PYMNTS

NOVEMBER 6, 2019

Gen X and baby boomer consumers demonstrate some different P2P payment uses than millennials, with many using these services to quickly send money as graduation or birthday gifts and to children in college to pay for textbooks, Brandon said.

Millennials 107

Millennials Payments Cards Survey 107

PYMNTS

JUNE 16, 2016

A lot of fuss is made over millennials and their proclivities toward things being easy. So, when it comes to something like digital banking , it’s not so much about finding what’s easy as it is about finding what service best meets millennials’ needs. Millennials to big banks: No thanks ….

Millennials 100

Millennials Mobile Digital Banking US 100

PYMNTS

DECEMBER 3, 2019

Also, Visa is working with four global finance firms to help FinTechs issue plastic as well as digital payments. Amazon Launches Voice Transcription Tool For Doctors. Amazon Web Services (AWS) is rolling out a voice transcription tool for doctors at its re:Invent conference. operations. operations.

Fintech 132

Fintech Colorado Payments Operations 132

PYMNTS

SEPTEMBER 23, 2020

Trading FinTech Robinhood Markets Inc. The new funding is an outcropping of the Series G round unveiled in August for the firm, which is said to have helped millennials become interested in trading. has grown the size of its newest investment round to $660 million, Fox Business reported, citing a representative from the firm.

Arizona 178

Arizona Customer Experience Texas Millennials 178

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. One of the biggest lessons would perhaps come as a surprise to many in the SMB FinTech space.

Millennials 168

Millennials User Experience Alabama Tools 168

Bank Innovation

JUNE 28, 2018

Bento for Business wants to provide its customers with money management tools combined with banking solutions, similar to the personal financial management app for millennials, MoneyLion, according to company CEO Farhan Ahmad. For the task, San Francisco-based Bento raised $9 million in a new round of funding today.

San Francisco 170

San Francisco Millennials Tools Management 170

FICO

AUGUST 19, 2022

Tackling the Fintech Threat: A Guide for Banks and Credit Unions. What financial institutions need to compete with fintech threat disrupters. As FinTech funding rises to new record levels – $131.5 According to a 2022 report by Cornerstone Advisors , the percentage of Gen Z, Millennial, and Gen X consumers in the U.S.

Fintech 52

Fintech Millennials Lending Tools 52

PYMNTS

JANUARY 25, 2021

Consumers who do not qualify for credit cards or become reluctant to use those tools may see BNPL plans as a convenient alternative method for deferring payments. Consumers frequently used BNPL to buy clothing, with that merchandise category claiming 71 percent of transactions made with the financing tool.

Payments 185

Payments Tools Retail Cards 185

PYMNTS

JULY 1, 2020

The details are offered in Building a Better App: Banks and the Innovation Imperative Report , a collaboration between PYMNTS and Ondot Systems, the Silicon Valley-based FinTech. The rate rises to 60 percent among bridge millennials, those between the ages of 30 and 40. . The results?

Survey 183

Survey Cards Millennials ATM 183

PYMNTS

APRIL 8, 2019

The latest estimates from the Small Business Administration (SBA) peg the number of new SMBs at 414,000 each year, spurring job creation and economic growth for the country, with millennial entrepreneurs at the helm. Yet, cloud accounting has also emerged as a valuable tool in the ultimate exit of a small business, too.

Strategy 279

Strategy Millennials Data Online 279

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. It has also meant working in anticipation of the changing needs of millennial users. Among the participating FinTechs are Payso, SnapCheck and Token.

Millennials 132

Millennials Digital Banking San Francisco Fintech 132

PYMNTS

MAY 6, 2016

Canada-based Bench stands as this week’s sole B2B FinTech company that secured venture capital this week. With millennials increasingly taking over the small business ownership population, Crosby added that the demand for digital bookkeeping tools, combined with an increase in independent contractors, makes for a fruitful market.

Fintech 100

Fintech San Francisco Capital Big Data 100

PYMNTS

DECEMBER 9, 2019

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.

Millennials 130

Millennials New York City National New York 130

PYMNTS

SEPTEMBER 24, 2020

24) announced a $50 million Series D investment round and the purchase of two companies: Inspyrus, a Silicon Valley FinTech that specializes in AP, and Regal Software, the Atlanta-based provider of B2B disbursement software. Trading FinTech Robinhood Markets Inc. Trading FinTech Robinhood Markets Inc. MineralTree Inc.,

Company 137

Company Payments Atlanta Massachusetts 137

PYMNTS

MARCH 13, 2017

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. Some millennial-focused banking solutions include financial tools to help users manage their money and meet their financial goals. In the U.K.,

Report 149

Report Digital Banking Millennials Tools 149

PYMNTS

OCTOBER 23, 2020

Morgan Chase is banking on QuickAccept to edge out FinTech rivals Square and PayPal. JPMorgan Chase is banking on QuickAccept to edge out FinTech competitors PayPal and Square. Suppliers that want to reach business customers internationally need the appropriate plans and tools implement to handle different concerns.

Apple 149

Apple Maine Millennials Bitcoin 149

PYMNTS

JULY 25, 2019

In the July Digital Banking Tracker , PYMNTS examines how banks are using tools like artificial intelligence (AI) and automation to both fight against fraud and better engage customers. legacy banks and FinTech startups alike. The FinTech is South Africa’s first fully digital bank. including German bank N26. About the Tracker.

Digital Banking 176

Digital Banking Innovation Fraud United States 176

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 24, 2019

Legacy banks are similarly at work, with one major FI seeking to beat out FinTech competition by offering same-day access to credit card deposits. Millennials no longer rule the mobile services space. Find these and all the rest of the latest headlines in the Tracker. Meeting Older Generations’ Rising Demands for Mobile P2P.

Mobile 246

Mobile Payments Apple Millennials 246

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

JANUARY 17, 2017

And for that reason, credit bureaus, financial institutions and even eCommerce sites find they must look elsewhere for verifiable data or risk overlooking good but “thin-filed” consumers, including millennials. This leaves many without the “creditworthy” data that makes “thin files” thick.

Millennials 100

Millennials Data Fraud social media 100

PYMNTS

JUNE 21, 2017

Whether it’s in-app tools that offer advice on monthly spending, new services to help parents teach their kids about money management or a publicity campaign aimed at raising public awareness of the threats posed by cyber fraud, the financial sector is making consumer education a priority. Building smarter, more informed consumers.

Report 131

Report Digital Banking Millennials Fraud 131

CB Insights

MARCH 14, 2018

Millennials stand to inherit approximately $30T from their parents, the baby boomers, in the coming decades, and both upstarts and advisors are vying for a piece of the pie. Using CB Insights’ trends tool, we see that the term impact investing has been on the rise in the media for the past few years. What’s at stake? Wealth Tech.

Millennials 53

Millennials Trends Management Company 53

The Financial Brand

JULY 1, 2020

If not offered the right digital tools, Millennials and Gen Z will put the funds in fintechs that compete with banks and credit unions. The post Financial Institutions at Risk of Losing Out in Coming Wealth Transfer appeared first on The Financial Brand.

Millennials 38

Millennials Tools Branding Fintech 38

PYMNTS

AUGUST 4, 2017

The report included several recommendations for banks, FinTechs and other financial services players — guidelines to establish an industry-driven framework for governing the system and encourage further research and investment in emerging financial technologies. Millennials Moving Into And Up In The Business World.

Community Bank 116

Community Bank Community Innovation Millennials 116

PYMNTS

JANUARY 29, 2020

Their traditional banking rivals are now supplemented by young, agile FinTechs that advertise the most advanced technology and much greater efficiency than their legacy counterparts, meaning that CUs must lean into their strengths to get ahead. Credit unions (CUs) face fierce competition in the financial industry. There’s No “I” in CU.

St. Louis 130

St. Louis Missouri Survey Kansas 130

PYMNTS

MAY 29, 2020

FIs Or FinTechs: Who Will Power Banking’s Big Digital Shift? Consumers expect secure and fast access to digital tools. Millennials Are Facing Their Second ‘Once-in-a-Lifetime’ Financial Crash . FinTechs Help Main Street Find Its Footing. What Legacy FIs Miss About The Need For Cloud-Based Infrastructure.

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

JUNE 22, 2017

Recognizing a market for socially responsible financial tools, digital-first bank Aspiration recently launched a new service to help conscious consumers better understand the social impact of their everyday purchases. The Right Tool for Millennial Shoppers? As of early 2016, SRIs had spiked a third to $8.72

Millennials 117

Millennials Digital Banking Survey Tools 117

PYMNTS

APRIL 18, 2017

From selfie authentication to finance tools that respond to emojis to computer-generated avatars that look and act like real people, new technological tools are giving digital banking a makeover. Banking Gets New Tools, New Players. About the Tracker.

Report 110

Report Digital Banking Tools Technology 110

PYMNTS

FEBRUARY 25, 2020

As the report states, “We … find that a significant share of consumers are willing to bank with the institutions — financial or otherwise — that offer them the best spending and money management tools.”. The highest interest is among “bridge millennials” whose card spend averages $40,000 annually. Mobile Cards: Make or Break?

Mobile 153

Mobile Cards social media Survey 153

PYMNTS

JANUARY 14, 2017

When used wisely, tools that provide consumers access to funds today to pay for things “over time” plays an important role in a consumer’s financial reality — not to mention fund more than their fair share of startups. About 60 percent of younger millennials think they can wipe out their debt by age 30. On The Bright Side.

Millennials 100

Millennials Data Cards Study 100

The Financial Brand

AUGUST 31, 2016

With more Millennials going cashless, paperless and branchless, financial institutions must master marketing fintech tools to them.

Millennials 20

Millennials Marketing Digital Banking Tools 20

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. One such obstacle is the growing competitive threat from FinTechs, which often specialize in the technologies that FIs are trying to implement.

ATM 151

ATM Fraud Study Regional 151

PYMNTS

DECEMBER 28, 2018

The rising rates have not only made debt more expensive, but they have been a weight on loan growth across both bank and FinTech lending platforms in the back half of the year. Those older millennials between the ages of 30 and 40 have earning power, are well-educated and are settling into more stable careers.

Millennials 145

Millennials Lending System Data 145

PYMNTS

AUGUST 21, 2020

FinTech players are also grabbing deposits. For instance, millennials and other younger consumers are increasingly drifting away from community banks and credit unions because they expect a high level of digital services. Lesher said such tools can reduce scam transactions to just 1.3 Square announced $1.3

Cards 224

Cards Mobile Community Bank Community 224

PYMNTS

OCTOBER 30, 2019

Not only is that payments deal being extended, but the two businesses will create and roll out a FinTech accelerator. . These two developments foreshadow future changes to come in 2020s for retail and FinTech, Senior Vice President of Walmart Services and Digital Acceleration Daniel Eckert told Karen Webster shortly before the news broke.

Analytics 101

Analytics Study Payments Fintech 101

PYMNTS

MARCH 12, 2019

The digital bank is designed to target millennial consumers who are more comfortable using digital services, and comes equipped with live chat features to support digitally native conversations. Thailand’s United Overseas Bank , for one, is opening a fully digital brand this year called TMRW. About the Tracker.

Digital Banking 209

Digital Banking Fraud United States Security 209