CB Insights

MARCH 27, 2019

Over the next few decades, baby boomers and Gen X will pass on $30T in wealth to the millennial generation. More than any other generation, millennials are interested in the idea that their investments will have a positive global impact when it comes to issues like sustainability and climate change. PREPARE FOR THE FINTECH FUTURE.

Millennials 77

Millennials Fintech Trends Report 77

PYMNTS

SEPTEMBER 17, 2018

Amid China’s efforts in recent months to boost small business activities – notably through initiatives that focused on small business lending in that country – Alibaba Group’s Taobao expanded its Maker Festival to be global in scope, with a spotlight on the youngest of entrepreneurs. The September event, which spanned Sept.

Millennials 134

Millennials Lending Retail Trends 134

PYMNTS

JANUARY 8, 2021

Both consumers and businesses are exhibiting shifting expectations for how the lending process should work, and many are expressing interest in alternative forms of lending, such as peer-to-peer (P2P) loans. Another study predicted that the P2P lending market will reach nearly $559 billion by 2027 due to this expanded interest.

Lending 163

Lending Examples Tools Meeting 163

PYMNTS

DECEMBER 11, 2020

Online lending startup Social Finance (SoFi) is in talks to go public through a sale to blank-check acquisition company. Report: Millennials, Buy Now Pay Later And The Shifting Dynamics Of Online Credit. Nearly 90 percent of millennials have credit cards, yet still seek new ways to finance their online purchases.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

JULY 21, 2017

So started Affirm’s Co-Founder and CEO Max Levchin ’s remarks at his firm’s first-ever AFFIRMation conference for its retail partners in San Francisco yesterday. “Finance is pretty broken.”. Levchin, by his own description, has spent his career in financial services and founding companies — “some of which succeeded, some didn’t.”

Retail 111

Retail San Francisco Cards Conference 111

PYMNTS

JULY 15, 2016

When Amazon, the largest retailer by market cap, says that it had its best day ever , it’s hard not to call that a sizzle – and then some. Even Amazon competitors like Macys, Target and even Best Buy reported that their sales rose that day by 13 percent or more – as they rode the Prime Day draft and put their own offers in market.

Retail 100

Retail FDIC Bitcoin Lending 100

PYMNTS

AUGUST 20, 2019

And the conventional wisdom on alternative lending comes in for a gut check as more merchants learn how to reverse the course on subscription churn. Data: $800 billion+: Market cap of Google parent Alphabet. percent: Share of millennials who use mobile apps most frequently for planning in-store purchases.

Payments 130

Payments Millennials Google Lending 130

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 Gen Zers in the market who are eligible to carry credit cards.

Millennials 124

Millennials Cards Lending Data 124

PYMNTS

MARCH 10, 2020

What instant lending innovation have shoppers fallen in love with? Consumers love the delayed payment options and so do retailers, but the BNPL players themselves are loving their business model, too. Many are leaving credit behind, with approximately 40 percent of millennials fearing credit card debt,” the report states.

Case Study 135

Case Study Retail Millennials Branding 135

Celent Banking

MARCH 16, 2015

This last week the American Banker Retail Banking Conference 2015 was going on in Austin, TX. The conference was well attended, with broad representation from all institution sizes and markets. Presentations focused on targeted marketing for “moneyhawks” , new P2P models (e.g. P2P lending), and new payment schemes.

Conference 100

Conference Retail Community Community Bank 100

PYMNTS

JULY 23, 2019

The fund is designed to boost competition in business lending. . Over the past few years we’ve become the payment partner of choice for challenger banks and FinTechs looking to offer new retail or commercial banking solutions.” . that caters to millennials, has raised £50M ($62.4 Ireland, Nordic and Baltics.

Millennials 144

Millennials Innovation Fintech Lending 144

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 Gen Zers in the market who are eligible to carry credit cards.

Millennials 101

Millennials Cards Lending Data 101

PYMNTS

OCTOBER 5, 2018

The reason private label works so well in stores, Bread CEO and Co-founder Josh Abramowitz told PYMNTS’ Karen Webster, is because they are so well-integrated with the physical retail environments for which they were created. This isn’t the case for retailers born in the online world, Abramowitz contends. What’s Next.

Cards 144

Cards Retail Online Millennials 144

Bank Innovation

MAY 1, 2016

Robinhood: On Target Launched in December 2014, Robinhood is a zero-fee stock trading app that quickly gained popularity among financially ambitious millennials. Robinhood was paid the enormous compliment of having “cracked the millennial code” by none other than Jay Sidhu, CEO of Customers Bank and founder of BankMobile.

Millennials 240

Millennials social media Operations Cards 240

PYMNTS

APRIL 8, 2020

point-of-sale (POS) form of lending that’s become a retail sensation around the world in recent years. It is for these reasons that we see buy now, pay later solutions being so rapidly adopted across the fitness market and almost all retail categories.”. Enter ‘buy now, pay later’ (BNPL), the layaway 2.0

Exercises 173

Exercises Payments Millennials Retail 173

PYMNTS

APRIL 14, 2016

That fact in and of itself might lend retail advertisers to, prior to tackling the above question, venture a guess regarding another one: What is the average attention span of a millennial consumer watching a mobile video, and how does it compare to that of a consumer between the ages of 35 and 54 (who’s doing the same)?

Video 100

Video Millennials Study Mobile 100

PYMNTS

SEPTEMBER 17, 2019

While short-term lending in general has a pretty rough reputation, the pawn loan is the most ill-regarded arena in an already unloved category of consumer lending. The loan amount a borrower can get from a pawnbroker is determined solely by the value of the item itself; as in most forms of short-term lending, there is no credit check.

Ohio 151

Ohio Lending Iowa South Dakota 151

CB Insights

OCTOBER 10, 2018

Startups targeting retail and commercial banking have been emerging globally, spurred by favorable tech regulations, an uptick in mobile adoption, and shifting customer demographics. Incumbents are not standing still and are acting to protect their market share. Market Map: The Startups Disrupting Retail & Commercial Banking.

Retail 78

Retail Cards Millennials Mobile 78

PYMNTS

AUGUST 10, 2020

Consumers have been using internet technology for everything from nonessential health services to ordering from restaurants in the last few years, especially shopping more frequently online for retail products and groceries. We also identified existing market gaps across specific disbursement categories. . This is what we found. .

Report 228

Report Payments Millennials Cards 228

PYMNTS

SEPTEMBER 20, 2019

In the payments ecosystem, we need look no further than the bridge millennial to see how the connected purchasing experience will evolve over the next decade. Payday Lending Laws Drive Traffic to Pawn Shops. What the Trendsetters Say About How We Will Pay Next Decade. Trackers and Reports. Burger King Now Accepts Bitcoin.

Fraud 108

Fraud Payments Bitcoin Lending 108

PYMNTS

MAY 15, 2017

The online retail giant is set to release the Echo Show to the world on June 28 of this year. Given the market’s reaction to the Echo Show during the holiday season, it’s possible we’ll see the Echo Show sell out quickly as well. The Echo Show retails for $229.99 percent market share. The remaining 5.6

Google 108

Google Millennials Samsung Video 108

The Financial Brand

SEPTEMBER 19, 2016

How can financial institutions grow their retail loan portfolios when Millennials are strapped with massive student loans quashing their ability to borrow?

Millennials 12

Millennials Lending Retail Marketing 12

PYMNTS

NOVEMBER 28, 2017

Some of the most notable recent changes to the automotive market include the rise of electric-only vehicles , advancements in autonomous vehicle technology , the growth of rideshare companies and built-in vehicle payment tools that enable motorists to use their wheels to pay for parking or gas. The millennial factor. of Gen Xers.

Mobile 102

Mobile Millennials Los Angeles Trends 102

PYMNTS

FEBRUARY 20, 2018

The stock market — despite a fairly steepWh correction a week ago — is still well ahead of where it was a year ago and is trending up. Unemployment is at historic lows, wages are rising given the tight labor market and consumer spending has been keeping pace. Student Lending. By many measures, the economy looks strong.

Lending 105

Lending Cards America New York 105

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

MARCH 21, 2019

The Fashion Lending Platform. The aim, Prew noted, is to build something curated for the mid- to high-end of the market. For the target market, Prew is focusing on millennial females in central London between the ages of 25 and 35. From American Eagle to Rent the Runway, retailers are tapping into fashion rentals.

Retail 130

Retail Millennials Company Security 130

South State Correspondent

AUGUST 16, 2023

Even if your bank has limited consumer exposure, given that the consumer composes approximately 66% of the US economy, and, according to the yield curve and market pundits, we are all staring into a recession, paying close attention to consumer trends is critical. 1,000+ payments now are 15% of the market which is also a new development.

Trends 195

Trends Cards Capital Data 195

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

PYMNTS

MAY 28, 2019

Indonesian ride-hailing and online payment company GO-JEK , for instance, is expanding its financial technology services through partnerships with peer-to-peer (P2P) lending firms Dana Cita, Aktivaku and Findaya. Smartphones contributed one trillion dollars to overall retail sales in the United States during 2018.

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

JULY 17, 2016

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. A product of its times, fast fashion tapped into its millennial core audience’s two favorite things: saving money and novelty.

Retail 100

Retail New York Millennials Branding 100

South State Correspondent

JULY 11, 2022

Email is one of the most effective bank marketing channels available. Using AI for bank email marketing can get you a 2% to 13%+ lift, or improvement, depending on the technique. In this article, we give you our top five lessons to inspire your bank to adopt AI in marketing or leverage our data to improve your effort.

Marketing 195

Marketing Data social media Groups 195

PYMNTS

FEBRUARY 14, 2018

It’s no secret: Millennials are saddled with student loan debt, and they’re facing more expensive rent. We’re focused on giving people the products they need to go have the experiences that they want,” Cameron Hendrick, head of Marketing at Joymode, told PYMNTS. But they also love experiences.

Los Angeles 109

Los Angeles Millennials Branding Company 109

PYMNTS

JULY 21, 2017

Given that the debit and credit card share of total retail sales is at 77 percent, acceleration in contactless may be in the (virtual) cards. Consumers: UBS offers up what might be a canary in the lending mine: The poorest Americans voiced the least confidence in handling their debt loads and staying current on bills. billion pounds.

Millennials 100

Millennials Mobile Branding Retail 100

CB Insights

JUNE 3, 2020

Banking & Lending. Wealth & Capital Markets. Most notably, Covid-19 is contributing to an explosion in e-commerce at the expense of physical retail. This shift is driving transaction volume to the payments companies behind online retailers and taking market share away from those serving physical retailers.

Lending 75

Lending Capital Online Marketing 75

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

Gonzobanker

MARCH 6, 2018

Big banks have been in the driver’s seat on growing their market share in retail, while paring down branch networks. Much like a bank that over-concentrates itself on commercial real estate lending, banks that rely too heavily on physical channels for consumer and business customers risk attrition, lost revenue and increased expenses.

Strategy 89

Strategy Marketing Mobile Trends 89

PYMNTS

AUGUST 21, 2018

Six days later, The New York Times reported that Bear Stearns was dangling on the age of bankruptcy and a forced liquidation after it posted a 61 percent drop in net profits as a result of hedge fund losses in the subprime mortgage market. Unemployment is below 4 percent, wages are growing and retail sales are surging.

US 100

US Millennials New York St. Louis 100