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Banks should know these 5 Traits of Millennial business owners

Abrigo

Everywhere you look, it seems, there are articles about Millennials: Millennial workers, Millennial customers, Millennial homeowners, Millennial voters. And banks and credit unions looking to grow business loan portfolios , especially, can benefit from insights into Millennial entrepreneurs.

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How fraudsters target different generations

Independent Banker

Fraudsters typically target millennials via text messages that promise rewards, shipment tracking and other automated messages that make them vulnerable to phishing attacks.”. Someone with a large online profile and presence—emails, apps and account passwords—could be more susceptible to a ransomware attack. Brandon Koeser, RSM US LLP.

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How CFIs Can Remain Relationship-Focused in a Digital World

Abrigo

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. Lending & Credit Risk. Credit Risk Management. Lending & Credit Risk. SBA Lending.

Lending 259
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How CFIs Can Remain Relationship-Focused in a Digital World

Abrigo

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. Lending & Credit Risk. Credit Risk Management. Lending & Credit Risk. SBA Lending.

Lending 195
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PayPal Deal, Connected Economy And Cyberwar Top Week’s News

PYMNTS

With roughly 17 million active users each month and 30,000 diverse online retailers, Honey has delivered some $1 billion in savings to shoppers in the past year. David Chubak will head all retail sectors — branches, mortgages, wealth, risk management and small business, according to a memo. Battle For Millennials.

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Digital Signatures Today

Independent Banker

But in today’s business environment, where remote or online signatures have become increasingly common, determining each party’s intent—and verifying the authenticity of a remotely executed signature—can be a significant challenge. Online signature does require some thought about authentication of the signer.

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Can Academic Data Ace The Credit History Conundrum?

PYMNTS

That data, he notes, allows lenders to make better-informed risk management decisions that also happen to be more inclusive. The millennial customer wins because they have an opportunity to access the credit resources they need, while the lender wins because they aren’t turning away good business.

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