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Seeking Banking Balance Between Physical And Digital

PYMNTS

With more consumers moving to mobile transactions over visits to branches, some banks are considering closing brick-and-mortar locations to reduce operational costs. 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.

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Game on: Investment app Invstr uses Fantasy Finance to build young user base

Bank Innovation

Stock trading app Invstr‘s gamified approach to investing is helping it reel in millennial and Gen Z customers. The next generation of stock traders could be coming into the world of investing by way of gaming.

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How A Digital Makeover Could Be Key To CUs’ Member Acquisition Plans

PYMNTS

Competition for customers — especially millennials — from larger banks and FIs has long required credit unions to keep pace with their more innovative counterparts. This often means providing digital solutions and convenient banking options despite smaller technology and innovation budgets, however.

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Game on: Investment app Invstr uses Fantasy Finance to build young user base

Bank Innovation

Stock trading app Invstr‘s gamified approach to investing is helping it reel in millennial and Gen Z customers. The next generation of stock traders could be coming into the world of investing by way of gaming.

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In Banking Innovation, Eyeing The Needs Of The ‘Digital Native’

PYMNTS

As millennials rise through the ranks and within the ranks, we see the rise of what he termed “digital natives.”. In exploration of just who those natives might be, he explained, “These are the kids that actually have been born with a mobile device in their hand. That bifurcation comes, said DeRosa, as demographics shift. and beyond.

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Sustaining Digital Banking Channels’ Explosive Growth in 2021

The Financial Brand

Financial institutions that want to stay in the game need to offer solid basic services before they get fancy. The post Sustaining Digital Banking Channels’ Explosive Growth in 2021 appeared first on The Financial Brand.

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Is Challenger Bank Chime the Future of Retail Banking?

The Financial Brand

The Chime juggernaut received a rocket boost from COVID's impact on consumers. What bankers must know about this tech-powered 'alt bank.'. The post Is Challenger Bank Chime the Future of Retail Banking? appeared first on The Financial Brand.

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