Digital Banking, Millennially Mobile

PYMNTS

72 percent: Share of bridge millennials who think mobile apps are important for accessing bank accounts. Today In Data banking apps Digital Banking Millennials mobile banking News Today in Data

Millennials Dump Tesla Stock

PYMNTS

Millennials have been unloading Tesla shares a week before the company revealed disappointing Q1 delivery numbers. Investments Amazon automotive Branding delivery ecommerce Millennials News q1 Shares stocks Tesla vehicle sales What's Hot

Accounts Of Millennial Sobriety May Be Oversold

PYMNTS

Have millennials started starving a segment of commerce in a socially positive way? Added to the list of things millennials are killing — along with homeownership, the institution of marriage and diamond jewelry — is apparently alcohol.

How To Pay The Millennial Workforce

PYMNTS

In this month’s feature story, Lee explained how these instant payment apps are fast becoming table stakes for recruiting and retaining employees — millennial and Gen Z workers in particular.

What Hath Bridge Millennials Wrought To Commerce And Payments?

PYMNTS

The new year will bring a new round of one of the hottest games in the payments-and-commerce world: What makes millennials tick? Census, millennials are 25 to 34 years old. Retailers are also taking note, for both traditional millennials and Bridge Millennials.

Millennials: STOP EATING AVOCADOS!!!

Chris Skinner

I’ve spotted a couple of interesting discussions about millennials and money in the last week, both of which say that the views on them are wrong. Stereotyped as avocado-crunching, cappuccino drinking, needies, the general media view is that this is a generation spoilt by helicopter parents to grow up to … The post Millennials: STOP EATING AVOCADOS!!!

Can Millennials Revive Call Center Commerce?

PYMNTS

Millennials have long borne the blame for a variety of problems in commerce, including the decline in popularity of diamonds and certain fast casual restaurants. Millennials could be helping to bring new life to call center commerce.

The Coming Millennial FinTech Crisis

PYMNTS

While they enjoy many FinTech innovations, most millennials don’t have a snowball’s chance of earning more than their parents — ever. But that downward slide took a nosedive for the kids born in the 1980s — or what we call today the millennial generation. It’s a fact.

Who needs millennials?

Chris Skinner

I have had many, many conversations about reaching the millennial customer. We need to be attractive to millennials? Millennials think differently, how do we reach them? Millennials are rejecting banks, is that right? The challenge today is to think like a Millennial.

Silicon Valley Is Losing Its Luster With Millennials

PYMNTS

Silicon Valley is losing its luster with young adults, as recent polling shows millennials are gearing up to leave the San Francisco area at an increased rate. Economy Bay Area employment migration Millennials News San Francisco Silicon Valley tech workers What's Hot

Millennials: An Untapped Resource to Drive Success

ForwardBanker

With millennials poised to outpace baby boomers as the largest generation and expected to represent 50 percent of the workforce by 2020, it’s more vital now than ever to prepare your millennial employees for the leadership roles ahead.

What ‘The Simpsons,’ Art And Millennials Have In Common

PYMNTS

Because the millennial art buyers are arriving – and what they buy, how they buy it and how they relate to it is very different than prior generations. The Simpsons,” Dolls, Shoes – The Eclectic World of Millennials’ Collections. The art world can be a strange place.

Marketing to millennials: a how-to guide

Cal Bank Trust

Millennials, those

Millennials Are Ready for the Bank of Amazon

Bank Innovation

11 survey from Accenture, millennial participants would consider parking their money with nontraditional institutions, and they picked winners. Commerce E-Commerce Mobile Online Payments Retail Startups Technology Accenture amazon Google Google Wallet millennials Mobile banking online bankin

The Retail Complexities Of Wooing Bridge Millennials

PYMNTS

The stated goal, according to new CEO Jim Brett, is for the brand to build back its audience, particularly among millennial shoppers. We believe the bridge millennial is the bellwether for how connected commerce will evolve over the next five to 10 years,” Webster wrote. “We

Open Banking Is A Must for Millennials, Bankers Claim

Bank Innovation

It’s crucial for banks to start participating in the finance revolution, especially as millennials are on the hunt for open banking—at least, according to bankers. DataBank Databank Innovations Online Technology APIs open banking Financial Regulation millennial customers psd2

How Millennials Shop For Furniture With Direct-To-Consumer Brands

PYMNTS

Millennials value experiences over things, as the familiar digital age adage goes, but sometimes millennials do, in fact, need actual things , such as sofas, beds and tables to furnish their apartments and houses. But the store has a decidedly digital native, millennial-friendly touch.

Turns Out, Millennials Are Not That Unique

Bank Innovation

Millennials are in the driver’s seat of innovation. But a new study from FIS, released this week, suggests that millennials are not as unique as many think — at least in terms of financial service preferences. DataBank Databank Mobile banking digital banking FIS millennial

Amex Updates Blue Cash Card To Reflect Millennials’ Spending

PYMNTS

The payment company said research shows millennials are spending the most on groceries, streaming and commuting. “If I had to pick, I’d argue that the best potential fits are older millennials and Gen Xers.

The Complexities Of Wooing Bridge Millennials

PYMNTS

The stated goal, according to new CEO Jim Brett – is for the brand to build back its audience particularly among millennial shoppers. We believe the Bridge Millennial is the bellwether for how connected commerce will evolve over the next five to 10 years,” Webster wrote. “We

Millennials Use Mobile Banking More (But Trust It Less)

Bank Innovation

While millennials remain the top adopters of mobile banking, the generation is also more likely to have problems with their financial apps, a new survey released by online mobile payment and identity verification company Jumio found.

AI/BOTS: AI Bank Tech And Millennials

PYMNTS

As more millennials become adults and baby boomers pass on, these young adults will have larger purchasing power. Census, shared that the number of millennials (75.4 Given these figures, and varying degrees of purchasing power, and interest in trying out new technologies in everyday settings, millennials seem to have the upper hand. Millennials especially want to use technology that empowers them to better manage their lives,” Taylor said.

By 2030 Millennials Will Have $20 Trillion In Wealth. Here’s What They Want In Robo-Advisors

Bank Innovation

Millennials are expected to have $20 trillion in wealth by 2030, according to a July 2018 CB Insights study. Currently, millennials’ combined financial assets come up to $4.5

Millennial Women Are (Still) Held Back from Investing by Student Debt, SoFi Says

Bank Innovation

Millennial women have the funds available to start investing, but are held back by a fear of beginning the process, as well as the typical reason most millennials aren’t investing: debt, a study released yesterday by loan provider SoFi found.

Plastic Pulls Weight With Millennials?

PYMNTS

millennials), “plastic does not even have to be a card anymore; it means access to … schemes such as Visa and Mastercard, perhaps through mobile devices … they will get on that and stay on that.”. Payment Methods Featured News lost in transaction Millennials PaysafePlastic.

Deep Dive: Bridge Millennials And The C-Store Experience

PYMNTS

Convenience store operators would be wise to pay close attention to the purchasing habits of a certain subset of consumer: the Bridge Millennial — the first generation of connected consumers with spending power. Building A Better Bridge Millennial Gas App.

The Future of Millennial Banking

Let's Talk Payments

Millennials now make up over 33% of the American workforce, and that number is only increasing. Banking Insights Asia insights Millennial Millennial BankingThe changing of the guard is upon us. Currently, the financial stability of these.

Want To Reach Millennials? Embrace Digital Creativity

PYMNTS

Is there a secret sauce for merchants to capture the evolving millennial? One formula that offers engaging consumer experiences, and doesn’t insult the intelligence of millennials, is a combination of private-label debit and rewards or loyalty programs. Millennials are the real drivers of adoption when it comes to mobile payments and rewards programs in general,” she said, “and more and more of our merchant partners are looking to us” to make those connections with consumers.

Millennials Spend Less While On Business Trips

PYMNTS

Millennials get a bad rap for everything from being unable to commit to a job to jeopardizing the cereal market. But, here’s a bit of good news coming out of travel and expense management company Concur: Businesses that have millennials in their workforces may actually save money — at least when it comes to business travel. Millennials spend, on average, 18 percent less than employees aged 36 to 65 on dining and entertainment, but spend on meals is a bit more similar.

With Home Equity Lacking, Will Millennials Embrace POS Financing?

PYMNTS

Against this backdrop, we find, then, that millennials do not embrace credit cards as readily as other groups of users. Bankrate has estimated that roughly 33 percent of millennials have cards. For the younger generation, for cash flow, look beyond four walls.

It’s Time to Stop Ignoring the Millennial HomeBuyer, Better Mortgage Growth Suggests

Bank Innovation

Most of this funding (75%, according to figures, it released last week) went to millennial homebuyers, the majority of which were also first-time […].

Helping Millennials Live Financially Ever After

PYMNTS

When Honeyfi got off the ground in 2017, it had a pretty simple idea.

Robo-Advising on the Rise Among Full-Service Millennials

Bank Innovation

One fourth of full-service millennial investors have either tried, or are actively using, a robo-advisory platform, according to a new study by J.D. The study suggests that millennials have now accumulated enough wealth to be in the “sweet spot” for engaging a wealth manager.

Millennial Investors Are Not Over the Financial Crisis

Bank Innovation

Millennial investor habits were most strongly affected, the survey of more than 15,000 global investors […]. DataBank Databank Innovations Investing millennial investingThink the financial world has finally recovered from the 2008 crisis? Think again.

Deep Dive: How Bridge Millennials Are Reinventing The Gas Run

PYMNTS

Among the most influential drivers of retail change is a subset of consumers PYMNTS identifies as “ Bridge Millennials.” It also spends approximately $2,225 per year on retail purchases, which is more than $830 more than baby boomers and nearly $300 more than younger millennials.

Might Millennials’ Dissatisfaction Hint At Housing Downturn To Come?

PYMNTS

News came this week, as noted across sites such as CNBC , that millennial homeownership has been creeping along. Bankrate polled 1,500 homeowners, and found that 63 percent of millennials say they have regrets about having bought the home they are in.

Millennial Employees: The Untapped Resource to Your Institution’s Success

ForwardBanker

With millennials poised to outpace baby boomers as the largest generation and expected to represent 50 percent of the workforce by 2020, it’s more vital now than ever to prepare your millennial employees for the leadership roles ahead. The post Millennial Employees: The Untapped Resource to Your Institution’s Success appeared first on Deluxe FS. Deluxe Performance Management leadership Millennial Millennials thought leadership

Millennials Actually Trust Traditional Banks More than Venmo

Bank Innovation

No matter what industry you’re in, the chance of success depends on the knowledge and insight you have regarding your customer base, which for both traditional banking institutions and fintech startups means focusing on millennials.

Millennials (And More) In A Time Machine

Credit Union Geek

The post Millennials (And More) In A Time Machine appeared first on Credit Union Geek. I hadn't noticed." - The Doctor baby boomers gen x gen z generations history marketing member experience millennials relationshipsOriginally published on CUInsight.com Market to Millenials!

Millennials SME Owners Prefer Online Alternative Lenders to Tradtional Ones

Bank Innovation

small businesses, specifically and unsurprisingly with those run by millennials, according to a new report by Mercator Advisory Group. According to Mercator’s report, Business Banking Services: Keeping Up with Millennial Owners, 27% of total U.S.

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What Post-Millennials Like

PYMNTS

Just as marketers started to get the hang of this newfangled “millennial” crowd, the next generation comes along to shake things up with different values, preferences and spending patterns. Some call them Generation Z, some call them post-millennials. By 2020, post-millennials are projected to make up some 40 percent of North America’s population. But the real surprise here comes from post-millennial media viewing numbers.

Millennials Shun Credit Cards After Getting Denied

PYMNTS

26) new research that revealed over six out of 10 millennials declined for credit are not seen applying again for at least 12 months. In a press release , the company said the study found that millennials often apply for credit but are declined due either to their lack of credit history or to low credit scores, despite often having an ability to repay, according to data from the ID Analytics ID Network, one of the nation’s largest networks of cross-industry consumer behavioral data.

The Millennial-Driven Evolution Of Jet.com

PYMNTS

To get more millennials on board, the Bentonville, Arkansas-based retailer is rolling out offerings designed to attract younger, well-to-do consumes in urban areas. Jet.com is broadening its selection and rolling out same-day delivery in the Big Apple for kinds of items that millennials purportedly crave, like craft beer and local foods. Beyond carrying big brand products, Jet.com launched a private-label brand called Uniquely J last year to home in on the urban millennial crowd.