Post Tagged with: "millennials"

Maybe This is Why Millennials Are Attracted to the Startup Life

Maybe This is Why Millennials Are Attracted to the Startup Life

by September 8, 2016 at 11:10 am 0 comments

For fintech, millennial consumers are–let’s go with challenging–according to the huge quantities of rigorous data collected on them. That might be for three main reasons: They don’t trust banks or credit lenders (at all), it’s hard to predict what they’ll like in a financial service provider — and what they’llRead More

Millennials Actually Trust Traditional Banks More than Venmo

Millennials Actually Trust Traditional Banks More than Venmo

by August 23, 2016 at 10:01 am 3 comments

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. The millennial desire for speed, ease, and efficiency has been remarked upon almost exhaustively in fintech,Read More

D+H: Millennial Employees Drive Banks to Adapt to Digital Age

D+H: Millennial Employees Drive Banks to Adapt to Digital Age

by August 10, 2016 at 11:27 am 1 comment

It’s not just millennial customers banks are adjusting to today — it’s millennial employees. With the emergence of new technologies, channels, and strategies, banking customers — not to mention working professionals in the financial world — have come to expect faster, smoother solutions and services from their financial institutions. ForRead More

Bank of America Study Shows Darker Side of Mobile

Bank of America Study Shows Darker Side of Mobile

by June 21, 2016 at 10:44 am 2 comments

Make no mistake, Bank of America is committed to mobile, and reveals more about its work on the platform than most banks. One example is the inclusion of BofA’s mobile check deposit figures in its quarterly earnings call. Few, if any of other banks, lay it out so starkly. That’s whyRead More

Robos and Credit Cards Coming to Ally Customers Soon

Robos and Credit Cards Coming to Ally Customers Soon

by June 15, 2016 at 9:31 am 3 comments

Ally Bank is all about appealing to its “digitally savvy” millennial customers base, says CEO Diane Morais. And rightfully so, since millennials now comprise nearly half – 48% – of the digital bank’s customer base. In that spirit, Ally is focusing its efforts on digital wealth management and credit cards, Morais saidRead More

With Geezeo Partnership, Malauzai Adds PFM

With Geezeo Partnership, Malauzai Adds PFM

by April 12, 2016 at 12:54 pm 1 comment

Austin, Texas-based Malauzai‘s online and mobile platforms will now include personal financial management tools. This means that before you pay that bill with a snap of your smartphone camera, you can check what other bills are coming due this week, and how much this will cut into your planned tripRead More

Ally Buys TradeKing to Move into Wealth Management Sector

Ally Buys TradeKing to Move into Wealth Management Sector

by April 6, 2016 at 9:50 am 1 comment

The branchless financial institution Ally Bank is expanding its offerings with the upcoming acquisition of TradeKing, a wealth management platform, announced yesterday. Ally had floated this ambition back in February. Ally has been adding to the functionality of its mobile app at a fast clip recently. Just last month, the bank announced theRead More

Breaking Banks: Big Data Use in Real-Time Transactions [AUDIO]

Breaking Banks: Big Data Use in Real-Time Transactions [AUDIO]

by April 1, 2016 at 1:31 pm 0 comments

Brett King opened yesterday’s episode of Breaking Banks with the new Citibank report, which suggests disruption will lead to a 30% cut in employees across the retail banking sector. Next up was data and its use in providing context to the consumer experience. Pat Phelan of Trustev and Paul Siegfried of TransUnion spoke about the developmentsRead More

Millennials’ Mobile Banking Usage Is Now Close to 70%

Millennials’ Mobile Banking Usage Is Now Close to 70%

by March 30, 2016 at 11:04 am 2 comments

For Gen Y, the rallying cry was, “I want my MTV.” For Millennials, the cry might as well be, “I want my mobile banking.” About 67% of Millennials now use mobile banking, according to a study released today by the Federal Reserve. This compares to 18% for those consumers aged 60Read More

Coolest Brands 2016: VenmoIf You Don’t Venmo, You’re So Old

Coolest Brands 2016: Venmo

If You Don’t Venmo, You’re So Old

by February 16, 2016 at 8:44 am 2 comments

When you borrow money from someone, how do you say you’ll pay it back (even if you don’t mean it)? There is a “Venmo line” — Paypal CEO Dan Schulman placed it around age 30 — which divides those who Venmo (verb) and those who do not. Why is Venmo,Read More