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With Home Equity Lacking, Will Millennials Embrace POS Financing?

PYMNTS

In the latest staff report from the New York Federal Reserve , titled “Trends in Household Debt and Credit,” it is noted that one of the features of debt is that it can “provide access to assets.”. Against this backdrop, we find, then, that millennials do not embrace credit cards as readily as other groups of users.

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Last Roar Of The Paper Tiger?

PYMNTS

Statistical swarms of millennials and Gen Zers report never having used a paper check. That’s the picture emerging as B2B payments hustle to catch up to consumers who ran off giddily with P2P and the FinTechs. Their perception of banking, aside from ATMs, is entirely app-based – and mobile. Embarrass­­­ing, sure. The Big Gig.

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Coming of Age in the Great Recession: A Millennial Financial Perspective

CB Insights

The following is a post written by Lauren Kolodny (@LaurenKolodny), a principal at Aspect Ventures (@AspectVC), a speaker at the CB Insights Future of Fintech conference in New York. I am a millennial — a term with which only 40% of my … Continued.

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Credit Card Startup Petal Raises $300M Led By Jefferies

PYMNTS

The New York-based FinTech company Petal has announced a $300 million debt round from global investment bank Jefferies, adding to existing venture capital investments from Peter Thiel’s Valar Ventures, Rosecliff Ventures and others, the company announced in a press release on Wednesday (Sept.

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Transformation Time Bomb?

Independent Banker

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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Analyzing Stash Invest: The Millennial-Focused Investing App On Track To Reach 1 Million Users In 2 Years

CB Insights

One of the fastest-growing fintech startups in the US today is Stash Invest , or Stash. The New York-based savings and brokerage startup aims to make it easier for underserved, lower-income users to invest in the stock market.

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More Than 50% of US Credit Card Users Prefer Installments over Discounts and Free Shipping, Splitit Survey Reveals

Let's Talk Payments

Survey finds that high-income and millennial consumers have the highest credit card usage in income and age categories, and most in favor of paying in installments New York, NY—May 23,

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