PYMNTS

SEPTEMBER 18, 2018

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Necessity is the mother of invention.

Lending 148

Lending Innovation Fintech Cards 148

PYMNTS

OCTOBER 1, 2020

The study surveyed more than 5,000 U.S. Some business verticals are doing better than others, the PYMNTS study found. For instance, instant payments are most prevalent in the worlds of wages, insurance disbursements and lending payouts, according to the survey results. Fast Fact No. Consumers disagree. Fast Fact No.

Trends 306

Trends Study Taxes Payments 306

Abrigo

JANUARY 13, 2020

Cross-selling to stem “hidden defections” represents huge untapped opportunities for institutions, according to a study by Bain. For example, the study found that in the U.S., A separate study by Bain & Co. Key Takeaways Cross-selling may be the most efficient way for your financial institution to achieve strong growth.

Lending 150

Lending Study Survey Community 150

PYMNTS

MAY 4, 2020

said they have had their credit limit slashed or their card closed in the past month as lenders move to minimize their risk amid the COVID-19 shutdown, a new study revealed. Nearly 50 million credit card customers in the U.S. CompareCards commissioned Qualtrics to conduct an online survey of 1,039 credit cardholders from April 22-24.

US 243

US Survey Cards Study 243

PYMNTS

AUGUST 28, 2017

25) that it will implement machine learning credit approval models to determine if it will lend a consumer money as it goes after a segment of the market that doesn’t have a solid credit history. For this study, we worked with ZestFinance to harness the capability of machine learning to analyze more data and to analyze our data differently.

Millennials 104

Millennials Study Lending Customer Experience 104

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

MyBankTracker

OCTOBER 27, 2020

Study: How Much Money Would You Lend to Family or Close Friends? Study: How Common is Financial Stress in a Romantic Relationship? Report: 49% of Millennials Don’t Own a Credit Card. Related Articles. Survey: 32% of Americans Spend No Time Managing Their Finances. Why Are They Avoiding.

Study 52

Study Cards Survey United States 52

MyBankTracker

JUNE 22, 2020

The 25-34 age group (Millennials) were least honest about money, with only 21.1% The study was conducted through Google Survey on behalf of MyBankTracker from June 8, 2020 to June 11, 2020 with respondents in the United States of ages 18 and up: Question 1 had 414 respondents with a margin of error of +/- 2.8% Methodology.

Study 52

Study Survey Groups Tools 52

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 124

Millennials Cards Lending Data 124

NCR

FEBRUARY 17, 2016

Millennials are broke, burdened with too many college loans and living in their parents’ basements. In fact, Millennials ( who most define as those born between 1980 and the mid 2000s) contribute $1.3 In fact, Millennials ( who most define as those born between 1980 and the mid 2000s) contribute $1.3 Actually, they do.

Millennials 40

Millennials Study Mobile Training 40

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

PYMNTS

NOVEMBER 16, 2020

Insurance and lending-related disbursements follow a similar trend, with 59 percent of consumers and 50 percent of microbusinesses saying they received such payments through slower methods. Generational differences also appear to factor into whether consumers have received instant disbursements within the past 12 months.

Data 256

Data Millennials Examples Payments 256

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

NOVEMBER 19, 2020

Millennials come in second at 15.6 percent of millennials received an instant income and earnings-related payment, and 11.8 percent and 10 percent, respectively, received an insurance and lending payment instantly. percent of millennials received an instant income and earnings-related payment, and 11.8

Payments 237

Payments Millennials Groups Survey 237

PYMNTS

MAY 23, 2017

The news itself is “neither cause of celebration or alarm,” according to NY Fed Research Officer and study co-author Donghoon Lee. Mortgage borrowers are also a very different group than they were nine years ago at the outset of the financial crisis — in part because of tougher lending standards mandated by federal regulators.

Millennials 108

Millennials Lending New York Trends 108

PYMNTS

MARCH 10, 2020

What instant lending innovation have shoppers fallen in love with? For an important BNPL case study, we look to Australia, where Sydney-based market leader Afterpay has made such a splash that it’s changing the economy (sort of). Here’s a hint: We’ll tell you now … and you can thank us later. It’s a bona fide phenomenon.

Case Study 135

Case Study Retail Millennials Branding 135

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. The group’s connected commerce behaviors are well-documented in the annual PYMNTS/Visa How We Will Pay 2019 study. Payday Lending Laws Drive Traffic to Pawn Shops.

Fraud 108

Fraud Payments Bitcoin Lending 108

PYMNTS

JUNE 9, 2020

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. They acquire a lending product, and then a digital banking platform. Leveraging CU Assets.

Digital Banking 133

Digital Banking Millennials Lending Marketing 133

PYMNTS

APRIL 8, 2020

point-of-sale (POS) form of lending that’s become a retail sensation around the world in recent years. COVID-19 notwithstanding, millennials are now – and will for some time remain – the big spenders on fitness gear and memberships. The more specialized and exotic the workout routine, the higher the fee, generally speaking.

Exercises 173

Exercises Payments Millennials Retail 173

PYMNTS

AUGUST 10, 2020

This “choice gap” is perhaps one of the most interesting findings of our study and is particularly notable for payments that are made using point-of-sale (POS) channels, such as insurance, lending and product purchase-related disbursements.

Report 228

Report Payments Millennials Cards 228

PYMNTS

AUGUST 22, 2017

A sharing marketplace targeted at millennials. Why millennials. Study after study seems to indicate the same set of facts about millennials: They are more motivated by experiences than by physical goods and in fact don’t seem all that invested in acquiring lots of stuff. as opposed to say everyone?

Millennials 100

Millennials Dallas Study Community 100

PYMNTS

DECEMBER 22, 2016

The bot will provide an integrated approach to deposits, savings and lending. The companies said that, because research says millennials check their phones more than 45 times a day, the banking platform is meeting those customers where they are: on their phones. The common thread here is ‘empowerment.’

Millennials 100

Millennials America Study Mobile 100

PYMNTS

NOVEMBER 3, 2016

Will alternative lending platforms eat away at traditional banks’ market share? With financial institutions beginning to collaborate and partner with these alternative players, it seems even less likely that the two sides of the SME lending space will challenge each other. But the latest analysis from J.D. Power’s 2016 U.S.

Survey 100

Survey Lending Millennials Analysis 100

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

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

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 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. But their experiences in lending are different.

Lending 100

Lending Study Millennials Groups 100

The Financial Brand

OCTOBER 22, 2014

Study reveals how drastically consumers'' wallets have changed in the last decade, particularly for Millennials and Boomers. Segmentation home loans mortgages student loans'

Trends 25

Trends Lending Millennials Study 25

PYMNTS

FEBRUARY 3, 2017

Users can also take advantage of the Flexible Rewards and Lending program via their mobile phones. And per the same study, more than 80 percent of consumers across all demographics want companies to protect their sensitive data and even destroy it upon request, all to avoid having it fall into the wrong hands.

Payments 100

Payments Mobile Apple Study 100

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

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

South State Correspondent

AUGUST 16, 2023

Gen Z and Millennials are now using credit on their cards which was not seen before 2020. Last year’s Consumer Financial Protection Bureau (CFPB) study showed that 15M borrowers have at least one credit red flag and 5M borrowers have two. There is a record number of 18+ month dormant accounts.

Trends 195

Trends Cards Capital Data 195

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

Celent Banking

MARCH 16, 2015

P2P lending), and new payment schemes. Home Depot was an interesting case study. A recent study found that despite problems with megabank perception, 73% of those asked said a recognizable brand was important in choosing a financial institution. Presentations focused on targeted marketing for “moneyhawks” , new P2P models (e.g.

Conference 100

Conference Retail Community Bank Community 100

CB Insights

OCTOBER 24, 2018

get the entire 47-page lending report. See how startups and big tech are reinventing traditional lending. Download our deep dive into the disruption of lending. As competition increases and POS lending goes mainstream, startups are raising substantial funds to grab market share. valuation (10/8). valuation (10/8).

Millennials 65

Millennials Lending Cards Capital 65

PYMNTS

DECEMBER 13, 2016

Millennials just aren’t buying homes — they are the first generation of Americans since World War II who will meaningfully move away from that vision of the American Dream. Millennial homeownership rates — for those 75.4 Millennials have not, as some have argued, radically thrown off ideas about owning homes en masse.

Millennials 100

Millennials Groups Study Washington 100