PYMNTS

DECEMBER 11, 2020

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.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

NOVEMBER 21, 2017

They’re a result of the Competition and Markets Authority (CMA) inquiry, which found a serious lack of innovation in the nation’s banking sector — especially when it comes to small- and medium-sized business (SMB) services. A separate survey conducted by U.K. As the U.K. ’” said Gorst.

Fintech 115

Fintech Millennials Meeting Innovation 115

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

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

NCR

JUNE 29, 2016

Coming of age during the last recession and being subjected to the barrage of headlines about financial executives misbehaving, many Millennials are distrustful of established financial brands and institutions. are in the bottom 10 of the least loved brands by Millennials. are in the bottom 10 of the least loved brands by Millennials.

Millennials 45

Millennials social media User Experience Branding 45

PYMNTS

OCTOBER 24, 2019

London-based FinTech firm Revolut partnered with Visa to roll out a multi-currency travel debit card in Singapore, Visa said in a press release on Wednesday (Oct. A YouGov survey commissioned by Visa showed that people in Singapore are open to the idea of using neobanks and want a debit product. Launching in the U.S.

Cards 112

Cards Millennials Survey Fintech 112

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. Market share, asset size and third-party surveys are some of the more common approaches.

St. Louis 130

St. Louis Missouri Survey Kansas 130

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. Sadly, bankers are barking up the wrong tree, and most surveys do little to help those bankers understand consumers’ real behaviors and attitudes.

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. Sadly, bankers are barking up the wrong tree, and most surveys do little to help those bankers understand consumers’ real behaviors and attitudes.

Survey 78

Survey Mobile ATM Cards 78

PYMNTS

SEPTEMBER 18, 2018

The changes that tech-savvy workers have imposed on their employers’ travel and expense (T&E) policies and strategies go beyond adoption of expense management FinTech solutions, too. The Pew Research Center found millennials are already the largest generation group in the U.S. “The T&E market is at a turning point.”

Millennials 138

Millennials Management Technology Innovation 138

NCR

NOVEMBER 9, 2017

For example, 59 percent of millennials have made a peer-to-peer (P2P) digital payment via a mobile device, compared with just 34 per cent of adults across all age groups. In addition, 37 percent of millennials said they would like to use biometrics in tandem with a banking app, compared with just 31 per cent of adults overall.

Millennials 40

Millennials Mobile Maine Survey 40

PYMNTS

FEBRUARY 25, 2020

For the purposes of the February 2020 Building A Better App report, PYMNTS asked survey respondents to build the perfect card — spend controls, instant credit, a multiplicity of card controls — just name it. The highest interest is among “bridge millennials” whose card spend averages $40,000 annually. Follow the Smart(phone) Crowd.

Mobile 153

Mobile Cards social media Survey 153

PYMNTS

DECEMBER 9, 2019

That’s particularly shocking because surveys now place around 73 percent of B2B decision-makers between the ages of 23 and 38 – and nearly 30 percent of people in this age range have never seen the inside of a bank. Statistical swarms of millennials and Gen Zers report never having used a paper check. Embarrass­­­ing, sure.

Millennials 130

Millennials New York City National New York 130

PYMNTS

MARCH 2, 2020

We’ve all heard that millennials, for example, think of bank branches as a vestiges of another century with little relevance to their financial lives. Even millennials, who heavily lean on remote banking, still visit physical bank locations for more complex functions like loan applications” monthly. Is that what people really want?

ATM 191

ATM Millennials Retail Video 191

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

Abrigo

JANUARY 13, 2020

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.

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

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 22, 2017

Nearly a third of consumers today make purchases from brands that reflect their social and environmental values, according to a recent survey. Aspiration markets itself as a digital-first financial firm that helps socially minded customers make a positive impact through products that make money and a difference at the same time.

Millennials 117

Millennials Digital Banking Survey Tools 117

BankBazaar

JULY 1, 2019

Given the emergence of Indian millennials as a key target group for every marketer, we recommended a specific focus on this target group in client’s communication. We launched a category-first Millennial Aspiration Index representing the target group’s aspirations. The award is in recognition of BankBazaar Aspiration Index 2018.

social media 60

social media Millennials Conference Groups 60

CB Insights

MARCH 14, 2018

Sudden volatility has shaken the markets and the state of wealth management. 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. Further, impact investing is a growing part of the wealth management market.

Millennials 53

Millennials Trends Management Company 53

PYMNTS

MARCH 3, 2020

Even millennials , who heavily lean on remote banking, still visit physical bank locations for more complex functions, such as loan applications. This gap represents a significant segment of the banking market that could be captured with personalized banking services.

ATM 151

ATM Fraud Study Regional 151

PYMNTS

MAY 13, 2017

Pew’s latest data indicates that more millennials are finishing college only to move back home, and once they’re in, they tend to stay around longer than their older siblings or parents did. Millennials Moving Home. And the number is on the rise within the millennial cohort — 12 percent of millennials were living at home in 2010.

Millennials 101

Millennials Survey Data Report 101

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

OCTOBER 5, 2017

The fight for dominance in the person-to-person (P2P) payments market has escalated over the past few weeks, with banks and credit unions rolling out a new service to help them compete with newer FinTech companies. Selling Parents (And Their Millennial Kids) on P2P. billion during the first half of 2017. The Standalone Strategy.

Millennials 100

Millennials social media Survey Payments 100

PYMNTS

JULY 18, 2016

92% of mid-market firms (and 80% of small ones) say growth is their top priority , according to the latest report from American Express. The firm’s Business Growth Pulse survey concluded that, while many companies prioritize growth, only 7 percent of small businesses (with fewer than 100 employees) actually expect that growth to occur.

Survey 100

Survey Technology Management Millennials 100

PYMNTS

APRIL 2, 2018

The entrance of non-bank FinTechs and alternative lenders, too, is adding new pressures on traditional FIs to up their digital games. According to a recent survey from the Boston Consulting Group (BCG), profits among the world’s corporate banking institutions is significantly declining – but digitization could halt that trend.

blockchain 171

blockchain Lending User Experience Mobile 171

PYMNTS

MAY 1, 2020

A digital-loving millennial, John, searches our website to find the type of account he wants and chooses to open it online,” Vas Nunes said. “As When members first join, and as they complete various transactions with us or open a new product, we have the capabilities to survey them based on their experience,” Vas Nunes said. “We

Arizona 159

Arizona Security Cards Phoenix 159

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. In the survey we’ve conducted, this emerged as a big priority.

Millennials 116

Millennials San Francisco United States US 116

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

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

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. The survey results reveal that PayPal converts online buyers 87.5

San Jose 100

San Jose Mobile Retail Survey 100

PYMNTS

FEBRUARY 27, 2019

Millennial consumers probably wouldn’t be so generous. Roughly 84 percent of consumers surveyed prefer the debit card to a mobile phone number or email alias. There might be one word that consumers would use to describe the state of disbursements in early 2019: mediocre. on a scale of 100. What consumers don’t want is the paper check.

US 134

US Cards Millennials Payments 134

Gonzobanker

JULY 31, 2017

What’s ironic is that not long ago, PayPal was listed as the most popular mobile wallet among Millennials. Even PayPal execs laughed at this (in their offices), knowing that they didn’t even have a mobile wallet offering at the time of the survey. Fintech startups are offering tools and technologies to help answer those questions.

Samsung 70

Samsung Apple Mobile Online 70

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

William Mills

APRIL 20, 2017

JPMorgan Chase, Ellie Mae, USAA, and Quicken Loans were part of a panel discussion on their perspectives about fintech. Wilson interviewed 200 women leaders and surveyed more than 3,000 male and female managers from varied industries. appeared first on Financial PR and Marketing Agency & Financial Public Relations.

blockchain 46

blockchain Detroit Conference Knowledge Base 46

Jeff For Banks

MAY 31, 2017

Look at the surveys. 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.

Branch Strategies 60

Branch Strategies DC Groups Fintech 60