Abrigo

JANUARY 13, 2020

Having the right technology can play an important role in cross-selling CFI customers or members. In 2020, a top focus for community financial institutions is new customer acquisition, according to the BAI Banking Outlook: Trends in 2020 survey. Cross-selling: An efficient growth investment. Book profitable loans more quickly.

Lending 150

Lending Study Survey Community 150

PYMNTS

AUGUST 17, 2017

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. A separate survey from management consulting firm Bain & Co. It has also meant working in anticipation of the changing needs of millennial users.

Millennials 132

Millennials Digital Banking San Francisco Fintech 132

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

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. Meanwhile, 35 percent of 18 to 34-year-olds said they would rather make P2P payments using biometric technology, whereas the national average was just 30 per cent.

Millennials 40

Millennials Mobile Maine Survey 40

PYMNTS

FEBRUARY 25, 2020

Banks and legacy financial institutions (FIs) might be wise to study what disruptive technologies recently did to the print publishing industry, taxi cabs, network TV, and a host of other businesses that were disintermediated with little to no warning in recent years. And in surveys at least, they don’t exhibit much loyalty to FIs.

Mobile 153

Mobile Cards social media Survey 153

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

MARCH 13, 2017

As banking becomes more digital, more financial institutions are turning to technological solutions to bring more customers on board. Several banks are rolling out banking solutions that are specifically focused on winning over millennial customers as they come of age and join the marketplace as adults. In the U.K., About the Tracker.

Report 149

Report Digital Banking Millennials Tools 149

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

PYMNTS

SEPTEMBER 16, 2019

In the payments ecosystem, we need look no further than the bridge millennial for how the connected purchasing experience will evolve over the next decade. Bridge millennials own slightly more devices than the average consumer in our study: six devices compared to the roughly five that most consumers own. This group of 60 million U.S.

Millennials 222

Millennials Study Course Trends 222

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. Banks looking to make the most out of these rare visits must use the latest technologies. Digital-first transformations come with their share of trials, however.

ATM 151

ATM Fraud Study Regional 151

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. Conservative Approach, Rooted in the Great Depression. For its part, St.

Millennials 101

Millennials US New Hampshire Resources 101

Insights on Business

JUNE 14, 2017

Pressures stem from a myriad of sources: competition from fintechs; unrelenting regulatory environment; associated costs of compliance (or non-compliance!); increasingly sophisticated security threats; and, most recently, shifting customer expectations driven in large part by millennials. Millennials are a fastidious breed.

Marketing 156

Marketing social media Millennials Customer Experience 156

PYMNTS

JUNE 9, 2020

As the survey of more than 4,000 CU members, CU leaders and FinTech executives showed, 41.4 That ability has allowed challenger banks and FinTechs to grow their market share in personal lending by 760 percent over the past five years, while CUs have seen their total market share slip 30 percent in the space over the same period.

Digital Banking 133

Digital Banking Millennials Lending Marketing 133

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

JULY 18, 2016

However, when it comes to embracing innovation, some companies are hesitant to put adoption of technology at the top of their to-do lists. 90% of CFOs rely on their relationships with the bank when seeking advice on short-term investments, found the 2016 AFP Liquidity Survey , underwritten by State Street Global Advisors.

Survey 100

Survey Technology Management Millennials 100

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.

Millennials 100

Millennials social media Survey Payments 100

PYMNTS

SEPTEMBER 18, 2018

The rise of FinTech offers a bit of a prism through which to view those events. The World Economic Forum (WEF) has noted that half the world’s population is under 30, and a 2017 survey has found that the traditional financial services model – aka the banks – has no real place in the younger generations’ hearts. Behind the Numbers .

Lending 148

Lending Innovation Fintech Cards 148

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

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

William Mills

APRIL 20, 2017

This year’s National Technology in Mortgage Banking Conference & Expo took place March 26-29 at the Hyatt Regency in Chicago. There was a good deal of buzz around blockchain technology and tech showcases of the industry’s latest technology entrants, and the overall vibe of the show was a positive one.

blockchain 46

blockchain Detroit Conference Knowledge Base 46

Filene

MAY 18, 2017

Stay up-to-date on details for next year's colloquium at the Center for Emerging Technology. Filene's Center for Emerging Technology hosted their first annual colloquium on the hype around financial technology. Fintech Trends and Startups panel with: Sujit Bob Chakravorti , FinTech Advisor and Payment System Strategist.

CA 28

CA cryptocurrency Analytics Fintech 28

PYMNTS

SEPTEMBER 6, 2016

That’s the backdrop for the nearly hour-long conversation that Karen Webster had about the role of payments security in digital business transformation with CA Technologies Director of Payments Security James Jenkins. Of course, it’s not just the FinTech industry and tech-savvy millennials who are fueling digital change.

Security 100

Security CA Payments Big Data 100

NCR

OCTOBER 3, 2017

While some still consider it to be a case of setting the cat among the pigeons in their workforce optimization, many forward-thinking companies are investing in AI-powered technologies such as virtual chat assistants. Don’t be outdone by the new kids on the block. At the heart of this innovation is the banking and financial services sector.

Millennials 40

Millennials Customer Experience Meeting Innovation 40

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

Tech and Finance

JULY 13, 2016

Power noted that for the first time ever the largest six banks had taken the lead in customer satisfaction, largely through better customer-facing technology. The big banks ranked better across multiple segments, including the coveted millennials, emerging affluents, and minorities. The big banks’ advantage in technology is not new.

Regional 28

Regional Mobile Millennials Study 28

NCR

MARCH 16, 2016

In fact, more than three-quarters of banks already have them, according to an online survey Apteligent conducted in December. Look at the millennials, who are the future, after all. billion to “fintech” startups in 2015, more than doubling the 2014 amount of $6.7 In fact, venture capitalists gave $13.8 It found that 38.7

Mobile 40

Mobile San Francisco ATM Millennials 40

Jeff For Banks

MAY 31, 2017

Look at the surveys. Clearly he is not attending FinTech conferences. I sometimes quip that FinTech prognosticators are like futurists. The red: millennials. And you will lose very few deposits by closing them, particularly if you have a branch nearby and good online banking technology. Are branches dead?

Branch Strategies 60

Branch Strategies DC Groups Fintech 60

PYMNTS

MAY 30, 2016

We talk to nearly 700 SMBs every quarter to get their views on payments and technology adoption. What we learn is that familiarity does not always breed contempt — checks are still a well-trodden way to make a payment — but that new technologies are starting to make some headway. Are SMBs Ready For EMV? Get all of the details here.

Trends 100

Trends Retail Fraud Mobile 100

William Mills

FEBRUARY 4, 2016

No-cost report chronicles emerging technologies and insights driving financial institution technology plans. Leading industry analysts, banking consultants and financial technology professionals share commentary as well as insights on trends for the year. Download the full report here. bankers will likely purchase in 2016.

Report 40

Report Big Data Analytics Strategy 40

Fintech Labs Insights

OCTOBER 24, 2016

The facial recognition technology combines with Netverify’s Face Match and ID verification functionality to provide financial services companies, banks, and other businesses with a greater ability to prevent digital fraud. .

Millennials 12

Millennials Survey Customer Experience Fraud 12

Abrigo

DECEMBER 15, 2016

In the 2015 Growth Strategy Survey by Bank Director , the most commonly cited areas for growth were Commercial Real Estate Lending, C&I loans, SBA loans, and Construction loans. This is compounded by the growing trend of Millennial small business owners. This was especially true for young start up firms in high growth stages.

Lending 150

Lending Millennials Study Survey 150

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.

Retail 110

Retail social media Fintech Study 110

CB Insights

DECEMBER 7, 2017

FINTECH TRENDS Q3 2017 RESEARCH BRIEFING. Fintech deals and funding are on track to reach record highs in 2017. In this analysis, we examine what mortgage tech is, what its impact will be on incumbent players and fintechs, and the key drivers creating a big opportunity in mortgages now. What is mortgage tech? Mortgage Tech.

Millennials 69

Millennials Lending United States Technology 69

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.

Millennials 78

Millennials Industry Branding social media 78

FICO

JANUARY 19, 2018

Through their own innovations and an overall advancement in technology, online retailers attracted customers away from legacy retailers with a wide variety of choices, low prices, and high convenience. The financial and retail sectors both have emerging competitors who are more technologically sophisticated than the incumbents.

Analytics 45

Analytics Millennials Retail Data 45

CB Insights

JUNE 17, 2020

From healthcare to education to entertainment to manufacturing, technology innovators are stepping forward to help answer that question. In some cases, the technological changes inspired by Covid-19 will come in the form of an acceleration of existing trends — for example, industrial automation and contactless payments. Teletherapy.

Industry 101

Industry Technology Online Video 101