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NEW REPORT: Millennials Raise Credit Unions’ Innovation Bar

PYMNTS

In a landscape that’s fast evolving to match the needs of tech-savvy customers, credit unions are innovating to compete with larger commercial banks and FinTech firms to attract and retain customers. The National Council of Firefighter Credit Unions (NCOFCU) agreed to work with web design firm OMNICOMMANDER. You can’t be afraid of it.

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Digital Banking, With Millennial, Mobile – And Governmental – Tailwinds

PYMNTS

As many as 72 percent of bridge millennials say mobile apps are important for accessing bank accounts. In addition, passporting can help companies expand services across nations. And in Australia, the financial regulator earlier this week granted a new digital banking license to “online-only firm” Xinja Bank.

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DoorDash, Airbnb IPOs; BNPL Trends; Pet Fraud Top This Week's News

PYMNTS

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
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Step Aside, Millennials — Why Fintechs Are Targeting Baby Boomers & Retirees

CB Insights

Fintech is often associated with digital tools targeted at tech-savvy millennials. But there is a growing market of fintech companies serving the unique financial needs of Baby Boomers and older retirees — and for good reason. Fintech services for seniors are targeting a range of sub-categories. Source: Capital One.

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As UK Readies For Open Banking, FinTechs Struggle With SMB Awareness

PYMNTS

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. has its own Open Banking initiatives coming into force in 2018, too. As the U.K. ’” said Gorst.

Fintech 115
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How A Bank And A FinTechs Are Jointly Cracking The Code On Financial Inclusion

PYMNTS

The favored narrative about banks and FinTech startups is generally not a love story. Whereas FinTechs are undoubtedly newer and faster – risen from the digital age to put banks out of business – they aren’t always able to take deposits or keep some of those associated warranties. Usually, it is more of an all-out war story.

Fintech 198
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SoFi Sees Investor Accounts Double Thanks To Fractional Shares

PYMNTS

CEO Anthony Noto told CNBC’s “Squawk on the Street” that the FinTech company’s investing platform has seen a significant uptick in user numbers since January. The company said the account is secure and offers rewards for savers with higher interest relative to the national average of transactional accounts. It will be available to U.S.

Samsung 131