PYMNTS

MAY 4, 2020

The survey, released on Monday (May 4) by CompareCards, a division of LendingTree, found one in four Americans say their credit card terms have been changed involuntarily since the start of the coronavirus pandemic. The survey said 37 percent of men were three times more likely than women to see their limits cut.

US 243

US Survey Cards Study 243

PYMNTS

DECEMBER 11, 2020

Online lending startup Social Finance (SoFi) is in talks to go public through a sale to blank-check acquisition company. Australian consumers like going to the store more than consumers in other countries, even though they find it less satisfying than shopping online. The FinTech as a Service launched Tuesday (Dec.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

FEBRUARY 20, 2018

19) noted 27 percent of small businesses surveyed in the U.S. have already used an online alternative lending platform. Further, SMBs are using alternative lending platforms to obtain a faster decision, but only 7 percent say they use these services for a better interest rate. Its 2017 U.S.

Millennials 101

Millennials Lending Survey Groups 101

PYMNTS

NOVEMBER 19, 2020

Millennials come in second at 15.6 A paltry 8 percent of baby boomers and seniors report receiving an instant payment, while the new survey found that “12.7 percent of millennials received an instant income and earnings-related payment, and 11.8 percent of Gen Z and 9.4 percent of Gen Z and 9.4

Payments 237

Payments Millennials Groups Survey 237

Accenture

MAY 7, 2019

This got me thinking—in the Instagram and Facebook era of instant online gratification, just how important is the ability to create a relationship with a bank at the swish of your mobile? And it’s not just millennials who are thinking of jumping ship. However, this isn’t just a frustration for your average millennial.

Customer Experience 178

Customer Experience Online Millennials social media 178

Abrigo

OCTOBER 21, 2019

“I’ve found that attracting younger, millennial talent is almost like attracting clients,” said McBay. While young professionals value dynamic, creative work environments, innovation, and professional development, banks rank poorly in these key areas to this demographic, according to Deloitte’s Talent in Banking survey.

Oklahoma 218

Oklahoma Millennials Innovation Technology 218

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 surveyed more than 5,000 U.S. businesses in a vulnerable financial situation. .

Report 228

Report Payments Millennials Cards 228

PYMNTS

NOVEMBER 16, 2017

Mary’s chief operating officer, Ken Senus, about how the credit union has evolved since it was founded and why, perhaps counterintuitively, its age is an appealing factor for millennial members. From Mill Workers to Millennials. Conservative Approach, Rooted in the Great Depression. After enduring delinquencies and losses, St.

Millennials 101

Millennials US New Hampshire Resources 101

PYMNTS

JUNE 9, 2020

As the survey of more than 4,000 CU members, CU leaders and FinTech executives showed, 41.4 That ability has allowed challenger banks and FinTechs to grow their market share in personal lending by 760 percent over the past five years, while CUs have seen their total market share slip 30 percent in the space over the same period.

Digital Banking 133

Digital Banking Millennials Lending Marketing 133

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

FICO

MAY 23, 2017

Millennials hate banks, so much so that a majority would rather visit the dentist than listen to what banks are saying. New fintech products—across a wide range of areas including lending, wealth management, and payments—are going to lead to the unbundling of the financial services industry. FICO recently conducted a survey of U.S.

Fintech 40

Fintech Millennials Survey Lending 40

PYMNTS

NOVEMBER 14, 2017

Online consumer lending – in a variety of forms – has grown explosively over the last decade. The Cleveland Federal Reserve Bank captured a lot of headlines with the release of its online lending study – particularly due to its use of the words “predatory” and “needs additional regulation.” Cleveland’s Dark Outlook.

Study 101

Study Lending Cleveland Online 101

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

FICO

AUGUST 19, 2022

According to a 2022 report by Cornerstone Advisors , the percentage of Gen Z, Millennial, and Gen X consumers in the U.S. While this is a good start, banks cannot lose sight of the value that intentionally used overdraft protection (or similar short-term lending products) can have for customers with cash flow imbalances. See all Posts.

Fintech 52

Fintech Millennials Lending Tools 52

PYMNTS

JUNE 5, 2018

In its latest research, business intelligence firm RFI found that most millennials in the U.K. survey respondents agreed that new financial services from the likes of PayPal, Amazon or Google would be more exciting than new services from their banks. In the U.S., ” Sage isn’t PayPal’s first foray into B2B payments.

Payments 116

Payments Survey Software Millennials 116

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. Any number of surveys also show that regardless of contrary news headlines, consumers trust banks most with their payments and identity information.

Mobile 105

Mobile Community Bank Community Technology 105

Gonzobanker

MARCH 6, 2018

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. Consider these numbers from PwC’s 2017 Digital Banking Consumer Survey : ? Aligned and Future-Ready.

Strategy 89

Strategy Marketing Mobile Trends 89

PYMNTS

JANUARY 30, 2018

Our Core Checking account provides full access to all our financial centers, ATMs, mobile and online banking and offers several ways to avoid a monthly fee, including a monthly direct deposit of $250, which equates to $3,000 annually,” Betty Riess, a Bank of America spokeswoman, told CNBC.

America 109

America Maryland FDIC Millennials 109

FICO

SEPTEMBER 22, 2016

Millennials love their smartphones—so much so that in recent research , millennials ranked them as more important than a toothbrush or even deodorant. It is a good thing 90% of millennials have smartphones! Of course, many of our clients want to know more about millennial banking habits. That is a really mixed story.

Millennials 40

Millennials Survey Mobile Payments 40

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

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

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. It’s why if you cancel a ride with Uber, it now pushes you a survey asking why. It’s been an 18-year march to gather ~170 million consumers and 13 million merchants online.

San Francisco 100

San Francisco Operations Examples Branding 100

PYMNTS

NOVEMBER 13, 2019

Even though the consumer retail product market has fewer subscribers than digital media, online gaming or streaming services, it is driven by a higher annual rate of spending. spent on online gaming subscriptions, the second most popular category in annual spending. percent) and bridge millennials (37.6 Millennials spend $7.3

Retail 105

Retail Millennials Online Survey 105

PYMNTS

NOVEMBER 13, 2019

Even though the consumer retail product market has fewer subscribers than digital media, online gaming or streaming services, it is driven by a higher annual rate of spending. spent on online gaming subscriptions, the second most popular category in annual spending. percent) and bridge millennials (37.6 Millennials spend $7.3

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). In Canada, 41 percent of cardholders surveyed said they would consider using installment payments on purchases of $500 or more. Installment lending at the POS just isn’t available. However, in the U.S.,

Lending 188

Lending User Experience Cards Fintech 188

CB Insights

DECEMBER 7, 2017

Banks have receded from mortgage lending for a host of reasons, principally because the cost of complying with strict regulation from the Consumer Financial Protection Bureau on loan qualification and capital requirements has made the business more expensive. In 2011, just two of the top 10 biggest lenders were non-bank lenders.

Millennials 69

Millennials Lending United States Technology 69

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. To Facebook’s Jerry Canning , a solid digital panelist at the ABA conference who pointed to the need to engage in conversations online with the customer, “the new CMO.”

Community Bank 60

Community Bank Apple Community Technology 60

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

OCTOBER 30, 2019

It features cash-back rewards for Walmart purchases, enables direct deposit and a 2-day advance on earnings deposited there, online bill pay and other benefits. That would seem to bolster the case for this Walmart-Green Dot joint accelerator — and lend credence to how Eckert described the possible coming attractions from that operation.

Retail 110

Retail social media Fintech Study 110

PYMNTS

JULY 1, 2016

Digitally driven consumers need more than just an emailed survey or online flyer for meaningful engagement with brands. In the same way, if you send it through email with some sort of social tool like gamification but the game is boring or it’s just a glorified survey, that’s not going to work either.

Branding 106

Branding social media Examples Google 106