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Millennials' spending doesn't reflect their economic plight, TD warns

Payments Source

The findings of a recent TD Bank survey suggest that targeting millennials for new credit cards will require surgical risk-management as the economy lurches toward an uneven recovery.

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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 CFIs Can Remain Relationship-Focused in a Digital World

Abrigo

Banking technology and digital offerings have long been associated with the preferences of Millennials and Gen Z, but the coronavirus has quickly reshaped banking behaviors. These findings are true among all generations surveyed. These findings are true among all generations surveyed. Lending & Credit Risk.

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How CFIs Can Remain Relationship-Focused in a Digital World

Abrigo

Banking technology and digital offerings have long been associated with the preferences of Millennials and Gen Z, but the coronavirus has quickly reshaped banking behaviors. These findings are true among all generations surveyed. These findings are true among all generations surveyed. Lending & Credit Risk.

Lending 195
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Data Dive: Disappointment Edition

PYMNTS

Disappointed millennials rejected by credit card companies. Millennials — Once Rejected, Twice Shy. Millennials’ “take it or leave it” attitude toward credit has been well documented over the last several years. Because there was lots of disappointment to go around last week.

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Digital Banking: Humanizing the Customer Experience

FICO

That said, customers have increasingly high standards and you only have a short amount of time to impress them (especially Millennials). Ensure that your fraud and risk management processes aren’t forcing them to visit. People want to master their financial lives and they want engaging content that teaches them how.

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BNPL Fraud — When "Buy Now, Pay Later" Backfires

FICO

The company says that over half of Afterpay’s customers in the United States are millennials, aged 25 to 40 years old. Afterpay’s growth numbers are consistent with those contained in the Journal article , which says that roughly one in five millennials used a buy now, pay later service in 2020, about double the rate of Gen X.

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