PYMNTS

AUGUST 20, 2019

And based on early indications, it seems the follow-up act to the millennial generation is much more positively inclined toward using credit products of all stripes. Far more millennials and Gen Xers make use of credit cards than Gen Zers – at 38.29 million and 38.27 million, both cohorts have roughly quintuple the carrying rate.

Millennials 101

Millennials Cards Lending Data 101

Perficient

MAY 17, 2022

And if all this wasn’t enough to keep a credit risk manager from sleeping well at night, consider this: A recent Consumer Reports study found that auto loan portfolios may be riskier than previously thought. Delinquency rates are rising to levels not seen since the Great Recession, especially among Millennials and Gen Z.

Strategy 294

Strategy Customer Experience Study Technology 294

South State Correspondent

AUGUST 16, 2023

These are cash flow management tools that send a signal of future problems. Banks are currently reducing indirect auto financing growth and are managed by greater holdback and fewer exceptions. Gen Z and Millennials are now using credit on their cards which was not seen before 2020. Unsecured personal loan usage is up 21%.

Trends 195

Trends Cards Capital Data 195

PYMNTS

NOVEMBER 15, 2016

Dry markets yield rough results – millennials aren’t buying homes at generationally expected rates and new start-up business are employing 1 million fewer people in 2016 than they they were in the year 2000. That is what the latest study was tasked with discerning. Vantage Score 3.0 (the So what did they find?

Lending 100

Lending Study Millennials Groups 100

South State Correspondent

JULY 11, 2022

If you sit around your bank talking about winning more millennials or Gen-Zers, you are not only wasting your time, but much of your efforts are likely counterproductive. We will highlight more AI bank marketing data, case studies, and specific applications in the coming articles. Lesson 3: Demographics Can Hurt Your Bank.

Marketing 195

Marketing Data social media Groups 195

PYMNTS

NOVEMBER 14, 2017

Online consumer lending – in a variety of forms – has grown explosively over the last decade. The recent release of a study by the Cleveland Federal Reserve has managed to increase the decibel level of that debate. Cleveland’s Dark Outlook. But paired with other data, the news looks pretty grim.

Study 101

Study Lending Cleveland Online 101

Gonzobanker

OCTOBER 5, 2022

A consumer study from S&P Global—which asked mobile banking users which mobile banking features might get them to switch banks—reveals the contradictory responses consumers often provide. More than a third of all Americans have more than one checking account, and among Millennials that percentage is nearing a half.

Survey 78

Survey Mobile ATM Cards 78

Gonzobanker

OCTOBER 5, 2022

A consumer study from S&P Global—which asked mobile banking users which mobile banking features might get them to switch banks—reveals the contradictory responses consumers often provide. More than a third of all Americans have more than one checking account, and among Millennials that percentage is nearing a half.

Survey 78

Survey Mobile ATM Cards 78

Tefkin

JUNE 3, 2014

While other sectors attract more mainstream press attention (payment, retail banking), the asset management industry is also deeply affected by “software eating the world” Asset Class Competition. Traditional asset management companies are increasingly facing competition on both sides of the performance scale.

Industry 42

Industry Management Innovation Analysis 42

Abrigo

DECEMBER 15, 2016

In the 2015 Growth Strategy Survey by Bank Director , the most commonly cited areas for growth were Commercial Real Estate Lending, C&I loans, SBA loans, and Construction loans. This is compounded by the growing trend of Millennial small business owners. Small businesses in the U.S. which means their capital needs fluctuate.

Lending 150

Lending Millennials Study Survey 150

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. Epperson, a managing director at the global business advisory firm AlixPartners LLP. But how far are they willing to go to do their banking on small mobile devices?

Mobile 105

Mobile Community Bank Community Technology 105

CB Insights

FEBRUARY 1, 2019

Consider that: Half of Indonesia’s population is under the age of 30, with the number of millennials (aged 17-35) in Indonesia currently at 79.5M. Indonesia features the largest ($27B in 2018) and fastest-growing (49% CAGR 2015-2018) internet economy in Southeast Asia, according to a study by Google and Temasek.

Policies 61

Policies Lending Operations Examples 61

PYMNTS

MARCH 9, 2020

PYMNTS fielded a study to a national panel of 1,062 U.S. Nearly every respondent in our study — 99 percent of them, in fact — defined a bank the same way the dictionary does: as a place to store their money, access their money and borrow money if needed. consumers during the last week of February 2020. The Generation Gap.

How To 232

How To Millennials ATM Fintech 232

CB Insights

AUGUST 6, 2017

Wealth Tech Market Map: 90+ Companies Transforming Investment And Wealth Management. Lending, Investments, And Personal Finance: 102 Startups Attacking The Retail Banking Value Chain. Millennial Personal Finance: 63 Fintech Startups Targeting Millennials. ARTIFICIAL INTELLIGENCE AND ROBOTICS. EDUCATION TECH. INDIA TECH.

Industry 78

Industry Marketing Fintech Software 78

CB Insights

OCTOBER 10, 2017

An explosion of new consumer finance brands is transforming how people save, spend, and manage their money. Ninety-two million millennials will soon be in what Goldman Sachs calls their “prime spending years.” Robinhood’s clutter-free user interface design is flypaper for millennial audiences. trillion in annual spending.

Tools 78

Tools Millennials US Maine 78

FICO

FEBRUARY 12, 2023

That said, customers have increasingly high standards and you only have a short amount of time to impress them (especially Millennials). The business model here needs to focus on a strategy that balances lending growth while keeping risk in check. What can financial institutions learn from TikTok?

Digital Banking 52

Digital Banking eBook Analytics Customer Experience 52

CB Insights

AUGUST 2, 2018

US consumers aged 18+ make an average of 70 payments per month, with debit cards accounting for 32% of those purchases, according to a 2017 study by the Boston Fed. With millions of existing customers and large millennial user bases, fintechs are in a prime spot to expand their product lines. How the products work. Concluding thoughts.

Cards 71

Cards Fintech UX Strategy 71

Gonzobanker

DECEMBER 22, 2015

In the age of Twitter, Apple Pay and Lending Club, it’s important to remember the shareholder performance delivered by Gleason and team when compared to the behemoths. Bank project management offices. Roboadvisor Future Advisor acquired by establishment asset management giant BlackRock for $150M. Vendor management. “I

Community Bank 60

Community Bank Apple Community Technology 60

PYMNTS

OCTOBER 30, 2019

One of the most recent examples of that movement comes from Walmart , the venerable retail chain locked in mortal combat with Amazon, and Green Dot, the 20-year-old payment services provider that has managed to not only survive in a cutthroat industry, but innovate and thrive. In fact, in June 2019, a PYMNTS study of 1,037 U.S.

Retail 110

Retail social media Fintech Study 110

Fintech Labs Insights

AUGUST 16, 2016

Early this summer, we started reviewing applications from companies excited to present their latest fintech tools, technologies, APIs, platforms, case studies, and tutorials at FinDEVr Silicon Valley 2016. Today, we’re excited to announce the first wave of presenters that will take the stage at the Santa Clara Convention Center this October.

Analytics 12

Analytics Data Fintech Case Study 12

PYMNTS

OCTOBER 31, 2016

But, thank goodness, we saw the rise of those disruptive alternative lenders, like Lending Club, to fill the gap that the traditional banks left. Now, cybercriminals, being the clever people that they are, have managed to find the weak links in just about every environment. This, Edelman reports, is a huge shift from prior studies.

Regulation 100

Regulation Innovation Data Industry 100