Remove Fintech Remove Millennials Remove Online Remove Video
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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. It’s not just online experiences that are getting upgrades. Embracing Tech Change to Win Over Millennials.

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The Pandemic’s Push For The FI/FinTech ‘Win-Win’

PYMNTS

Necessity being the mother of invention, consumers rapidly reset their lives around digital across the board — from working to shopping to learning to managing their financial lives online. That number climbs to 38 percent among baby boomers, 74 percent for Generation Xers and 85 percent for millennials and Generation Z consumers.

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Investors Say FinTech Valuations Are High, But Not Overheated

PYMNTS

The mobile device has become the primary instrument of communication, agreed panelists, and increasingly users — especially younger consumers in the Millennial demographic — will use those devices to conduct daily financial life. That trend has pushed FinTechs and FIs to craft more direct financial interactions with consumers.

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Digital-First Banking Branches Out

PYMNTS

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. Turns out that’s inaccurate.

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Seeking Banking Balance Between Physical And Digital

PYMNTS

According to a recent CNBC interview with Anthony Jenkins, former CEO of Barclays, bank branches will be as “common as a Blockbuster video store in a few years’ time.”. A recent report from SurveyMonkey , a cloud-based survey development company, found that 80 percent of millennials said they want the option to visit a bank branch in person.

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How Can Banks Thrive in the Next Five Years?

Jeff For Banks

And products started migrating online. Then came this bubble generation they named millennials. Staying indoors playing video games. Ever call your millennial child only to get a text back asking "what?" There is a fintech firm, SoFi, that was born in 2011, that focuses on millennials financial needs.

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How Banks Can Stay More Connected Like Amazon

Gonzobanker

It’s not a “Millennial thing.” According to a recent study by Ellie Mae, 92% of all home borrowers research online before applying. Consider fintech partnerships that offer digital delivery. Most of the time, self-service on-demand is more convenient because it’s on the customer’s terms. So what can GonzoBankers do to keep up?