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Can a Mobile Lending App Save Millennial Credit Ratings?

Bank Innovation

Millennials hate credit — but a new service called Lenny is out to change that. Lenny is meant for mobile (of course) and launched today in California. It will reach Texas, Florida and New York in the next 10 to 12 months, according to the company, which claims that, in less than three Read More.

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Social Media Tips Financial Marketers Can Use to Fuel Consumer Lending

The Financial Brand

Helping consumer lenders embrace social media the way real estate agents do will help banks and credit unions gain Millennials' business. The post Social Media Tips Financial Marketers Can Use to Fuel Consumer Lending appeared first on The Financial Brand.

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Toyota Plans To Turn Millennials Into Car Owners

PYMNTS

That bet could complicate, in a positive way, some of the general ideas out there about the preferences of millennial consumers. The integration of such tools is designed with those millennials in mind, part of the company’s effort to gain more revenue from a new generation of drivers. Winning Millennial Loyalty.

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Lenny Includes Personal Finance Services in Lending App

Bank Innovation

Two months in, Lenny – millennial-focused mobile lending app – is ready to hit the market with new budgeting and billpay products. Launched mid-March, Lenny’s goal is to help millennials build credit scores while still in school, with loans up to $10,000 and 0% interest (if paid on time). So far, Read More.

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Focus: New-To-Credit Millennials, Credit-Rating Systems & Borrowing Credit

BankBazaar

Owing much to the changes in banking trends and the emergence of fintech companies, millennials across India have become open to the idea of borrowing credit. As millennials, we grew up in a system that regarded such credit products as ‘financial stressors’ and those opting for them were often looked upon as financially-screwed individuals.

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Trust And Speed Light A New Path To Omnichannel Retail

PYMNTS

That’s because the largest combined consumer group today — probably one of the largest combined consumer groups in history — consists of millennials and Generation Z. By comparison, 32 percent of Gen Z, 35 percent of millennials and 22 percent of Gen X consumers buy online from the same store. Trust Issues.

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Singapore’s Hong Leong Eyes SMBs In Virtual Banking Pursuit

PYMNTS

The company is currently in talks with FinTechs about a joint application for one of the licenses, said President Ang Tang Chor, adding that Hong Leong would like to attract more millennials and newly established firms to its customer base. “We The FinTechs have one advantage: they lend against data,” Ang said.