PYMNTS

AUGUST 10, 2020

Checks and bank account deposits can take several days to settle yet continue to serve as the main disbursement method. Interest in these new technologies is particularly high among tech-savvy consumers, such as bridge millennials (consumers between the ages of 32 to 41) and millennials (consumers aged 24 to 39).

Report 228

Report Payments Millennials Cards 228

PYMNTS

JULY 31, 2017

That’s bad news for some of the largest FIs, despite a recent uptick in small business lending activity. The statistic, the report said, also suggests that small businesses are in need of cutting-edge solutions and are eager to adopt innovative services as more small business owners emerge from the millennial generation.

Survey 112

Survey Community Bank Community Regional 112

PYMNTS

APRIL 2, 2018

It’s not only for consumers, though: Alternative lending firm Kabbage recently found that mobile lending is on the rise among small businesses, with a more than 360 percent increase in the number of SMB loans accessed via mobile device between April 2014 and February 2018.

blockchain 171

blockchain Lending User Experience Mobile 171

PYMNTS

JULY 4, 2016

75% of millennial small business owners in the U.S. A new report from Wells Fargo found that about two-thirds of millennial SME owners agree that some business debt is necessary for expansion. and other western governments that prevent banks from lending. months, according to data from May.

Puerto Rico 100

Puerto Rico Millennials National Lending 100

PYMNTS

FEBRUARY 20, 2018

Late payments and out-and-out defaults and charge-offs are on the rise across a few lending segments. A fair portion of that interest rate, according to the Fed, was an uptick in mortgage lending. The trouble in the auto lending segment is a story of the subprime borrower — something that seems to be getting worse.

Lending 105

Lending Cards America New York 105

PYMNTS

JULY 6, 2018

Marketplaces such as Glamping Hub see that glamping is popular with two segments in particular: baby boomers and millennials. Another segment, millennials, are looking for unique destinations that can lend themselves to Instagram and other social media channels. The Great Outdoors.

Millennials 100

Millennials social media Comparison Maine 100

PYMNTS

APRIL 5, 2019

“There is a strong incentive, given the amount of lending regulation, to design products that look as though they don’t fall within the category of loans,” Anne Fleming, a professor at Georgetown University Law Center and author of the book “ City of Debtors: A Century of Fringe Finance ,” told the Post.

Regulation 100

Regulation New York Lending Capital 100

PYMNTS

FEBRUARY 19, 2020

Kivanc Onan, head of B2B North America Financial Products for Alibaba , explained how features like lending services can help sellers get paid up front, while delivery guarantees that buyers feel more comfortable. Deep Dive: Keeping Online B2B Shopping Safe And Simple.

Mobile 197

Mobile Online Payments Tools 197

BankBazaar

JUNE 3, 2020

Considered to be a more nimble version of old-fashioned banking, neo-banks appeal to a more digital-savvy generation like millennials. One thing to note here is that neo-banks follow the same regulations as their sponsor banks in terms of KYC account opening or lending. Its services include accounts, credits and payments.

Regulation 127

Regulation Cards Millennials Maine 127

South State Correspondent

MAY 2, 2022

Instead of thinking about how you can grow customers, the commercial lending team often thinks about increasing loans. A large national bank is recently infamous for introducing a millennial targeted mobile account that failed mainly because the branch didn’t get credit for account openings. Funnels Create Strategic Confusion.

social media 195

social media Management Marketing Resources 195

PYMNTS

FEBRUARY 20, 2019

While they were once seen as novelties, challenger banking institutions are further encroaching into traditional banks’ territory, adding new responsibilities and products to their portfolios, such as lending. In the U.S. market, challenger bank Chime is looking to add credit services to its portfolio of solutions.

Digital Banking 155

Digital Banking Millennials America Lending 155

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. But millennials face significant headwinds in making those financial dreams a reality. get the REPORT on next generation investors. From big banks to big tech.

Millennials 77

Millennials Mobile Lending Cards 77

PYMNTS

AUGUST 14, 2019

Instant lending is the largest monetizable transaction type with Venmo, said management, and the remainder is split between Venmo Card and Pay with Venmo. Although the Zelle-Venmo competition is probably the main event for now, it’s not the only action taking place in the world of P2P payments. Zelle Trends. Larger P2P World.

Payments 124

Payments Trends Cards Comparison 124

PYMNTS

SEPTEMBER 25, 2019

The millennial customer wins because they have an opportunity to access the credit resources they need, while the lender wins because they aren’t turning away good business. The main challenge in using academic data for predictive purposes in the past, Amir said, has been in actually accessing the data. The Path Forward.

Data 122

Data Resources Cards Security 122

PYMNTS

JUNE 12, 2017

Gobble’s main mission is to give back the time that busy working couples and families would have spent in the kitchen so they can reinvest that time in the things they really want to be doing, like playing with the kids, catching up with their other half or relaxing after work with a glass of wine.

Idaho 118

Idaho Leadership Operations Nevada 118

PYMNTS

DECEMBER 19, 2016

While they enjoy many FinTech innovations, most millennials don’t have a snowball’s chance of earning more than their parents — ever. It’s one thing for the millennial offspring of the billionaire hedge-fund scions to fall short of making a billion because they only manage to pull down $760 million a year. It’s a fact. population.

Millennials 100

Millennials Fintech Cards Groups 100

PYMNTS

JULY 15, 2016

Lending Club Algorithms . It is truly not our intention to call out Lending Club week after week in this column as a fizzle. But as someone said just the other day about Lending Club, just when you think there are no more shoes to drop, more shoes drop – and that there will always be more shoes. Really, since when?).

Retail 100

Retail FDIC Bitcoin Lending 100

PYMNTS

JULY 21, 2017

Levchin also noted that Affirm’s team of data scientists have developed a very efficient risk management engine that lends to people who can actually pay, including those who are good risks but who have been locked out of the credit markets by relying on outdated scoring models. We actually get on the phone and talk to people,” Levchin said.

Retail 111

Retail San Francisco Cards Conference 111

PYMNTS

NOVEMBER 14, 2017

Online consumer lending – in a variety of forms – has grown explosively over the last decade. Its team of economists takes a rather dim view of the online lending space and the ways in which it recruits and handles its customers – and believes that additional regulation is needed to rein in some of the excesses their research uncovered.

Study 101

Study Lending Cleveland Online 101

PYMNTS

OCTOBER 26, 2017

In reality, it’s more like a slightly dysfunctional group of spenders who may be living paycheck-to-paycheck, deep in a financial hole or simply too wary to participate in the credit game — like college-indebted millennials. Perhaps unsurprisingly, those with higher incomes and education levels had the fewest concerns.

How To 122

How To Survey Lending Millennials 122

PYMNTS

JULY 17, 2016

A product of its times, fast fashion tapped into its millennial core audience’s two favorite things: saving money and novelty. On face the fast fashion concept is backed by two such fundamentally good ideas that it seemed only natural that it would it would become the shape of things to come in clothing retail.

Retail 100

Retail New York Millennials Branding 100

PYMNTS

MARCH 9, 2020

That finding is also relatively consistent across income and demographic profiles, even for bridge millennials (the largely affluent 30- to 40-year-old crowd) and Gen Z respondents. Bridge millennials are the most likely to play the banking services field, doing business with national banks as well as digital and online banks.

How To 232

How To Millennials ATM Fintech 232

PYMNTS

JULY 23, 2018

Or are the 27 percent of the population — those high-income Bridge Millennials and Gen X-ers with college degrees who are steps away from financial catastrophe — happy, even if they do report feeling more positive about the stability of their financial situation than they did this time a year ago? Are the more than a third of U.S.

Cards 122

Cards Groups Report US 122

Independent Banker

OCTOBER 29, 2014

A consensus says that the future banking customer relationships—particularly for millennial consumers—will orbit to one degree or another around mobile technology. Of course, then there is the ever-present coming generational shift as millions of technology-loving millennials—and those even younger than them—come of age.

Mobile 105

Mobile Community Bank Community Technology 105

PYMNTS

APRIL 11, 2016

Over the years, outdoor bazaars became main streets which morphed into malls and now online marketplaces where sellers and buyers meet to do business. Venmo is a massively successful P2P platform that has become a verb with millennials who wish to pay each other after a trip or a night out.

San Francisco 100

San Francisco Operations Examples Branding 100

Tefkin

JUNE 3, 2014

Lendingclub has provided attractive returns to individual investors who would never have had the possibility to directly invest in consumer lending with the necessary diversification. Other assets classes are also opening up and proving competitive. Realtymogul opens up direct access to large real estate investments.

Industry 42

Industry Management Innovation Analysis 42

PYMNTS

NOVEMBER 13, 2019

percent) of online gaming subscribers fall into the Gen Z demographic, followed by millennials (39.0 percent) and bridge millennials (37.6 Streaming subscribers are concentrated among millennials (82.9 percent) and bridge millennials (82.4 For consumer retail product subscriptions, millennials (25.9

Retail 105

Retail Millennials Online Survey 105

PYMNTS

NOVEMBER 13, 2019

percent) of online gaming subscribers fall into the Gen Z demographic, followed by millennials (39.0 percent) and bridge millennials (37.6 Streaming subscribers are concentrated among millennials (82.9 percent) and bridge millennials (82.4 For consumer retail product subscriptions, millennials (25.9

Retail 100

Retail Millennials Online Survey 100

PYMNTS

JUNE 27, 2019

The installment lending playing field just got more interesting — and global — today (June 27). Installment lending at the POS just isn’t available. In Canada, 41 percent of cardholders surveyed said they would consider using installment payments on purchases of $500 or more. However, in the U.S., the situation is somewhat different.

Lending 188

Lending User Experience Cards Fintech 188

PYMNTS

MAY 1, 2018

This situation is out of step with how consumers, particularly millennial consumers, are used to delivery of services of all kinds, Kang said. Though the platform was designed for customers who have bills to pay, Kang told PYMNTS, as of today, it mostly appeals to millennials, and is particularly strong with female customers.

Payments 116

Payments Millennials Innovation Management 116

PYMNTS

OCTOBER 30, 2019

When asked which app consumers first look at when they wake up in the morning, it was either a social media app like Facebook (or Instagram if they are millennials) or text/email to organize and plan their days. In fact, in June 2019, a PYMNTS study of 1,037 U.S. Those apps, however, largely compartmentalize access to everyday activities.

Retail 110

Retail social media Fintech Study 110

PYMNTS

JULY 1, 2016

It’s really getting that expertise of learning how to communicate with your audience, whether it’s millennials or a more mature audience, and using that correctly. video streaming, lending Kindle books, and of course you still have the one-click offerings as well. two days in the U.S.,

Branding 106

Branding social media Examples Google 106

CB Insights

OCTOBER 10, 2017

Ninety-two million millennials will soon be in what Goldman Sachs calls their “prime spending years.” Bankrate found 83% of millennials don’t think they’ll ever retire: they simply “don’t think they’ll have the money” to do so.). In aggregate, they command $1.3 trillion in annual spending. in impressions.

Tools 78

Tools Millennials US Maine 78

PYMNTS

NOVEMBER 15, 2017

Today, more than a century later, that credit union is still operational and is now focused on serving a new type of member: millennials. The new service is called Lending 360 and helps members by quickly completing the underwriting process and disbursing funds to borrower accounts. News from the credit union market.

Trends 130

Trends New Hampshire Phoenix Millennials 130

PYMNTS

DECEMBER 11, 2017

That might not be a crazy assumption: Reports from Nielsen reveal that television viewership by that demographic has declined more than 40 percent since 2010 and is off 11 percent year over year for the older half of millennials aged 25 to 34.

Millennials 109

Millennials Video Maine Operations 109

PYMNTS

MARCH 24, 2017

The Main Street storefront: Growing so rapidly, one must wonder if there are enough hammers, nails and plaster to keep up. M&A in alt lending: In an industry that is not doing all that well in terms of investor sentiment and getting the gimlet eye of regulators, what’s alternative lending to do? Sizzle .

Bitcoin 100

Bitcoin Maine Retail Lending 100

PYMNTS

APRIL 6, 2016

In terms of more targeted offerings, banks that are looking to reach the 35-and-older demographic, for example, are integrating a large amount of lending functionality, while those that want to service the millennial end of the consumer spectrum are doing so with offerings related to instant cash access and instant transfers.

Technology 100

Technology Innovation Course Security 100