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To hold customers and stay competitive various large banks are choosing to invest in fintech startups to integrate their talent, ideas, and technologies. Neobanks are gaining traction with millennials and the underbanked by connecting to their customers in a way that most banks do not—through the experience.
The red: millennials. And when my friend and fellow bank consultant Mary Beth Sullivan from Capital Performance Group in DC shared the post in the below pic on LinkedIn, it stirred a spirited rebuttal. But, as our current strategy execution stands, there is much work to be done. The green bar was all respondents.
Demo: Sezzle app with knowledgebased authentication to link bank accounts. Fiserv is meeting that need for FIs and millennials. Demo: In Instagram – Example dude sees an ad for sunglasses from a bank called Genius. Then confirm identity with knowledgebased authentication. Then Picture of ID.
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