, it seems, is on the uptick. On The Bright Side.

Millennials 100

Millennials Data Cards Study 100

CB Insights

AUGUST 2, 2018

One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. get the 86-page fintech report.

Cards 71

Cards Fintech UX Strategy 71

PYMNTS

SEPTEMBER 18, 2018

The rise of FinTech offers a bit of a prism through which to view those events. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Much has been said about the wealth effect of those who held and hold stock market securities, and much has been written about income disparity.

Lending 148

Lending Innovation Fintech Cards 148

PYMNTS

JUNE 24, 2019

According to the tracker, there was a 24 percent year-over-year increase in same-day ACH payment volume between Q1 2018 and Q1 2019, and the global real-time payments market is projected to increase by a 30.6 And past studies have shown that many (85 percent) gig workers say they would do more work if they were compensated faster. “Gig

Payments 162

Payments System Millennials Community Bank 162

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. The physical role is diminishing, e.g. Roberto added that the branch is his marketing investment, but it is still important. Banca in Italy, says that they get 2.5

Millennials 208

Millennials Conference Mobile Case Study 208

Insights on Business

APRIL 13, 2017

Further, 33% of Millennials are only willing to wait 1 – 3 minutes to get a desired response, 52% have hung up on a customer service call, and 56% of Millennials have switched from one company to another because of underwhelming customer service. Multiply that by an average cost of about $1.00

Millennials 131

Millennials Training Study System 131

PYMNTS

FEBRUARY 23, 2017

Millions of millennials have joined the gig economy, and according to Hyperwallet CEO Brent Warrington, they’re motivated by a desire for freedom and flexibility. It appears there are more millennial gig workers than there are millennials in the regular workforce. BW : I think it’s a combination of both.

Millennials 116

Millennials San Francisco United States US 116

Insights on Business

FEBRUARY 7, 2019

Unfortunately, many retirees are entering this new phase of their lives unsure about their financial future with no guidance on how to plan for it: Only one-third of retirees say they are very confident that they have enough for a comfortable life, according to the 2018 Retirement Confidence Study from the Employee Benefit Research Institute.

Technology 102

Technology Study Security Management 102

PYMNTS

FEBRUARY 27, 2019

Millennial consumers probably wouldn’t be so generous. For that reason, Edwards believes cards will likely remain in the pole position for a long time, but that the market for disbursements needs to think beyond cards, to what’s in consumers’ virtual wallets, such as PayPal, Apple Pay and Zelle. on a scale of 100.

US 134

US Cards Millennials Payments 134

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

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

FICO

FEBRUARY 5, 2021

FICO recently worked with Cornerstone Advisors to commission a study on the emergence of “shadow banking" providers – fintech startups, large technology companies, merchants, and others. Venture capital investors are pouring billions of dollars into fintech startups. The Emergence of Shadow Financial Lives. How to Respond?

Millennials 52

Millennials social media Fintech Examples 52

Insights on Business

APRIL 13, 2017

Further, 33% of Millennials are only willing to wait 1 – 3 minutes to get a desired response, 52% have hung up on a customer service call, and 56% of Millennials have switched from one company to another because of underwhelming customer service. Multiply that by an average cost of about $1.00

Millennials 93

Millennials Training Study System 93

PYMNTS

OCTOBER 29, 2018

In fact, according to our recent study, they come in dead last. There’s a big available market with a lot of room to grow that pie – after all, Amazon “only” has about 50 percent of the online commerce market , and the U.S. FinTechs … and the Banks They Wanted to Disrupt.

Payments 196

Payments Google Apple Innovation 196

PYMNTS

APRIL 22, 2016

Other investors included Rakuten FinTech Fund, Greycroft Partners and e.ventures. Particularly favored as a potential marriage that makes sense is a pairing of Acorns with Venmo, since they share a target audience of millennials with a mobile-friendly outlook. But then, Acorns has only been “growing” for 20 months.

San Jose 100

San Jose Mobile Retail Survey 100

Jeff For Banks

MAY 31, 2017

I read a recent interview of Members 1st Credit Union CEO Bob Marquette by S&P Global Market Intelligence (link requires subscription). Clearly he is not attending FinTech conferences. I sometimes quip that FinTech prognosticators are like futurists. The red: millennials. Yet both live on. Don't click on those links!

Branch Strategies 60

Branch Strategies DC Groups Fintech 60

CB Insights

FEBRUARY 1, 2019

Consider that: Half of Indonesia’s population is under the age of 30, with the number of millennials (aged 17-35) in Indonesia currently at 79.5M. By 2050, Indonesia is projected to have the third largest middle class among emerging markets. GET THE 106-PAGE FINTECH TRENDS REPORT. The platform recorded 63.7M

Policies 61

Policies Lending Operations Examples 61

Tech and Finance

JULY 13, 2016

Retail Banking Customer Satisfaction Study from J.D. While regulators and politicians may be concerned with the big banks getting bigger, market forces will continue to favor the big banks as long as they do a better job serving their customers. Too Big to Fail or Too Small to Complete?

Regional 28

Regional Mobile Millennials Study 28

BankBazaar

FEBRUARY 17, 2020

Our Chief Marketing Officer, Aparna Mahesh was recently in conversation with the Hindu Business Line to talk about the recent shift in the narrative of marketing and how brands are coping with it. ?. Millennials and GenZ are demanding and quite unforgiving. This is another big challenge for marketers. Aparna says….

Marketing 78

Marketing Branding Millennials Video 78

Gonzobanker

NOVEMBER 16, 2023

Banking leaders looking for the next wave of growth need to think differently about marketing to half the population. Traditional financial institutions that want to compete with fintech disruptors like Chime and X (formerly known as Twitter) need to up their social media game. Demographically, half of the U.S. Take a look at Chime.

social media 97

social media Marketing Millennials Trends 97

FICO

FEBRUARY 12, 2023

That said, customers have increasingly high standards and you only have a short amount of time to impress them (especially Millennials). Ensure agility for your business so you can adapt to the speed of the market – or faster. People want to master their financial lives and they want engaging content that teaches them how.

Digital Banking 52

Digital Banking eBook Analytics Customer Experience 52

Fintech Labs Insights

DECEMBER 2, 2015

Matt Flake, president and CEO of Q2, said the “strategic” acquisition will help its customers “expand their reach, grow market share, and engage account holders.” The virtual banking solution provider announced today that it will acquire fellow Finvoate alum Social Money for $10.6

Iowa 12

Iowa Austin Millennials Community Bank 12

PYMNTS

NOVEMBER 18, 2019

Smart, because if successful, these accounts could become the cornerstone for the everyday app ecosystem that every Big Tech and FinTech player has its sights set on developing – which WeChat and Alipay have already created with great success in China. The results of several PYMNTS studies over the last year seem to support this idea.

Google 177

Google Study Payments Branding 177