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This Week’s Reads: Credit Unions, Digital Account Opening, Mobile Payments

Banking 2020

8 astonishing facts bankers should know about millennials: Did you know that recent data shows that 52% of millennials prefer non-traditional payments ? Six strategies to attract young members: With the average age of credit union members being consumers in their mid-to-late 40s, credit unions are missing a major marketmillennials.

Mobile 40
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They Grow Up So Fast: Gen Z Starts Taking Consumer Power

PYMNTS

That principle seems to hold true with millennials , as they lose some of the consumer spotlight to their successors in Gen Z. The retailer plans to market the brands on platforms — such as Instagram , Snapchat and YouTube — that attract a younger audience. ” All that taken into account, let’s not bury millennials just yet.

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Mobile Wallet: A Marker for the Future

NCR

Some new reports on the market point to an answer, but it’s not a particularly satisfying one. The report explains that both millennials and their older peers have essentially the same priorities: They want to closely monitor and manage their financial status, and they want alternatives to cash. So why is it still an outlier?

Mobile 40
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?? Generations X and Y’s “Culture of Convenience” driving financial institutions toward “mobile-first” omnichannel structures

Banking 2020

Millennials, in particular, are embracing mobile payments with open arms: 44% of Millennials would rather use their mobile phones than cash to pay for smaller ticket items. 50% of Millennials want mobile payments because they want faster transactions. 85% say they are open trying new banking and payment technologies.

Mobile 40
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24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

Telehealth technology is estimated to be a $43B market, according to CB Insights’ Industry Analyst Consensus. In March, the FDA eased restrictions related to marketing claims, allowing developers of remote patient monitoring devices to pitch their devices to hospitals. market by 2025 prior to the onset of Covid-19.

Industry 101