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How millennials will accelerate innovation and technology change. You recognize one of today’s most prominent technology dilemmas for community banks: It’s the great mobile divide. It’s where older, profitable customers have been slower to adopt new banking technologies that not-yet-profitable millennials pick up quickly and easily.
Last week, Waymo, Alphabet’s autonomous vehicle business, announced that completely driverless Waymo cars are on the way – at least for customers in the suburbs of Phoenix. The pilot involved residents of a planned community, which on the surface seems to be the opposite of Gen Z. And this is not a one-off.
Mark Turner, Executive Chairman of the Board, WSFS Bank – We have to give the nod to an early 2019 retirement of Turner, who had one hell of a run in 12 years at the helm of a great community and wealth bank. It was always clear how much Jones loves his credit union, his team and his community. Credit Union Lifetime Achievement Awards.
To those community bankers claiming their growing Compliance departments say no to everything. Community bank marketing resources. Two very strong and focused community banks unite to combine big bank reach with community bank style and make the bet that it can scale to $15 billion and beyond. Millennials.
“You want to get into as many use cases as possible,” said Greg Weed, director of card performance research at Phoenix Marketing International. Digital Currency – Millennials Just Aren’t That Into You. “The wallet app is ideally suited to self-service types of terminals: gas pumps, vending machines, transit.
Alt-lender targeting millennials . Community platform for investors. HQ: Phoenix, Arizona. Total raised: $7.85 HQ: Los Angeles, California. Source: Crunchbase. Latest round: $5.6 million Series A. Total raised: $305.6 million (unknown mix of Debt/Equity). HQ: California. Total raised: $3.5 HQ: New Oreans, Louisiana. Tradesocio.
Today, more than a century later, that credit union is still operational and is now focused on serving a new type of member: millennials. a Phoenix, Arizona-based CU is providing a financial lifeline to aspiring business leaders in that community. From mill works to millennials … the nation’s oldest credit union speaks.
Nothing seems to put a bounce in a banker’s step more than a tax break and regulatory relief, and this bountiful energy was radiating at Bank Director’s annual “mecca” for bank M&A in Phoenix last week – Acquire or be Acquired. For those in the know – simply AOBA. Source: Federal Reserve. 3: Business Model.
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