Bank Innovation

MAY 8, 2017

Affirm, the lending startup that provides loans at the POS, is looking into launching everyday-use virtual credit cards, Bank Innovation has learned. The company, launched by a PayPal cofounder Max Levchin, provides point-of-sale loans that allow customers, particularly millennials, to finance purchases with participating merchants.

Cards 255

Cards Millennials Lending Innovation 255

Abrigo

DECEMBER 15, 2016

In the 2015 Growth Strategy Survey by Bank Director , the most commonly cited areas for growth were Commercial Real Estate Lending, C&I loans, SBA loans, and Construction loans. This is compounded by the growing trend of Millennial small business owners.

Lending 150

Lending Millennials Study Survey 150

Bank Innovation

AUGUST 23, 2016

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.

Millennials 150

Millennials Fintech Industry Online 150

BankBazaar

NOVEMBER 29, 2019

While millennials are borrowing more than pre-millennials and post-millennials, they are still conscious about how much debt they are taking up…. Did you know that India’s millennials fall in the biggest borrowers’ category within the country? This is higher than the average score of non-millennials, which is 734.

Millennials 142

Millennials Study Cards Report 142

Bank Innovation

SEPTEMBER 27, 2017

Student loans have led to widespread hesitation among millennials when it comes to buying a home, but Lennar Corp subsidiary Eagle Home Mortgage is looking to change that. After a borrower buys a home from Lennar (which is based in Miami), Eagle will pay as much as 3% of the purchase price of that home […].

Millennials 170

Millennials Miami Lending 170

PYMNTS

JANUARY 12, 2021

The lending industry was hit hard during the pandemic’s early months, with many banks and traditional lenders rapidly adjusting their standards and rates to accommodate businesses’ and consumers’ shifting needs. Instant Payments and the Millennial Push.

Millennials 239

Millennials Payments Lending Study 239

Bank Innovation

MARCH 27, 2018

A focus on simplicity and UX design that intimately appeals to younger users such as millennials and Gen Z users, fintech investor Ron Suber told Bank Innovation. EXCLUSIVE—What’s behind the growth of personal finance management platform MoneyLion?

Millennials 170

Millennials UX Fintech Innovation 170

PYMNTS

SEPTEMBER 18, 2019

Among the forces working to influence and change retail — and do so into the 2019 holiday shopping season, as well as the 2020s — is the rise of bridge millennials. Having had the time to establish their careers, they enjoy higher spending power than younger millennials, who are just now dipping their toes into the professional world.

Millennials 109

Millennials Retail Study Online 109

Abrigo

FEBRUARY 3, 2017

Most notably, the institutions recognized that change was overdue for their business lending programs. Understand and meet the desires of millennial borrowers, who will constitute 75 percent of the workforce by 2025. Stakeholders and processes across the institution (from lending, through credit and admin) will be affected.

Lending 150

Lending Community Bank Meeting Community 150

PYMNTS

SEPTEMBER 18, 2018

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Necessity is the mother of invention.

Lending 148

Lending Innovation Fintech Cards 148

PYMNTS

OCTOBER 4, 2019

As Mark Rockefeller, co-founder and chief executive officer of small business lending-as-a-service provider StreetShares , told PYMNTS in a recent interview, that pressure to digitize expands to credit unions and community banks in their SMB lending offerings, too, and do it profitably. “This is an extraordinary thing. .”

Lending 152

Lending Community Bank US Community 152

PYMNTS

MARCH 8, 2019

News came this week, as noted across sites such as CNBC , that millennial homeownership has been creeping along. Bankrate polled 1,500 homeowners, and found that 63 percent of millennials say they have regrets about having bought the home they are in. PayPal Lending: Takes off in the U.K. , percent, compared to 11.9

Millennials 109

Millennials Taxes Lending Marketing 109

PYMNTS

DECEMBER 19, 2016

While they enjoy many FinTech innovations, most millennials don’t have a snowball’s chance of earning more than their parents — ever. It’s one thing for the millennial offspring of the billionaire hedge-fund scions to fall short of making a billion because they only manage to pull down $760 million a year. It’s a fact. population.

Millennials 100

Millennials Fintech Cards Groups 100

PYMNTS

FEBRUARY 19, 2020

While enthusiasm for installment financing at the POS may have started with millennials and Gen Z shoppers, he said, it has quickly moved throughout all demographics.

Lending 188

Lending Cards Payments Millennials 188

PYMNTS

DECEMBER 3, 2019

The largest smartphone company in India, Xiaomi, has started a credit platform designed to attract young professionals and millennials in the country, according to a report by TechCrunch. Xiaomi said it offers a “low” interest rate. It is one of the strengths we aim to leverage to build a stronger Mi Finance business globally.

Lending 130

Lending Fintech Millennials Google 130

PYMNTS

SEPTEMBER 11, 2019

As many as 72 percent of bridge millennials say mobile apps are important for accessing bank accounts. The goal, according to Competition Policy International , is to promote competition against the largest traditional FIs in Australia, colloquially known as “the Big Four,” with Xinja allowed to lend and take deposits.

Digital Banking 160

Digital Banking Millennials Mobile Regulation 160

PYMNTS

AUGUST 23, 2016

The CEO told PYMNTS that the $20 million credit pact will be earmarked for direct lending and that there is a “multiplier effect” that would come as that money is moved into the economy — enough so that more than $60 million in final funding may result, which could help create new businesses and jobs.

Millennials 100

Millennials Lending United States Maine 100

PYMNTS

AUGUST 2, 2018

This technology is also changing how consumers lend and borrow money, according to Travis Holoway, founder of short-term lending exchange platform SoLo Funds , particularly when it comes to low-dollar or short-term loans. What we’re trying to do is bring that technology to lending.”. P2P Payments To Power Loans.

Lending 138

Lending Tools Technology Millennials 138

Perficient

JANUARY 12, 2021

We’ve typically seen that this lends itself to focus on areas such as ratings, reviews, and online price shopping, but trends are now showing there are other effective methods for online, as shoppers want to engage with products both at an experiential level and to ensure the best fit for their needs.

Customer Experience 538

Customer Experience Branding Video Online 538

Abrigo

SEPTEMBER 2, 2020

The PPP might have been the first time many community financial institutions saw such clear returns on digitization investments, but the same automation and efficiency gains can be found in other end-to-end lending solutions. Community financial institutions' experience with PPP technology also translates to other areas of lending.

Lending 259

Lending Community San Antonio Survey 259

PYMNTS

DECEMBER 27, 2018

The new year will bring a new round of one of the hottest games in the payments-and-commerce world: What Makes Millennials Tick? Among the most influential drivers of retail change is a subset of consumers PYMNTS identifies as “ Bridge Millennials.” Take those bridge millennials. Retail Response. And retailers are taking note.

Millennials 100

Millennials Payments Mobile Retail 100

PYMNTS

APRIL 5, 2019

Against this backdrop, we find, then, that millennials do not embrace credit cards as readily as other groups of users. Bankrate has estimated that roughly 33 percent of millennials have cards. FinTechs have been stepping in to feed demand for installment loans. Square late last year introduced an installment plan offering.

Millennials 115

Millennials New York Fintech Cards 115

PYMNTS

JUNE 29, 2018

That bet could complicate, in a positive way, some of the general ideas out there about the preferences of millennial consumers. The integration of such tools is designed with those millennials in mind, part of the company’s effort to gain more revenue from a new generation of drivers. Winning Millennial Loyalty.

Millennials 101

Millennials social media Marketing Branding 101

Bank Innovation

JUNE 30, 2017

Millennials out there are often caught between two big decisions: do they buy a home, or do they keep buying sweet, delicious avocado toast? Luckily for the potential millennial homebuyer, fintech lender SoFi has found a way to merge these two completely exclusive purchases: a SoFi mortgage now comes with avocado toast.

Millennials 240

Millennials Fintech Lending Online 240

Bank Innovation

MAY 1, 2016

Robinhood: On Target Launched in December 2014, Robinhood is a zero-fee stock trading app that quickly gained popularity among financially ambitious millennials. Robinhood was paid the enormous compliment of having “cracked the millennial code” by none other than Jay Sidhu, CEO of Customers Bank and founder of BankMobile.

Millennials 240

Millennials social media Operations Cards 240

PYMNTS

NOVEMBER 17, 2017

Among millennials, that number drops below 30 percent. Millennials don’t have credit cards because they don’t have FICO scores, or at least not the kind of FICO scores that inspire issuers. “If Paradis thinks that’s bad for millennials — many don’t agree — and the merchants who want their business. The Sezzle Experience.

Millennials 104

Millennials Cards Lending Payments 104

PYMNTS

MAY 2, 2019

consumer lending and acquisition at American Express. The payment company said research shows millennials are spending the most on groceries, streaming and commuting. “If I had to pick, I’d argue that the best potential fits are older millennials and Gen Xers. department stores.

Millennials 111

Millennials Cards Lending Industry 111

Bank Innovation

MARCH 4, 2016

Affirm, the lending startup piloted by PayPal co-founder Max Levchin, recently announced plans to report its loan data to the credit bureaus. This will help customers with thin files, particularly millennials, to bolster their credit histories.

Millennials 150

Millennials Lending Data Report 150

PYMNTS

AUGUST 2, 2018

Among the most influential drivers of retail change is a subset of consumers PYMNTS identifies as “ Bridge Millennials.” It also spends approximately $2,225 per year on retail purchases, which is more than $830 more than baby boomers and nearly $300 more than younger millennials. A Premium On App-Based Payments.

Millennials 101

Millennials Mobile Groups Retail 101

PYMNTS

JUNE 2, 2017

No one is writing about it because it’s not sexy, but the reality is that there is a lot of opportunity in small business lending with older borrowers,” Arora added. The media focus on Millennials as if there is no other growth group. Current entrepreneurs matter.”.

Millennials 111

Millennials Study Lending Capital 111

Payments Dive

MARCH 17, 2016

Lenny is a mobile-only lending app that caters to millennials.

Mobile 150

Mobile Millennials Lending 150

PYMNTS

APRIL 12, 2019

That means some of the couples on the platform — no matter how long down the path a partnership is — will also want to have some private separate accounts like credit cards or lending products. Honefyfi, he said, has had to grow up to handle all these preferences, and the ways they shift.

Millennials 154

Millennials Tools How To Video 154

PYMNTS

DECEMBER 13, 2016

Millennials just aren’t buying homes — they are the first generation of Americans since World War II who will meaningfully move away from that vision of the American Dream. Millennial homeownership rates — for those 75.4 Millennials have not, as some have argued, radically thrown off ideas about owning homes en masse.

Millennials 100

Millennials Groups Study Marketing 100

PYMNTS

AUGUST 10, 2020

The findings also show that the use of new technologies could play a crucial role in personalizing the payments experience for consumers, especially younger tech-savvy generations like bridge millennials and millennials.

Millennials 222

Millennials Data United States Report 222

PYMNTS

FEBRUARY 12, 2019

For the connected consumer , connected commerce will be 100 percent digital , especially as the bridge millennials wield spending power across the next several decades. 2,225: The amount bridge millennials spend, on average, on annual retail purchases. 2,225: The amount bridge millennials spend, on average, on annual retail purchases.

Millennials 154

Millennials Payments Retail Lending 154

PYMNTS

APRIL 16, 2019

Among the main consumer segments targeted by POS financing providers are millennials , in part because they are being left out when it comes to tapping into home equity. As well, Bankrate has estimated that roughly 33 percent of millennials have cards.

Millennials 188

Millennials Cards Maine Retail 188

PYMNTS

JUNE 12, 2018

In the early days of online lending, the big appeal was access to funds for potential borrowers with few, if any, options for securing capital. Kassul noted his firm used to invest in ABS from the lending marketplaces but, eventually, there just wasn’t enough profit in it. The Coming Risk Assessment Reset.

Lending 116

Lending Security Philadelphia Dallas 116