Expert insights. Personalized for you.
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 millennialsIf you’re in fintech, you’ve probably heard that statement more than once. MORE
Millennials have been unloading Tesla shares a week before the company revealed disappointing Q1 delivery numbers. Within the past week, a net 5,600 accounts on trading app Robinhood , which is popular with millennials, left their Tesla position, with the number of accounts holding the automaker’s shares falling by more than 4 percent. Investments Amazon automotive Branding delivery ecommerce Millennials News q1 Shares stocks Tesla vehicle sales What's Hot MORE
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. While 53% of millennial women have emergency money set aside — about three- to six-plus […]. DataBank Lending Premium Startups Investing lending millennial women millennials savings SoFi student debt MORE
It has been suggested that millennials are averse to having and using credit cards. Millennials are in fact as likely as other generations to have credit cards, with nearly nine out of 10 having at least one card, according to PYMNTS’ latest research. MORE
Bridge millennials’ rise is changing the retail ecosystem ahead of the 2019 holiday season, but their impacts will continue to be felt in the year ahead. Bridge millennials are consumers aged 30 to 40 whose shopping and financial preferences straddle Gen X and millennial demographics. MORE
To move toward retirement, and to have the money in place to get there, millennials need to make the leap from bare bones banking — checking and savings — into investing. Statistics, he said, show that three out of five millennials don’t invest at all, opting instead to stay on the sidelines. MORE
It was only a few short years ago that the conventional wisdom was that millennials were shaping up to be slower entering the homebuying market than their Gen X siblings and baby boomer parents. Millennials are no longer holding back when it comes to homeownership. MORE
Millennials have long been sought-after travel and hospitality customers, partly because they are perfectly placed to seek such experiences. This unique status creates both opportunities and challenges for firms in the space, as millennials search for the experiences they crave. MORE
Anyone who’s spent a frustrating afternoon explaining Facebook privacy settings to their parents can tell you that millennials are naturally good at technology. Millennials have been raised on the Internet, touch screens and the cloud, so naturally they have a more intuitive understanding of technology and can pick up systems and applications that are built […]. MORE
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. Many of the soberish millennials interview for the article, for example, noted that they had substituted the use of cannabis for the use of alcohol. Folks in the millennial generation have maybe a better sense of balance. MORE
Digital payment and banking technology provider i2c has teamed with Zytara , a FinTech firm geared toward millennial and Generation Z gamers and their households. Partnerships / Acquisitions banking FinTech Gaming Generation Z i2C Millennials News partnerships What's Hot Zytara MORE
Recent research finds that 67 percent of millennial business owners operate independent companies rather than franchises. Millennial business owners are also 14 percent more likely to struggle with money problems than those who are baby boomers. MORE
As to who’s getting instant payments and where they are getting those payments from, it’s the bridge millennials, the younger generations, right on down to Generation Z. And the data show that millennials and Gen Z are among those cohorts most likely to have received instant payments. MORE
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 psd2According to a survey of 300 banking officials, conducted by Marketforce and Earnix, developing open APIs is becoming more and more crucial to retaining customers. In fact, 80% of the […]. MORE
Consumers of all generations use BNPL tools, but millennial and Gen Z shoppers are doing so at markedly higher rates than older generations. PYMNTS’ survey found that 15 percent of millennials and 5.7 BNPL’s Resiliency In Millennials. MORE
Reynolds Group Holdings is actively working to court the millennial market , which has a particularly strong focus on convenience. For this reason, the firm has focused keenly on recipe integration in recent years — and, as it turns out, millennials are excellent recipe followers. MORE
Airline perks could include more millennial-friendly offerings in the near future, like e-book and virtual exercise subscriptions, along with more adaptable ways to redeem air miles and book flights, The Wall Street Journal reports. MORE
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. Power millennials robo robo advisorsPower. Digital advisory is also popular among Xennials–those born between 1978 […]. DataBank Databank Technology Wealth Management J.D. MORE
Morgan Stanley launched a robo-advisor to target fintech’s darling demography – millennials. Exclusive Mobile Online Uncategorized millennial Morgan Stanley robo-advisorThe robo-advisor, which is called Morgan Stanley Access Investing, was unveiled yesterday. The online service has a 0.35% advisory and users are required to have a minimum investment of $5,000. Morgan Stanley’s robo-advisor users can invest in mutual funds and ETFs. This is […]. MORE
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 bankingAmazon wins, once again, at a game it didn’t even know it was playing. According to a Jan. MORE
Born between 1981 and 1996 and numbering over 75 million, millennials have become the largest demographic group in the US, according to the Brookings Institution MORE
While they enjoy many FinTech innovations, most millennials don’t have a snowball’s chance of earning more than their parents — ever. It’s one thing for the millennial offspring of the billionaire hedge-fund scions to fall short of making a billion because they only manage to pull down $760 million a year. 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. MORE
Some millennials, in one case, would abandon travel booking processes if their preferred payment method was not offered. millennials who pay for hotels with debit cards or cash. 50%: Projected share of millennial spend in the personal luxury market by 2025. MORE
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. While baby boomers have reached the same level of adoption as millennials at least when it comes to online.Read More. DataBank Mobile Premium Security Jumio millennial banking Mobile banking MORE
Buy Now and Pay Later has become a trend during 2020 and looks like, given the appeal it has for Millennials and Gen Z's it will be part of the payments industry in the future. MORE
That’s especially true for bridge millennials, those 32- to 42-year-olds, entering the prime time of their spending years. PYMNTS survey found that bridge millennials are almost twice as likely as the average consumer to use voice-activated technology to make purchases. MORE
While younger people in the millennial and Gen Z age groups report high levels of stress in a recent survey, the COVID-19 pandemic is not necessarily the main reason for that, CNBC reports. Economy 2020 Deloitte Millennial Survey financial stress Gen Z Millennials News pandemic What's Hot MORE
San Francisco-based Empower Finance, a mobile banking app aimed at helping millennials save wealth, has raised $20 million in a Series A funding round led by Defy Ventures and Icon Ventures, according to a report. MORE
Millennials have grown up with technology and generally avoid traditional credit cards in favor of digital payments. Tim Harris, CEO of FuturePay outlines how to interest this group in digital revolving credit solutions MORE
Millennial-Banking Apps Are Struggling. Chase’s decision to shut down Finn and Wells Fargo’s move to stop adding users for Greenhouse raises the question as to whether there’s really demand from millennials for apps that are separate from a bank’s main offerings. MORE
Another musing whilst on holiday is that it is difficult to get into the head of a twenty- or thirty- something millennial when you’re a Gen X or Baby Boomer. This … The post Millennials: are you cool or history? In my head, I still think I’m 20 but, when I look in the mirror, I know I’m not. appeared first on Chris Skinner's blog. Future Grid History Humour Opinion MORE
228 
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 DataBanking has gone beyond the branch, and financial services are increasingly rendered in bits and bytes. As found by the Digital Banking Tracker , the younger generation is apt to use apps, especially when it comes to navigating accounts. MORE
Demand will be robust, the report said, and with low rates, rising rents and “the ever-expending Millennial population” all contributing to that demand. The data show that millennials’ share of mortgage originations will pass 50 percent this spring — outnumbering boomers and Gen X’ers. MORE
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!!! MORE
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 conversation seems to be one amongst older generational people who haven’t realised that the millennials is now their CFO, CEO, CDO and, in some cases, CEO. The challenge today is to think like a Millennial. MORE
As these ultra-online millennials return to public spaces, as a plurality of millennials (43 percent) say they will do once the vaccine rollout is complete and as 41 percent say they will do when cases decrease, eGrocers will have to work hard to maintain and grow their share of millennial spending. MORE
Millennials Related Topics PYMNTS
APRIL 19, 2021
As these ultra-online millennials return to public spaces, as a plurality of millennials (43 percent) say they will do once the vaccine rollout is complete and as 41 percent say they will do when cases decrease, eGrocers will have to work hard to maintain and grow their share of millennial spending.
PYMNTS
NOVEMBER 2, 2020
To move toward retirement, and to have the money in place to get there, millennials need to make the leap from bare bones banking — checking and savings — into investing. Statistics, he said, show that three out of five millennials don’t invest at all, opting instead to stay on the sidelines.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Chris Skinner
AUGUST 7, 2018
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!!!
PYMNTS
DECEMBER 8, 2020
It was only a few short years ago that the conventional wisdom was that millennials were shaping up to be slower entering the homebuying market than their Gen X siblings and baby boomer parents. Millennials are no longer holding back when it comes to homeownership.
.png)
Mobile Payments Today
AUGUST 18, 2020
Millennials have grown up with technology and generally avoid traditional credit cards in favor of digital payments. Tim Harris, CEO of FuturePay outlines how to interest this group in digital revolving credit solutions
PYMNTS
OCTOBER 19, 2020
That’s especially true for bridge millennials, those 32- to 42-year-olds, entering the prime time of their spending years. PYMNTS survey found that bridge millennials are almost twice as likely as the average consumer to use voice-activated technology to make purchases.
PYMNTS
FEBRUARY 8, 2021
Airline perks could include more millennial-friendly offerings in the near future, like e-book and virtual exercise subscriptions, along with more adaptable ways to redeem air miles and book flights, The Wall Street Journal reports.
PYMNTS
DECEMBER 10, 2020
It has been suggested that millennials are averse to having and using credit cards. Millennials are in fact as likely as other generations to have credit cards, with nearly nine out of 10 having at least one card, according to PYMNTS’ latest research.
PYMNTS
NOVEMBER 5, 2020
As to who’s getting instant payments and where they are getting those payments from, it’s the bridge millennials, the younger generations, right on down to Generation Z. And the data show that millennials and Gen Z are among those cohorts most likely to have received instant payments.
Mobile Payments Today
SEPTEMBER 15, 2020
Born between 1981 and 1996 and numbering over 75 million, millennials have become the largest demographic group in the US, according to the Brookings Institution
Bank Innovation
JANUARY 20, 2017
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 bankingAmazon wins, once again, at a game it didn’t even know it was playing. According to a Jan.
|
PYMNTS
FEBRUARY 23, 2021
Digital payment and banking technology provider i2c has teamed with Zytara , a FinTech firm geared toward millennial and Generation Z gamers and their households. Partnerships / Acquisitions banking FinTech Gaming Generation Z i2C Millennials News partnerships What's Hot Zytara
Bank Innovation
APRIL 12, 2017
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 psd2According to a survey of 300 banking officials, conducted by Marketforce and Earnix, developing open APIs is becoming more and more crucial to retaining customers. In fact, 80% of the […].
Mobile Payments Today
FEBRUARY 5, 2021
Buy Now and Pay Later has become a trend during 2020 and looks like, given the appeal it has for Millennials and Gen Z's it will be part of the payments industry in the future.
PYMNTS
JUNE 28, 2019
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 DataBanking has gone beyond the branch, and financial services are increasingly rendered in bits and bytes. As found by the Digital Banking Tracker , the younger generation is apt to use apps, especially when it comes to navigating accounts.
Bank Innovation
MAY 25, 2017
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 millennialsIf you’re in fintech, you’ve probably heard that statement more than once.
PYMNTS
APRIL 5, 2019
Millennials have been unloading Tesla shares a week before the company revealed disappointing Q1 delivery numbers. Within the past week, a net 5,600 accounts on trading app Robinhood , which is popular with millennials, left their Tesla position, with the number of accounts holding the automaker’s shares falling by more than 4 percent. Investments Amazon automotive Branding delivery ecommerce Millennials News q1 Shares stocks Tesla vehicle sales What's Hot
PYMNTS
MARCH 6, 2020
San Francisco-based Empower Finance, a mobile banking app aimed at helping millennials save wealth, has raised $20 million in a Series A funding round led by Defy Ventures and Icon Ventures, according to a report.
Bank Innovation
DECEMBER 5, 2017
Morgan Stanley launched a robo-advisor to target fintech’s darling demography – millennials. Exclusive Mobile Online Uncategorized millennial Morgan Stanley robo-advisorThe robo-advisor, which is called Morgan Stanley Access Investing, was unveiled yesterday. The online service has a 0.35% advisory and users are required to have a minimum investment of $5,000. Morgan Stanley’s robo-advisor users can invest in mutual funds and ETFs. This is […].
PYMNTS
DECEMBER 10, 2019
Bridge millennials’ rise is changing the retail ecosystem ahead of the 2019 holiday season, but their impacts will continue to be felt in the year ahead. Bridge millennials are consumers aged 30 to 40 whose shopping and financial preferences straddle Gen X and millennial demographics.
PYMNTS
MARCH 13, 2020
Recent research finds that 67 percent of millennial business owners operate independent companies rather than franchises. Millennial business owners are also 14 percent more likely to struggle with money problems than those who are baby boomers.
PYMNTS
MARCH 16, 2021
Consumers of all generations use BNPL tools, but millennial and Gen Z shoppers are doing so at markedly higher rates than older generations. PYMNTS’ survey found that 15 percent of millennials and 5.7 BNPL’s Resiliency In Millennials.
PYMNTS
JUNE 25, 2020
While younger people in the millennial and Gen Z age groups report high levels of stress in a recent survey, the COVID-19 pandemic is not necessarily the main reason for that, CNBC reports. Economy 2020 Deloitte Millennial Survey financial stress Gen Z Millennials News pandemic What's Hot
PYMNTS
DECEMBER 5, 2019
Demand will be robust, the report said, and with low rates, rising rents and “the ever-expending Millennial population” all contributing to that demand. The data show that millennials’ share of mortgage originations will pass 50 percent this spring — outnumbering boomers and Gen X’ers.
PYMNTS
DECEMBER 19, 2016
While they enjoy many FinTech innovations, most millennials don’t have a snowball’s chance of earning more than their parents — ever. It’s one thing for the millennial offspring of the billionaire hedge-fund scions to fall short of making a billion because they only manage to pull down $760 million a year. 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.
PYMNTS
JANUARY 10, 2020
Some millennials, in one case, would abandon travel booking processes if their preferred payment method was not offered. millennials who pay for hotels with debit cards or cash. 50%: Projected share of millennial spend in the personal luxury market by 2025.
Bank Innovation
MARCH 8, 2018
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. While baby boomers have reached the same level of adoption as millennials at least when it comes to online.Read More. DataBank Mobile Premium Security Jumio millennial banking Mobile banking
PYMNTS
JANUARY 13, 2020
Millennials have long been sought-after travel and hospitality customers, partly because they are perfectly placed to seek such experiences. This unique status creates both opportunities and challenges for firms in the space, as millennials search for the experiences they crave.
PYMNTS
FEBRUARY 11, 2020
Reynolds Group Holdings is actively working to court the millennial market , which has a particularly strong focus on convenience. For this reason, the firm has focused keenly on recipe integration in recent years — and, as it turns out, millennials are excellent recipe followers.
Chris Skinner
JANUARY 25, 2018
Another musing whilst on holiday is that it is difficult to get into the head of a twenty- or thirty- something millennial when you’re a Gen X or Baby Boomer. This … The post Millennials: are you cool or history? In my head, I still think I’m 20 but, when I look in the mirror, I know I’m not. appeared first on Chris Skinner's blog. Future Grid History Humour Opinion
PYMNTS
JULY 15, 2020
Millennial-Banking Apps Are Struggling. Chase’s decision to shut down Finn and Wells Fargo’s move to stop adding users for Greenhouse raises the question as to whether there’s really demand from millennials for apps that are separate from a bank’s main offerings.
Bank Innovation
APRIL 6, 2018
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. While 53% of millennial women have emergency money set aside — about three- to six-plus […]. DataBank Lending Premium Startups Investing lending millennial women millennials savings SoFi student debt
Bank Innovation
APRIL 11, 2017
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. Power millennials robo robo advisorsPower. Digital advisory is also popular among Xennials–those born between 1978 […]. DataBank Databank Technology Wealth Management J.D.
PYMNTS
APRIL 9, 2019
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. Many of the soberish millennials interview for the article, for example, noted that they had substituted the use of cannabis for the use of alcohol. Folks in the millennial generation have maybe a better sense of balance.
Bank Innovation
SEPTEMBER 18, 2019
Anyone who’s spent a frustrating afternoon explaining Facebook privacy settings to their parents can tell you that millennials are naturally good at technology. Millennials have been raised on the Internet, touch screens and the cloud, so naturally they have a more intuitive understanding of technology and can pick up systems and applications that are built […].
Let's personalize your content