PYMNTS

AUGUST 17, 2017

With more consumers moving to mobile transactions over visits to branches, some banks are considering closing brick-and-mortar locations to reduce operational costs. 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.

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Millennials Digital Banking San Francisco Fintech 132

South State Correspondent

MAY 2, 2022

For example, instead of creating a more appealing lending product and targeting a niche customer segment for a high return on investment growth number, marketing takes an existing product and tries to amplify it with email, digital or social media marketing. However, it was its use of emojis that created the growth loop.

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social media Management Marketing Resources 195

Payments Source

JANUARY 23, 2018

Few fees, automated savings and social media engagement all reel in the 23- to 37-year-old set and present a competitive threat to big, traditional banks, according to CEO Chris Britt.

social media 62

social media Millennials Technology Fintech 62

Gonzobanker

APRIL 3, 2019

If consumers can get constant access to services and purchase through their computers, mobile devices and smart home technology, it follows that they would expect a similar level of connectivity (for service, advice and purchases) from their financial institutions. It’s not a “Millennial thing.”

social media 108

social media Exercises Millennials Training 108

Bank Innovation

JANUARY 30, 2019

s robust marketing strategy for its retail bank has paid off, as the bank today reported that half of its new retail customers were millennials. Of Ally Financial’s 230,000 new retail deposit customers via its retail side, Ally Bank, 126,500 were millennials, according to bank’s earnings report released today. Ally Financial Inc.’s

Retail 170

Retail Millennials Marketing Strategies Strategy 170

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.

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Millennials San Francisco Bitcoin cryptocurrency 70

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. Zelle claims its service has the potential to reach 86 million consumers using participating banks’ mobile apps.

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Millennials social media Survey Payments 100

PYMNTS

JANUARY 17, 2017

And for that reason, credit bureaus, financial institutions and even eCommerce sites find they must look elsewhere for verifiable data or risk overlooking good but “thin-filed” consumers, including millennials. People give out their mobile numbers right and left, so everyone knows it. This is the conundrum,” Ayers admitted.

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Millennials Data Fraud social media 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

Bank Innovation

OCTOBER 22, 2018

Thanks to a large unbanked population and growing importance of the millennial customer, the digital-first bank business model is spreading not just in developed economies but also emerging markets like those in Asia.

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Report Millennials Community Marketing 150

Insights on Business

JANUARY 31, 2019

Enhancements start with mobile app-based personalization such as social currency, rewards programs, and probably most importantly, streamlined service that lets you get your beverage faster than ever before. Can long-established banks fend off competition from fintech startups in their conquest capturing this mindset?

Payments 107

Payments Fraud San Francisco social media 107

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.

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Fintech social media Analysis Marketing 51

Insights on Business

APRIL 28, 2017

Recently, new digital technologies – driven by cloud, mobile, social media and analytics – have significantly lowered entry barriers and put customers much more at the center of the banking relationship. Traditionally, banking was a conservative industry with relatively high barriers to entry.

Digital Banking 171

Digital Banking User Experience Branding social media 171

Fintech Labs Insights

JANUARY 15, 2016

Available only via mobile app, imaginBank is a new initiative by Spanish bank, Caixabank targeting millennials. CaixaBank CEO Gonzalo Gortázar said the new mobile-only bank was part of a “commitment to providing new services that perfectly complement the more traditional banking model.” CaixaBank serves 2.9

Millennials 12

Millennials Mobile social media ATM 12

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. The report – Americans’ Shadow Financial Lives: The Mobile Apps Banks Don’t Know They Use – found that U.S. I’m extremely proud of her!

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Millennials social media Fintech Examples 52

ZootBlog

NOVEMBER 11, 2015

There are several ways for banks to elevate their game—fintech houses, neobanks, alternative lenders, in-bank labs. Fintech Houses. Americans expect trust, transparency, and accessibility in their banking services and fintech houses are serving customers in that way.

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Innovation Fintech social media Knowledge Base 60

PYMNTS

OCTOBER 29, 2018

And as more inventory shifts to the mobile devices that don’t drive the same conversion numbers for Google as desktop does, analysts worry that the slowdown – and the revenue losses that come with it – could continue. FinTechs … and the Banks They Wanted to Disrupt. Apple … and the iPhone Customer.

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Payments Google Apple Innovation 196

Fintech Labs Insights

OCTOBER 30, 2016

Deloitte recently asked what we should make of “regtech” in a new report titled, “RegTech is the new FinTech: How agile regulatory technology is helping firms better understand and manage their risks.” Compared to “insurtech” – regtech firms have been prominent players in the fintech firmament for years. ” Indeed.

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blockchain Trends Fintech social media 12

American Banker

JUNE 24, 2016

Digital tools improve a bank's traditional sales process, but relationship-based banking is still a huge factor in winning over millennial customers.

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Digital Strategies Strategy Millennials Tools 53

William Mills

MAY 11, 2016

As well as texting OTP to mobile phone when purchasing items. From Website: brandCrowder is a mobile, web-based “equity” crowdfunding platform. Then demo goes to mobile app where you can see investment ideas, recommendations, etc. Presenting a programmable cloud – a fintech platform. ^KT. Plus the 1% rewards. ^KT.

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Video Mobile social media Analytics 40

William Mills

MAY 11, 2016

Showing mobile application, very easy to view, PayPal and other interfaces. 01:15 pm 10 Reasons Why Fintech Startups Fail. Download our latest white paper that discusses what it really takes to develop a successful Fintech startup. Andreas Baumhof (Chief Technology Officer) and Dean Weinert (Director, Mobile Products).

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Video Lending social media Analytics 40

Banking 2020

MARCH 26, 2015

Furthermore, the CFPB is expected to give clear guidelines on using SMS, email, and social media in debt collections. A clear rule from the CFPB, no matter how restrictive the guidelines may be, means an open race to using digital media and its advantages: real time communication, 24/7 availability, data feedback and more.

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Industry Guidelines social media Technology 40

PYMNTS

OCTOBER 30, 2019

Not only is that payments deal being extended — a sign of how FinTech is starting to play ever more closely with retail — but the two businesses will create and launch a FinTech accelerator. The next big thing in retail is the integration of FinTech and retail tech,” he said. “In Retail FinTech Trends. Omnichannel Power.

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Retail social media Fintech Study 110

Fintech Labs Insights

OCTOBER 31, 2016

Artificial intelligence (AI) is not new to fintech, but in the past two years we’ve seen a jump in the sophistication and scale of its use across the industry. In a Fintech Trending post earlier this month, we highlighted Capital One’s live integration and Lloyd Bank’s proof of concept with Amazon’s Alexa. In the U.S.,

America 12

America Millennials Mobile social media 12

Gonzobanker

DECEMBER 22, 2015

No one has been more successful at using social media to generate awareness and a positive image for their bank than Jill (@JillCastilla, @CitizensEdmond). Jill’s use of Twitter is a model for any bank CEO looking to engage on social media. July 2015: MCX announces its CurrentC mobile app is weeks away from launch.

Community Bank 60

Community Bank Apple Community Technology 60

William Mills

SEPTEMBER 7, 2016

Demoing – Bills for T-mobile – Brought in balance and due date. Provides mobile banking to banks and credit unions. Their API is already integrated in a few core systems and other fintech necessitates. Showing mobile “pay with points” which I think is browser-based on the mobile phone. This happens a LOT.

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Mobile Cards Fraud Data 40

PYMNTS

APRIL 11, 2016

Reports find differences in the adoption of IT hardware versus software, mobile devices and virtual cards. 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.

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Millennials social media Software Cards 100

Fintech Labs Insights

MAY 4, 2016

Instead, he refers to the impact of the smartphone on personal finance (“only 40% of the world had access to banking before mobile” he points out) and talks about the transformative power of innovations like 3D printing in medicine and meta-materials in energy. Consider his take on privacy.

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San Jose social media Comparison Technology 12

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.

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Millennials Industry Branding social media 78

Fintech Labs Insights

SEPTEMBER 25, 2016

Is it fair to judge a fintech conference based on the way it reflects, anticipates, and even uncovers what’s most important in the field? We think so – and we were once again impressed by the way FinovateFall this month helped spread the story of fintech in the second half of 2016. Security: Short and Sweet.

blockchain 12

blockchain Trends Fintech Cards 12

CB Insights

OCTOBER 10, 2017

Ninety-two million millennials will soon be in what Goldman Sachs calls their “prime spending years.” Bankrate found 83% of millennials don’t think they’ll ever retire: they simply “don’t think they’ll have the money” to do so.). How Level Money designed itself specifically for a mobile-first experience.

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Tools Millennials US Maine 78

CB Insights

JUNE 17, 2020

For example, supply chain automation startup Fetch Robotics , which provides autonomous mobile robots to warehouses, saw a 63% increase in inbound requests from February to March 2020. Understanding the need to meet consumers where they are, many retailers have embraced chatbots as part of broader social media engagement strategies.

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Industry Technology Online Video 101

PYMNTS

JULY 29, 2016

Not having such a good week, other than Apple, were FinTech IPOs. Millennials. If you’re a millennial, the FinTech world is literally beating a path to your front door. PayPal and Visa’s partnership includes real-time access to funds that millennials “Venmo” to each other if there’s a Visa debit card involved.

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Apple Millennials Mobile Fintech 100