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Varo drops goals feature from app, citing low user uptake

Bank Innovation

In a sea of sameness among digital-only banks, Varo is taking a bold move in pulling the plug on a feature that millennials supposedly hold dear: goals-based savings envelopes. ” […].

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New Products, New Retailers: Affirm is on a Roll

Bank Innovation

The San Francisco-based company, has made numerous strides, from issuing its millionth loan to expanding its retail partnerships; from preparing to launch new products in the fall to moving into a permanent office space. This has been a good year for Affirm, the lending startup established by PayPal co-founder Max Levchin.

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PNB Paribas is banking on environmental responsibility movement

BankInovation

Eighty-five percent of Americans and 95% of millennials say they are interested in sustainable investment, according to Arnaud Auger, vice president of BNP Paribas and the deputy head of the innovation lab of BNP Paribas in San Francisco. The majority of Americans want to invest in environmental sustainability.

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Enticing Millennials With Experiences Using ?Neighborhood Goods?

PYMNTS

The old model of opening a retail store with merchandise as a main focus of the space may not appeal to today’s consumers – millennials in particular. Cities such as Plano hold promise for retail, for example, as they are fast-growing locations with many employers. This generation values experiences, not just tangible goods.

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Bank of the West Adds ATMs for Young Customers on the Move

Bank Innovation

Millennials, actually. The San Francisco-based bank said it has tripled the number of cash access locations for its customers in Denver, to 151, and nearly quadrupled the number of those locations […]. One target?

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Retail Pulse: IKEA To Open ‘Planning Studio’ In NYC; Pizza Hut Will Acquire QuikOrder

PYMNTS

Big retailers are opening smaller-format stores in major U.S. Already, the retailer has opened a Planning Studio across the pond in London in October. In the announcement, IKEA Retail U.S. As it stands, Amazon Go stores in Seattle, Chicago and San Francisco use the cashierless technology. restaurants.

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Shifting The Used Car Market Into Overdrive

PYMNTS

It’s hard to imagine that there’s so much technology and innovation happening up and down the mobility spectrum except for in this market — and it’s a $1.4 Shift has also innovated on the automotive finance side. Shift says its biggest demographic groups are millennials and GenXers (or an age range of 25 to 45).

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