article thumbnail

Commercial Lender Survey Results

South State Correspondent

We sent out a survey to several thousand community bankers across the country to understand bankers’ concerns, challenges, and opportunities in the current business environment. The survey only took five minutes and consisted of five questions.

Survey 195
article thumbnail

Fed Consumer Finance Survey Reveals Online Banking Usage, (Slightly) Higher Debt Burdens

PYMNTS

The Fed’s latest Survey of Consumer Finances might come with a caveat: The data measure a period that may seem long ago and far away — the time before COVID, of course. But they show an increasing interest in online banking, an attempt to grow savings — and a higher debt burden. Online Banking . Overall, 98.7 percent and 15.3

Survey 131
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Online/Digital Account Opening: A Bridge and A Moat

Abrigo

Offering Digital Consumer and Commercial Accounts Benefits Financial Institutions Banks and credit unions that enable online/digital account opening win new customers and members and retain existing ones. . Takeaway 1 Many financial institutions are adding or improving online or digital account opening capabilities. .

Online 195
article thumbnail

How Subscriptions Bridge The Online/Offline Learning Divide

PYMNTS

Certain segments of the market have surged, with millions of new subscribers for movie and TV streaming platforms, meal kits and other product boxes. One survey found that 27 percent of U.S. The survey cited above also found that 17 percent of consumers had canceled streaming subscriptions during the pandemic, for example.

Online 237
article thumbnail

Amazon Gains Ground In Holdout Markets

PYMNTS

Not every product launches smoothly (RIP Fire Phone ), not every new endeavor delivers (Amazon’s flirtations with offering a travel platform ended abruptly) and not every new market immediately yields. The degree to which consumers intend to continue shopping online seems to depend on the types of products and services they purchase.

Marketing 237
article thumbnail

Instacart-Walmart Delivery Pact Heats Up Online Grocery Wars

PYMNTS

11), reported by CNBC , that retail behemoth Walmart has struck a partnership with Instacart to offer same-day deliver across a few, select markets in the United States, focused on four initial pilots in Oklahoma and California. Amazon, for its part, said online grocery sales tripled in its latest quarter. News came Tuesday (Aug.

Online 227
article thumbnail

How Community Financial Institutions Can Regain the Small Business Lending Market

Abrigo

CFIs are poised to regain the small business lending market Community Financial Institutions can leverage technology to improve customer experience and regain the small business lending market. The data also shows the emergence and success of online lenders, accounting for 20% of business loan applications.

Lending 195