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.

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Millennials social media Operations Cards 240

Independent Banker

OCTOBER 29, 2014

Out of Mom and Dad’s basement, millennials are primed to become your next best customers. Bauhs is on the tail end of the “millennial” generation, which is commonly defined as those born between 1980 and 2000. This is really the moment for community banks to show that they’re a fit for millennials. By Ed Avis.

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Millennials Community Bank social media Community 110

South State Correspondent

JULY 19, 2023

The benefits of the industrial revolution accrued to shareholders, management, and workers that could be trained to become operators. Bank marketers that start training now will become AI operators in the very near future -measured in days, not years. No coding is required, and design principles are built in.

Marketing 195

Marketing Training Video Tools 195

PYMNTS

AUGUST 17, 2017

With more consumers moving to mobile transactions over visits to branches, some banks are considering closing brick-and-mortar locations to reduce operational costs. The price of real estate is prompting even the largest players in the banking world to scale back their branch operations.

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Millennials Digital Banking San Francisco Fintech 132

Independent Banker

NOVEMBER 13, 2014

Out of Mom and Dad’s basement, millennials are primed to become your next best customers. Bauhs is on the tail end of the “millennial” generation, which is commonly defined as those born between 1980 and 2000. This is really the moment for community banks to show that they’re a fit for millennials. By Ed Avis.

Millennials 87

Millennials Community Bank social media Community 87

Abrigo

MAY 5, 2022

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. It also examines how community banks are different than other types of financial institutions, along with strategies for optimal operations.

Community 195

Community Lending Maine Resources 195

Independent Banker

AUGUST 25, 2016

social media presence. With the average individual spending 100 minutes on social media each day, it’s entirely possible for community banks to share some of that screen time. If you’re an online bank or are simply looking for younger, more millennial-type customers, Twitter and Instagram are strong platforms to use.

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social media Community Bank Community Video 70

PYMNTS

DECEMBER 26, 2019

They’re counting the proportion or number of millennials and Generation Z shoppers at a store, and counting the number of Instagram-popular fashion brands in a store. A store in the pricey Brentwood region might sell a dish for $7 to $8 — about par for a fast casual offering in that area.

Retail 132

Retail Trends Analytics social media 132

PYMNTS

APRIL 20, 2018

million in a Series B funding round to expand its operations. That round was led by Japanese travel operator H.I.S. — a pairing that might seem a bit odd, as H.I.S is a 38-year-old travel operator that employs close to 17,000 people with offices in over 150 cities in 80 countries worldwide. They reported about $5.5

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social media Resources Operations Marketing 126

PYMNTS

JUNE 4, 2018

Beloved by younger millennials and up-and-coming Generation Z members, Snapchat is the little social media engine that could in an era when it seemed the social media die had all been cast (and where Facebook won most of the rolls). That just good old-fashioned operational costs. The firm torched through $1.1

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social media Google Apple Leadership 119

Independent Banker

MARCH 15, 2015

Texting millennials enters their private zone. Millennials want to be acknowledged. Millennials are leery and untrusting of sales pitches, but they’re eager for unbiased financial information and assistance. But do community banks know the unwritten rules of successfully engaging with millennials? Seek permission.

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Millennials Community Bank Community social media 70

Independent Banker

FEBRUARY 24, 2015

Texting millennials enters their private zone. Millennials want to be acknowledged. Millennials are leery and untrusting of sales pitches, but they’re eager for unbiased financial information and assistance. But do community banks know the unwritten rules of successfully engaging with millennials? Seek permission.

Millennials 70

Millennials Community Bank Community social media 70

PYMNTS

SEPTEMBER 4, 2019

In an interview with PYMNTS, Richard Noguera , chief information security officer at Yapstone , discussed the findings of the playbook titled “ Meeting the Millennial Need For AI-Powered Visual Shopping.”. And, done right, maybe a few clicks on a buy button, too. Such a shift will be subtle — and the product placements may even be subliminal.

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Millennials Data social media Analytics 110

PYMNTS

OCTOBER 9, 2017

Whether it’s Netflix or Spotify, Farnsworth explained, millennials prefer subscription services for their anytime, on-demand access and the seamless experiences they offer. First founded in 2011, MoviePass now operates under the leadership of Mitch Lowe, who co-founded Netflix and previously served as president of Redbox.

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social media New York City Cards Google 101

FICO

FEBRUARY 8, 2017

Last week I sat down with around 20 executives who manage collections for both lenders and debt collection agencies in the UK, to discuss what’s happening in the industry and how analytics — FICO’s specialty — can help. One in five of my bank customers have digital collections operations.". Social Media.

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social media Analytics Regulation Industry 40

PYMNTS

MAY 23, 2016

Department stores appealing to all parts of the consumer spectrum — Macy’s, Nordstrom, Hudson Bay (operator of Lord & Taylor and Saks) — are in a big slump, and chains that live in the malls they anchor are suffering right along with them. Apparel chains like Gap (and Banana Republic and Old Navy) and J. There have been a few standouts.

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social media Retail Portland Millennials 100

Lex Sokolin

APRIL 28, 2021

But all this is Gen X and Millennial stuff. We barely got our head around the idea that video creators are our generation’s financial advisors, and that you can get more financial literacy education of out Roaring Kitty and the long tail of free finance videos than you could out of your Goldman Sachs wealth manager. million views.

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Video social media Millennials Regulation 52

Banking 2020

NOVEMBER 27, 2015

No one understands this trend better than those pesky millennials. The report makes clear that while winning over millennial customers is hard enough, keeping them can be even harder. Some online-only startup, with operations based overseas? At the same time, credit unions chalked up 3% growth in new millennial customers.

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Millennials Survey social media Online 40

NCR

AUGUST 24, 2016

However, these services also need to manage risk, meet the bank’s compliance obligations and improve its security. Younger customers, and in particular the so-called ‘millennial’ generation’, have grown up in a time where 24/7 availability of personalized services is the norm.

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social media Meeting Compliance Security 40

ZootBlog

NOVEMBER 11, 2015

In today’s environment, as banks manage increased regulation and competition from industry outsiders, they must operate in the same fashion. Neobanks are gaining traction with millennials and the underbanked by connecting to their customers in a way that most banks do not—through the experience. They become students of the game.

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Innovation Fintech social media Knowledge Base 60

PYMNTS

MARCH 8, 2017

While millennials aspire to seek out meaningful experiences, they don’t necessarily have the spending power that enables them to do so. Many consumer businesses operate with very high fixed costs and oftentimes have excess capacity to fill, he explained. BB: With supply obviously comes demand.

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Millennials Boston social media Groups 101

PYMNTS

DECEMBER 24, 2018

Text messaging, social media, Pinterest and memes have all been offered up as avatars of destruction — and the general consensus seems to be that the death of conversation is a direct result of the digital age and probably has something to do with millennials. When consumers are finished with the cars they return them to Fair.

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Data Payments System social media 151

PYMNTS

JULY 28, 2018

Part of it is a savvy social media-based distribution model through WeChat. It’s why TJX has seen its same-store sales increase consistently over the last four years, even as other brick-and-mortar retailers have struggled – and managed to grow its market penetrations among younger millennial consumers.

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New York New York City Retail social media 148

CB Insights

JANUARY 5, 2018

Jet.com founder Marc Lore ascended to CEO of Walmart’s US e-commerce operations, and since joining has taken the company on an e-commerce/apparel acquisition spree. Select investors: Lerer Hippeau Ventures, Slow Ventures, Maveron, Tiger Global Management. Walmart’s $3.3B Disclosed funding: $27.4M.

Company 57

Company Branding Millennials Retail 57

William Mills

MAY 11, 2016

This approach makes a lot of sense– but not sure if it would meet the governance and compliance considerations of most banks and investment management firms. ^SR Use the blockchain to manage identity, that’s one of the aims of DigiByte. BaseVenture provides a platform for fund management. Show platform on a Chrome browser.

Video 40

Video Lending social media Analytics 40

William Mills

MAY 11, 2016

Diana Chin (HR & Operations). CreditHQ helps businesses manage cashflow. Managing cash flow – targeted at small business in partnership with banks. ^KT. Here’s another solution for document management and origination. ^SR. ChipShield also has an integrated password management vault. Virtual reality?

Video 40

Video Mobile social media Analytics 40

PYMNTS

OCTOBER 29, 2018

Meanwhile, operating system upgrades give consumers the benefits of new features on older handsets – for free. Not only do consumers want to keep their money in the bank, but they also want innovative mobile and digital banking solutions from them that make it easier to access and manage their money.

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Payments Google Apple Innovation 196

CB Insights

AUGUST 2, 2018

These companies come from diverse fintech backgrounds — P2P money transfers, wealth management, lending — but all are rushing to create checking account alternatives within their pre-existing products. PayPal subsidiary Venmo’s forthcoming Venmo Card operates in a similar fashion. How the products work. Concluding thoughts.

Cards 71

Cards Fintech UX Strategy 71

CB Insights

SEPTEMBER 24, 2018

The wellness trends is affecting everything from the way gyms operate to how retailers design clothing to how smart cities are designed. Notably, millennials are more lifestyle-focused, placing a greater value on health and wellness over material goods than ever before. Meet Maya, our hypothetical wellness-focused millennial consumer.

Trends 76

Trends Branding Examples Industry 76

PYMNTS

NOVEMBER 27, 2017

REI opted outside : their attendant social media campaign showed people hiking and enjoying nature while eschewing the crowds at the mall. The retailer also built a social media campaign around rejecting consumerism. Well, at least we know ModCloth is still operating independently according to their values,” “C” noted.

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social media Branding Retail Millennials 101

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. Retail FinTech Trends.

Retail 110

Retail social media Fintech Study 110

PYMNTS

APRIL 11, 2016

Research also uncovered gaps in how businesses interact with innovative tools depending on who’s using it — financial executive versus corporate traveler and even millennial business owner versus Baby Boomer. Reports find differences in the adoption of IT hardware versus software, mobile devices and virtual cards.

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Millennials Software social media Cards 100

Fintech Labs Insights

OCTOBER 31, 2016

PayPal ( FD16 ) first announced it was integrating with Facebook Messenger last month, when the social media giant unveiled payments capability within Messenger. Offer the ability to get notifications in Messenger, facilitating receipt management for PayPal transactions in one place. In the U.S.,

America 12

America Millennials Mobile social media 12

CB Insights

SEPTEMBER 4, 2019

Popular media coverage of millennials often fixates on the industries the generation is allegedly killing and their supposed fiscal irresponsibility. Some industries benefiting from millennials’ increased spending power, such as travel, reflect well-worn Gen Y tropes like the general preference for “experiences” over things.

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Millennials Industry Branding social media 78

PYMNTS

AUGUST 13, 2018

EQ Bank, Dickinson told Webster, has seen its Savings Plus account embraced by users so as to streamline their money management efforts. Call it active money management done simply through a single platform. Making Key Decisions. We do not have a branch infrastructure to support,” he said. “My

Digital Banking 113

Digital Banking social media Course Marketing 113

William Mills

SEPTEMBER 7, 2016

Data and Analytics are a profit center rather than something that just needs to be managed. Demo: A Wealth Management Company (ACME)– GoodData can embed analytics directly in ACME’s dashboard. Both money management and helping consumers to save (and have access to emergency funds) is vital to our economy. No other app does that.

Mobile 40

Mobile Cards Fraud Data 40

CB Insights

NOVEMBER 6, 2018

The first image below — taken from Google’s 2017 patent application titled “ Escalation to a human operator ” — shows the operator dashboard showing progress of existing tasks. In November 2016, Sephora developed Sephora Assistant in partnership with Facebook to help clients manage beauty reservation booking.

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Google Apple Industry Branding 72