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Digital Banking, With Millennial, Mobile – And Governmental – Tailwinds

PYMNTS

As many as 72 percent of bridge millennials say mobile apps are important for accessing bank accounts. In addition, passporting can help companies expand services across nations. Last week, money transfer company B2B Pay said it plans to become a regulated financial institution and is raising money to pursue licensure.

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TRENDING: Are Credit Unions The Hipster FI?

PYMNTS

The nation’s first credit union (CU) was founded in 1908 to serve mill workers in the Manchester, New Hampshire area. Today, more than a century later, that credit union is still operational and is now focused on serving a new type of member: millennials. From mill works to millennials … the nation’s oldest credit union speaks.

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Stock-Trading Platform Robinhood Eyes Banking Services

PYMNTS

Sources say Robinhood Markets is in talks with regulators about offering banking services to its more than 4 million users. The app was specifically targeted at millennials — roughly 80 percent of the Robinhood app’s beta testers were under 30 years old, with an average age of 26.

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NEW REPORT: Giving Credit Unions Their Due Credit

PYMNTS

In fact, the federally backed National Credit Union Administration (NCUA) reported credit union membership grew by 4.3 This inaugural edition of the Tracker covers the most significant recent developments from around the credit union market, including notable innovations, industry partnerships and efforts to challenge and change regulations.

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Prepaid’s Summer Of Uncertainty

PYMNTS

Brad Fauss, CEO of the National Branded Pre-Paid Card Association and MPD CEO Karen Webster dug into the potential for these rules to create the kind of inconsistencies that could very well disadvantage the very consumers that the CFPB intended to protect. And for some consumers, especially millennials, that’s just not their choice.”

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Why ?Dining Out? Is About To Become A Much More Literal Term

PYMNTS

Enthusiasm for re-entering a possibly contaminated world isn’t terribly high among millennials, bridge millennials and Gen Xers, many of whom have shifted to digital habits over the last eight weeks or so – and plan to keep it that way, instead of transitioning back to the real world.

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As UK Readies For Open Banking, FinTechs Struggle With SMB Awareness

PYMNTS

financial institutions (FIs) have been advised to comply with the EU’s Revised Payment Service Directive (PSD2) regulations despite Brexit, but the U.K. The financial management hurdles are especially acute for millennial entrepreneurs, according to findings from Nesta’s report, released earlier this month.

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