CB Insights

SEPTEMBER 10, 2019

While the media often portrays millennials as preoccupied with the rising prices of festival tickets and avocado toast, their real financial concerns are a bit more practical. But millennials face significant headwinds in making those financial dreams a reality. get the REPORT on next generation investors. From big banks to big tech.

Millennials 77

Millennials Mobile Lending Cards 77

PYMNTS

MAY 4, 2020

Robinhood Markets, coming off a new $280 million funding round backed by Sequoia Capital, has seen its value and services expand during the coronavirus pandemic, according to a Reuters report. More market turmoil has also driven people’s interest. The company, launched in 2013, is now valued at $8.3

FDIC 131

FDIC Fintech Millennials Management 131

PYMNTS

DECEMBER 15, 2016

This would beat out the competition — traditional retailers many with brick-and-mortar storefronts — that was seeing fewer millennial couples walking into their stores. Founded in 2013, Zola offers the couples to pick and choose from products — 40,000 of them — while also accepting cash for experiences together.

Millennials 100

Millennials Retail Company Marketing 100

PYMNTS

MAY 13, 2017

Pew’s latest data indicates that more millennials are finishing college only to move back home, and once they’re in, they tend to stay around longer than their older siblings or parents did. Millennials Moving Home. And the number is on the rise within the millennial cohort — 12 percent of millennials were living at home in 2010.

Millennials 101

Millennials Survey Data Report 101

PYMNTS

NOVEMBER 16, 2017

Mary’s has since occupied the same site, constructing a new building in 1970 and replacing that structure with its current headquarters in 2013. From Mill Workers to Millennials. CUs that are invested in millennial expectations will have an edge over their community competition, he said. “We PYMNTS recently spoke with St.

Millennials 101

Millennials US New Hampshire Resources 101

PYMNTS

JUNE 18, 2019

It was said to have become “the market leader” in some countries such as Ireland and the U.K. The company was sold to Criterion Capital less than two years after, and the Birches purchased it for $1 million in 2013. Through its last pivot, the company attempted streaming services for players of eSports.

social media 108

social media Millennials Video Report 108

PYMNTS

MARCH 6, 2019

But in recent memory, few goods on the market have gained quite the level of public affection — bordering on obsession — that the Instant Pot has managed to elicit in less than a decade on the market. Yes, Instant Pot-side chats are the fireside chats of the millennial generation.

Branding 108

Branding Millennials Innovation Marketing 108

PYMNTS

SEPTEMBER 8, 2016

The drones start at a Chipotle food truck, pick up the goods, fly it over to the student and lower the burrito right into the grasp of a lucky millennial. Back in 2013, the FAA selected Virginia Tech, as part of the Mid-Atlantic Aviation Partnership (MAAP), to be one of six unmanned aircraft test sites.

Google 100

Google Virginia Millennials Course 100

PYMNTS

SEPTEMBER 8, 2016

The drones start at a Chipotle food truck, pick up the goods, fly it over to the student, and lower the burrito right into the grasp of a lucky millennial. Back in 2013, the FAA selected Virginia Tech, as part of the Mid-Atlantic Aviation Partnership, to be one of six unmanned aircraft test sites.

Google 100

Google Virginia Millennials Course 100

Abrigo

MAY 5, 2022

or largely focused on the domestic banking market. If you have an interesting podcast to share, please send it to marketing@abrigo.com. Breaking Banks Breaking Banks , billed as the #1 global fintech podcast and radio show, began in 2013 and is hosted by media firm Provoke.fm. Check them all out in our Knowledge Center.

Community 195

Community Lending Maine Resources 195

PYMNTS

FEBRUARY 20, 2019

The news about Tencent’s investment stance comes amid fresh signs that Chinese companies, facing a slowing economy at home, are increasingly looking to tap new markets aboard. Go-Jek entered the digital payments market in the spring of 2016 and by January of 2017, it said Go-Pay accounted for more than half of its transactions.

Mobile 129

Mobile America Fintech Capital 129

PYMNTS

OCTOBER 21, 2019

The move comes amid growth in the larger maternity market, however, with sales of that apparel expected to reach $7.7 billion in 2013, representing a 2.10 Growing number of working pregnant women and increasing demand from developing regions are the basic factors that will boost the maternity apparel market,” that report said.

Trends 101

Trends Retail social media Online 101

PYMNTS

SEPTEMBER 12, 2018

A lifestyle brand for millennial buyers with an eye for design – but perhaps not the pocketbook for designer prices – the watch and accessories startup MVMT started on its path in 2013. Being millennials, shopping online, seeing the growth of eCommerce before it really blew up … we saw that coming.”

social media 101

social media Branding Millennials Groups 101

Celent Banking

APRIL 23, 2015

Another observation is that much of the debate is deeply polarized – all or nothing – as if banks serve a static and homogeneous market. We hear it all the time; “Millennials don’t use branches.” “Old Interestingly, this appeared to be more likely among large banks. Neither is true. Old people don’t use digital channels” and so on.

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Survey Mobile Millennials ATM 100

South State Correspondent

AUGUST 16, 2023

Even if your bank has limited consumer exposure, given that the consumer composes approximately 66% of the US economy, and, according to the yield curve and market pundits, we are all staring into a recession, paying close attention to consumer trends is critical. We are seeing the lowest origination totals since 2013.

Trends 195

Trends Cards Capital Data 195

PYMNTS

DECEMBER 14, 2019

If you haven’t heard – well, someone in Disney’s marketing department is about to be fired, since the House Of Mouse (and superheroes, Wookiees and Jedis) has been fairly unsubtle in its attempts to make sure the entire U.S. As you may have heard, there is a new Star Wars movie coming out in a little under a week. Mostly, but not entirely.

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Maine Retail Innovation Millennials 170

PYMNTS

AUGUST 27, 2018

percent, it is one-third lower than it was in 2013. Layered over those two issues, card issuers are also increasingly under pressure to offer generous rewards to attract new customers, with millennials often switching between cards to get the most out of rewards and interest rates, putting an even greater squeeze on revenue.

Data 103

Data Cards Millennials Groups 103

PYMNTS

NOVEMBER 23, 2017

The last time Thanksgiving was this cheap was 2013,” John Newton, the federation’s Market Intelligence director. Wholesale turkey prices are now below $1 [per pound] for the first time since 2013,” said Newton. “We According to the American Farm Bureau Federation, 2017’s dinner table prices are hitting five-year lows.

National 131

National Retail Survey Examples 131

PYMNTS

JULY 8, 2019

Indeed, when he was talking to potential Aspiration investors back in 2013 and 2014, he told Webster, his vision didn’t exactly spark confidence among the people with money. “It We try to provide information about the average fee for (the different) kinds of products in the market, ranging from the lowest fee to the highest fee,” Cherny said.

Retail 116

Retail New York City Millennials Boston 116

PYMNTS

AUGUST 21, 2018

Six days later, The New York Times reported that Bear Stearns was dangling on the age of bankruptcy and a forced liquidation after it posted a 61 percent drop in net profits as a result of hedge fund losses in the subprime mortgage market. into a depression a la 1929. Things could have theoretically been much, much worse.

US 100

US Millennials New York St. Louis 100

PYMNTS

APRIL 13, 2018

According to a report issued by Moody’s earlier this week, the retail sector managed to notch a record number of defaults during Q1 2013, with nine retailers defaulting on their debt. Among them, according to the central bank: Financial markets this year. The opportunity beckons in a $200 billion market.

Retail 116

Retail Course Washington Marketing 116

NCR

MAY 9, 2017

The 2016 Millennial Money Mindset Report, released by iQuantifi earlier this year, reported that nearly 42 percent of millennials want to manage their banking relationship exclusively online. Millennials do not want to go to a bank branch,” said Silicon Valley Bank head of payments services Eduardo Vergara. billion.

Fintech 75

Fintech Hawaii Community Bank Millennials 75

PYMNTS

MARCH 23, 2018

Millennials across America singing “I’m a Toys R Us kid” in as solemn a fashion as possible this week are a testament to that. And fueling it all was the rise of television, where brands such as Mattel could market their toys directly to children — stoking the fires of demand. Toys R Us went public in 1978.

US 122

US Industry Washington Company 122

PYMNTS

APRIL 17, 2017

So, while McKelvey lost out on that $2,000 sale — he and his (friend) and Co-Founder Jack Dorsey — the founder of Twitter — did end up with a $17 billion idea (Square’s market cap at the time this piece went to press). Square has come a long way from being an mPOS solution for cash-based glass blowers and farmers market purveyors.

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Apple Capital Cards Payments 110

PYMNTS

MAY 23, 2016

Yep, that’s the sound of the physical retail death spiral revving up,” Webster wrote of the singularly and visibly sluggish holiday shopping season at the mall in 2013 in early 2014. “ “So that faint whooshing sound you’re hearing?” And the proof is in the sales numbers pudding.”. The Quiet eCommerce Mover.

social media 100

social media Retail Millennials Portland 100

PYMNTS

APRIL 4, 2019

The trend began to reverse in 2013 and household debt began to grow, albeit at a much slower rate that it had in the early aughts. That separates millennials from both baby boomers and Gen Xers today — and makes them different from how their Gen X counterparts behaved at the same age in the late 1990s and early 2000s.

US 116

US New York Trends Report 116

PYMNTS

JANUARY 22, 2018

More important, perhaps, than the innovations they made on behalf of their more famous lead players, was how their contributions accelerated those innovations’ time to market. Both Nielsen and The Food Marketing Institute estimate that online grocery sales will hit 20 percent of all grocery sales by 2025. Distribution.

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Innovation Online Branding El Paso 135

PYMNTS

AUGUST 28, 2018

The store is designed to appeal especially to millennial consumers. By 2013, retail coworking spaces will amount to some 3.4 Owned by GGP, the 15,000 square-foot space will include shared offices, event space and an area for up-and-coming brands to market new products. That provides opportunity for coworking companies.

Retail 101

Retail New York City Arizona United States 101

PYMNTS

NOVEMBER 4, 2019

only, the service is slated to soon expand to other global markets. Technology use has been rising outside the millennial age group, meaning that FIs can increasingly expect middle-aged and older consumers to be ready and able to take advantage of mobile services. Fees for the new P2P debit card deposit service start at $1.99.

Groups 101

Groups Payments Mobile Dallas 101

PYMNTS

JANUARY 14, 2019

News last week that Macy’s profits would take an unexpected Q4 nosedive set off a retail stock market shock wave that wiped $34 billion in value from the sector. Here’s what that sounds like , for those who’d like to take a walk down memory lane – or for the millennials reading this who have never known anything but 3G.

Retail 198

Retail Online Mobile Data 198

Jeff For Banks

NOVEMBER 19, 2016

What makes the ABA announcement interesting is: 1) it is a benefit specific for those that carry student debt, meaning mostly millennials, and 2) that they felt they should announce it. Some marketing person should revisit that title.), of total compensation, and benefits accounted for the remaining 31.4%. Not that it is unimportant.

Millennials 60

Millennials Examples Industry Resources 60

NCR

JANUARY 12, 2018

Mobile banking has been a growing market for all banks for several years now, but there have always been a few factors that have limited adoption – and number one for many people will have been worries about the security of the technology. Younger users are particularly happy to use these methods of verification.

Mobile 70

Mobile Study Security Technology 70

Alex Jimenez

AUGUST 28, 2018

"Fintech is a dynamic segment at the intersection of the financial services and technology sectors where technology-focused start-ups and new market entrants innovate the products and services currently provided by the traditional financial services industry." -PwC PwC Fintech Report. Fintech Growth. The Fintech Ecosystem. Fintech Revenue.

Fintech 40

Fintech Case Study Study Millennials 40

CB Insights

OCTOBER 10, 2018

Incumbents are not standing still and are acting to protect their market share. Table of contents: Market map: the startups disrupting retail & commercial banking. Market Map: The Startups Disrupting Retail & Commercial Banking. While these customers may be easier to acquire, they are tougher to monetize. Key takeaways.

Retail 78

Retail Cards Millennials Mobile 78

PYMNTS

JUNE 21, 2016

Recent market research performed by the NPD Group revealed that delivery traffic outside of pizza has expanded by 33 percent since 2012. The market is still new and exploding … clear winners are yet to be decided,” Duncan explained. Since emerging on the scene and opening up culinary choices for diners across the U.S.,

Operations 102

Operations Resources Technology Boston 102

PYMNTS

MARCH 13, 2019

But there are currently 32 million millennials living with a partner, he pointed out – well beyond the “getting to know you” period – who should be working on building better financial habits in tandem, but who often find it difficult to get started. News and World Report since 2013, writing about a … READ MORE.

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Management San Diego Tools North Carolina 115

CB Insights

OCTOBER 10, 2017

Ninety-two million millennials will soon be in what Goldman Sachs calls their “prime spending years.” It’s even harder when your target market would rather never think about what you’re trying to sell them — retirement, for example. Below, we’ll show you: How to use pre-launch marketing to build trust and hype.

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Tools Millennials US Mobile 78