PYMNTS

DECEMBER 2, 2019

In today’s top payments news, millennials — as well as bridge millennials — were big Black Friday spenders this year. And Silicon Valley’s Figure Technologies has closed or is near closing $103 million in a Series C funding round. SoFi Founder Mike Cagney Notches Near-$103M For New FinTech.

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PYMNTS

OCTOBER 21, 2018

JPMorgan Chase is doubling down with its FinTech aspirations, gearing up to start development of a new FinTech corporate campus in the early part of 2019. JPMorgan Chief Executive Jamie Dimon views technology as a way to keep back the competition from FinTech startups that are luring over millennial customers in droves.

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Fintech Fraud Millennials California 194

PYMNTS

APRIL 30, 2019

Investing on the part of venture capitalists in financial technology startups — otherwise known as FinTechs — declined during the first quarter of 2019, with China feeling the most pain. In the first quarter of 2018 venture funding going toward FinTechs stood at $6.2 It has a valuation of $2.7

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Fintech Millennials Regional Financial Technology 176

PYMNTS

SEPTEMBER 15, 2020

That number climbs to 38 percent among baby boomers, 74 percent for Generation Xers and 85 percent for millennials and Generation Z consumers. Kikkeri said that’s why FIs must consider how to leverage their FinTech partnerships and push to market the digital services that customers have become habituated to in the past six months.

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Fintech Idaho Apple Google 224

BankInovation

SEPTEMBER 24, 2021

It was a diverse week for investment in fintech automations, headlined by the largest-ever funding round targeting AI-driven tech from Asia. investors threw their support behind an intelligent document processing technology firm and an altruistic startup aiming to help millennials and others progress toward homeownership.

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Fintech Millennials Groups Technology 98

Bank Innovation

AUGUST 10, 2016

It’s not just millennial customers banks are adjusting to today — it’s millennial employees.

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Millennials Strategy Technology Online 150

Abrigo

JUNE 14, 2017

Many banks and credit unions have found a path to growth via partnerships with fintechs. Technology partners offer much more than just software to banks; a fintech partnership provides delivery channels, convenience, corporate governance , advisory services, and industry data. Are customers requesting new products?

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Fintech Software Lending Millennials 170

PYMNTS

SEPTEMBER 19, 2019

Australian consumer FinTech company Douugh is kicking off its visual “Savings Jar” feature as it widens the availability of its artificial intelligence (AI)-assisted bank account with a Mastercard debit card, Mastercard said in a press release on Thursday (Sept. million-plus millennials in the country. . Accelerate 2.0

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Fintech Millennials Cards America 148

PYMNTS

DECEMBER 6, 2019

We have a deep dive into Colorado’s digital driver’s license effort and news on Alphabet’s new CEO, as well as data on millennial Black Friday spending. New Visa Alliances Help FinTechs Launch Payments Solutions. Visa is working with four global finance firms to help FinTechs issue digital and plastic payments. Top News

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PYMNTS

SEPTEMBER 11, 2019

The push toward digital banking seems an inexorable one, with the technology and demographics acting as tailwinds, and where governments have increasingly gotten into the act of promoting digital banks (the pure-play kind) and making forays into bits and bytes, where once paper and face-to-face transactions reigned. Kill the check.

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Digital Banking Millennials Mobile Regulation 160

PYMNTS

MAY 15, 2018

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. Embracing Tech Change to Win Over Millennials. We embrace technology and I think our members have, too,” DeBoer said.

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Millennials Innovation Report Mobile 110

CB Insights

JULY 25, 2019

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.

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Millennials Fintech Tools Fraud 73

BankBazaar

AUGUST 7, 2019

Owing much to the changes in banking trends and the emergence of fintech companies, millennials across India have become open to the idea of borrowing credit. It can safely be said that Credit Cards and loans are slowly becoming part and parcel of a millennial’s spending culture. Building awareness among millennials.

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Millennials System Lending Trends 60

Bussman Advisory

AUGUST 13, 2021

The latest edition of the FinTech Ecosystem Newsletter is here : The post China’s digital yuan pilot tally reaches $5.3B | Why millennials & gen-Zs are jumping on the buy now, pay later trend | Companies Going Public in 2021 appeared first on Bussmann Advisory AG.

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PYMNTS

JUNE 15, 2016

When you talk to the co-founder and CEO of a mobile-first digital bank account offering, you are likely to hear that millennials, to put it lightly, are not fond of big banks. Whether it’s Chime or other apps, millennials are increasingly turning to their mobile devices to keep track of their financial health.

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PYMNTS

DECEMBER 19, 2019

Bangalore-based FinTech ZestMoney has raised $15 million in a Series B funding round led by Goldman Sachs and existing investors Naspers, Quona Capital, and Omidyar Network, TechCrunch reported on Thursday (Dec. ZestMoney was founded in 2015 by Chapman, Priya Sharma and Ashish Anantharaman in 2015.

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Fintech Millennials Online Lending 130

Bank Innovation

JUNE 30, 2017

Millennials out there are often caught between two big decisions: do they buy a home, or do they keep buying sweet, delicious avocado toast? Luckily for the potential millennial homebuyer, fintech lender SoFi has found a way to merge these two completely exclusive purchases: a SoFi mortgage now comes with avocado toast.

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Millennials Fintech Lending Online 240

PYMNTS

OCTOBER 22, 2020

Beyond the investment vehicles themselves, the secular and organic trends do indeed point toward growth, with an underpinning of technology that is moving companies into the digital age. That trend has pushed FinTechs and FIs to craft more direct financial interactions with consumers. Challenges .

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Fintech Capital Innovation Data 169

Bank Innovation

MAY 25, 2017

Focus on products in the fintech industry is over the top, and, as a result, the majority of consumers struggle to find financial products that address their immediate needs. This was the overarching sentiment from panelists during the MorningStar Fintech Forum yesterday.

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Fintech Innovation Industry Millennials 281

PYMNTS

DECEMBER 3, 2019

Also, Visa is working with four global finance firms to help FinTechs issue plastic as well as digital payments. New Visa Alliances Help FinTechs Launch Payments Solutions. Visa is working with four global finance firms to help FinTechs issue plastic as well as digital payments. operations. operations.

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NCR

JUNE 29, 2016

Coming of age during the last recession and being subjected to the barrage of headlines about financial executives misbehaving, many Millennials are distrustful of established financial brands and institutions. are in the bottom 10 of the least loved brands by Millennials. are in the bottom 10 of the least loved brands by Millennials.

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Millennials social media User Experience Branding 45

Payments Source

OCTOBER 11, 2016

Millennials are experts at navigating social media and messaging apps, but they could use some help when it comes to managing their money, concluded the U.K. fintech team behind Plum, a new app aiming to bridge this chasm.

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Millennials social media Fintech Management 60

PYMNTS

SEPTEMBER 15, 2017

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.

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PYMNTS

SEPTEMBER 18, 2018

The changes that tech-savvy workers have imposed on their employers’ travel and expense (T&E) policies and strategies go beyond adoption of expense management FinTech solutions, too. “Technology and demographic changes are transforming business travel.

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Millennials Management Technology Innovation 138

NCR

MAY 9, 2017

The expansion of new fintech apps started a trend of eroding revenue and profits from banks and credit unions, generating a sense of competition with app developers. But technology innovators and financial institutions have worked together for generations. Technology has been changing the world since we invented agriculture.

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ABA Community Banking

MARCH 15, 2017

Sale of millennial friendly BankMobile opens up Customers to breaching the $10 billion threshold Management Technology M&A Fintech.

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Millennials Innovation Fintech Management 40

PYMNTS

APRIL 22, 2016

And that could be good news for FinTech firms or, rather, the folks who start them up and steer them into the arms of large-pocketed suitors. FinTech companies have been doing a good job of eating into banks’ turf, and yet it is the banks that are seemingly watching without really acting as quickly as they might or should.

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Fintech Survey Trends Strategy 100

PYMNTS

APRIL 16, 2019

Mastercard has moved into point-of-sale financing with the acquisition of Vyze, a FinTech firm the payment card network calls an “an end-to-end platform that facilitates financing options for merchants’ customers at checkout.”. As well, Bankrate has estimated that roughly 33 percent of millennials have cards.

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PYMNTS

MARCH 17, 2020

Small businesses, particularly those launched by younger entrepreneurs, are often assumed to be a key driver of B2B FinTech innovation as business owners seek sophisticated, automated technologies to run their businesses. SMBs’ Technology Challenge. “They have a hard time using online banking.

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Millennials User Experience Alabama Tools 168

PYMNTS

OCTOBER 17, 2019

Lemon Way’s technology, strong partnerships and differentiated expertise give the company a head start.”. This funding round will help us improve our technological platform and finance our geographical expansion,” said Damien Guermonprez, executive chairman of Lemon Way. that caters to millennials.

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Fintech Capital Millennials US 100

William Mills

APRIL 5, 2016

The Association for Financial Technology (AFT) held its 2016 Spring Summit Meeting in Orlando, Florida this year, and both Kelly Williams and I made the trip to learn more about what’s happening right now in the banking industry as well as what trends to expect in the future. Millennials make up 80 million people in the U.S.

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Millennials Meeting Trends Florida 40

The Financial Brand

SEPTEMBER 8, 2020

Wealthfront founder, Andy Rachleff, reveals strategies that will continue to evolve to enable them to serve the needs of Millennials with investable assets. The post Wealthfront: A Digital Solution In The Battle For Millennial Deposits appeared first on The Financial Brand.

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Millennials Strategy Branding Digital Banking 43

PYMNTS

JANUARY 9, 2020

Battle For Millennials. Millennials and Gen Z want to travel, and they’re willing to spend more to do it. As travelers become increasingly digital savvy, the industry is expected to accommodate sophisticated payment technologies. Hundreds Of FinTechs Move From UK To EU Ahead Of Brexit. Airbnb: How To Win The $1.4T

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PYMNTS

JULY 25, 2019

Banks need to innovate faster and further when it comes to the technology they use on their online platforms, as to stay one step ahead of bad actors with access to the same technology. The Tracker also examines how these technologies are beginning to be used in new markets like South Africa and India.

Digital Banking 176

Digital Banking Innovation Fraud United States 176

Insights on Business

FEBRUARY 7, 2019

Now, advances in technology are finally enabling them to plan for the retirement that they want by automating a critical part of financial planning: wealth decumulation. Robo-advisors have already unlocked billions in value in the wealth accumulation market, serving millennial users who were similarly left out in the cold.

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Technology Study Security Management 102

PYMNTS

JULY 3, 2019

Our ambition with Joko is to build a strong brand, a product used by millions of people that retailers reward on a daily basis, by putting technology at the service of the user experience,” said Xavier Starkloff, Joko CEO and co-founder, according to EU-Startups.

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Cards Fintech Retail User Experience 135

PYMNTS

FEBRUARY 26, 2019

According to a report in Fintech Futures , HSBC started the beta test with 15 retailers in Hong Kong. In the early part of 2017, HSBC announced the new payment app, geared toward millennials in Hong Kong who also wanted social media built in. HSBC, the U.K. They can now accept payments from customers that use HSBC’s eWallet.

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social media Millennials Fintech Retail 178