Bank Innovation

MARCH 16, 2016

Millennials hate credit — but a new service called Lenny is out to change that. Lenny is meant for mobile (of course) and launched today in California. It will reach Texas, Florida and New York in the next 10 to 12 months, according to the company, which claims that, in less than three Read More.

Millennials 150

Millennials Mobile Florida Lending 150

PYMNTS

AUGUST 25, 2019

Kohl’s is teaming up with the social media giant to uncover emerging brands that millennial shoppers consider cool. In another attempt to reach millennials, Kohl’s partnered with Popsugar to launch a clothing line last September. Kohl’s is following a retail movement to offer curated collections so shoppers can explore new trends.

Millennials 133

Millennials Data social media Branding 133

PYMNTS

NOVEMBER 27, 2018

Convenience store operators would be wise to pay close attention to the purchasing habits of a certain subset of consumer: the Bridge Millennial — the first generation of connected consumers with spending power. Building A Better Bridge Millennial Gas App. For C-Stores, An Opportunity To Woo Bridge Millennials.

Millennials 130

Millennials Mobile Payments Survey 130

PYMNTS

SEPTEMBER 30, 2020

Merchants are optimizing their eCommerce operations, but this is posing challenges for some, including luxury merchants. Luxury retailers are also targeting millennial and Generation Z consumers to expand their customer bases, with one report showing that millennials accounted for 35 percent of high-end retail purchases, for example.

Payments 279

Payments Millennials Retail Trends 279

Bank Innovation

OCTOBER 6, 2016

She hasn’t sought venture capital funding; she doesn’t do beta and she isn’t pitching to millennials, the demographic du décennie. Janice Diner is not your typical startup founder. On going forward without backers, the CEO of Horizn says: “We never do anything for free. We get paid for what we do.”

Millennials 292

Millennials Innovation Capital Operations 292

PYMNTS

MARCH 12, 2020

More millennials are beginning to operate independent or small- to medium-sized businesses (SMBs), where knowledge of one’s cash flow and outstanding finances is critically important to success. To learn more about how disbursements can be upgraded for millennial-run SMBs, visit the Tracker’s Feature Story.

Taxes 130

Taxes Millennials United States Innovation 130

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

SEPTEMBER 27, 2020

Sezzle , the installments payments platform, will be working on buy now, pay later (BNPL) services with Target , a press release says, which will test how the popular payment trend works with the retail giant's operations.

Leadership 302

Leadership Millennials Retail Study 302

PYMNTS

DECEMBER 24, 2019

Yet, instead of offering the option to pay now and buy later, the credit cards reversed the order of operation and allowed customers to buy now and pay later over time. According to a study cited by Afterpay, most millennial consumers buy fashion and beauty items more frequently than other items, such as books, entertainment or home goods.

Millennials 139

Millennials Branding Trends Retail 139

PYMNTS

SEPTEMBER 11, 2019

As many as 72 percent of bridge millennials say mobile apps are important for accessing bank accounts. That license will let the challenger bank launch banking operations, regulated by both the PRA and the Financial Conduct Authority (FCA). The age of personalized service is upon us. Circling back to the U.K.,

Digital Banking 160

Digital Banking Millennials Mobile Regulation 160

PYMNTS

DECEMBER 17, 2019

It said that 70 percent or more of millennials are involved in B2B buying decisions. “As Oyster Insurance, an insurance technology company, recently expanded operations into California, where it aims to support small businesses and startups with workers’ compensation services. B2B Gets Younger.

Millennials 134

Millennials Trends Analysis System 134

Bank Innovation

JULY 9, 2019

Savings app Digit is pinning its hopes on millennial and Gen Z customers who are storing up funds for a rainy day. “We serve a pretty diverse population relative to most finance and fintech companies, and the majority of our customers are actually women,” said Vishwas Prabhakara, Digit’s chief operating officer.

Strategy 199

Strategy Millennials Fintech Operations 199

PYMNTS

NOVEMBER 9, 2020

But expectations have changed dramatically, and shrewd physical store operators need to respond accordingly. The payment options merchants accept impact consumers’ willingness to shop in store for 69 percent of bridge millennials, 70 percent of millennials and 71 percent of Gen Z consumers.”. With the U.S.

Retail 261

Retail Millennials Online Tools 261

PYMNTS

JANUARY 12, 2021

Demand among businesses — especially smaller firms — skyrocketed as they attempted to blunt revenue challenges and keep their operations above water, but these companies faced numerous hiccups when securing financing. Instant Payments and the Millennial Push.

Millennials 239

Millennials Payments Lending Study 239

PYMNTS

DECEMBER 17, 2019

It said that 70 percent or more of millennials are involved in B2B buying decisions. “As Oyster Insurance, an insurance technology company, recently expanded operations into California, where it aims to support small businesses and startups with workers’ compensation services. B2B Gets Younger.

Millennials 135

Millennials Trends Analysis System 135

Perficient

APRIL 14, 2022

With the rise in vaccination rates and a hopeful return to a “new normal,” it won’t be possible to put the genie back in the bottle and return to legacy operations. population is considered millennial or younger as of July 2019), the demand for personalization in the commerce experience grows. Leveraging Data Responsibly .

Strategy 332

Strategy Tools Industry Data 332

PYMNTS

APRIL 8, 2019

The latest estimates from the Small Business Administration (SBA) peg the number of new SMBs at 414,000 each year, spurring job creation and economic growth for the country, with millennial entrepreneurs at the helm. The high failure rate of a new small business has entrepreneurs focused on simply surviving their first few years in operation.

Strategy 279

Strategy Millennials Data Online 279

PYMNTS

JANUARY 28, 2021

PYMNTS’ research indicates that millennials (ages 23 to 39) and bridge millennials (ages 30 to 40) have the greatest interest in P2P payment use, for example. This change in consumer behavior is expected to remain even after vaccines are more widely distributed.

Innovation 187

Innovation Millennials Payments Mobile 187

Bank Innovation

NOVEMBER 20, 2019

billion in its most recent fundraising, received authorization from the Financial Conduct Authority to operate in the U.K. millennials by […]. Robinhood Markets Inc. plans to offer its stock-trading service outside the U.S. for the first time, launching in the U.K. in the first quarter of 2020. The startup, valued at $7.6

Millennials 170

Millennials Operations Marketing Management 170

Bank Innovation

FEBRUARY 24, 2017

Hip Money – a new app by Hip Pocket – adapts the millennial habit of “swiping” to help them save and pay down debt through a mobile app. In the long list of startup finalists competing at South by Southwest 2017 hides a brand new personal finance management app. Nebraska-based software Read More.

Nebraska 199

Nebraska Millennials Marketing Software 199

Bank Innovation

JULY 11, 2018

Unlike others such as JPMorgan Chase’s Finn, which was rolled out nationwide earlier this month, this digital bank is not catering to the general ‘millennial’ audience as is evident by its $5,000 deposit minimum. […].

Groups 225

Groups Millennials Digital Banking Operations 225

PYMNTS

OCTOBER 22, 2018

People of all stripes — from millennials to baby boomers, from Generation X to the Greatest Generation — are increasingly swapping the friction of shopping in a store for the convenience of using one of the many connected devices they now own to shop and buy from instead. The operative word here is “could.”. Nearly 60 percent (59.1

Millennials 212

Millennials Study Payments Data 212

PYMNTS

DECEMBER 31, 2020

Key Data Points: 60 percent of small restaurant operators have had their revenues decline since the pandemic began. percent of millennials believe it is “very” important to receive payments in real time. Buy Now Pay Later: Millennials And The Shifting Dynamics Of Online Credit. Cross-Border Merchant Friction Index.

Data 277

Data Innovation Payments Millennials 277

Bank Innovation

MAY 16, 2016

Personal finance management and investment apps — Level Money, Acorns and the like — have gained popularity among millennials, who seem to enjoy the added control over their finances through smartphones. But on the investor side, the hype over these apps is cooling off, according to Tanya Ladha, senior manager at Read More.

Millennials 210

Millennials Management social media Operations 210

Perficient

JULY 12, 2022

With an increasing comfort with digital technology within financial services, firms must challenge traditional operating models and leverage digital tools to create an authentic relationship and earn (and retain) trust. population is considered Millennial or younger, as of July 2019) , the demand for personalization grows.

Industry 294

Industry Branding Customer Experience Marketing Automation 294

PYMNTS

MAY 22, 2020

There is a growing list of things millennials have seemingly been blamed for rendering obsolete, such as cocktail napkins, casual dining and expensive engagement rings. To learn more about how FIs can optimize their customer service operations, download the report.

Cards 216

Cards Data Millennials Report 216

Bank Innovation

JANUARY 30, 2019

s robust marketing strategy for its retail bank has paid off, as the bank today reported that half of its new retail customers were millennials. Of Ally Financial’s 230,000 new retail deposit customers via its retail side, Ally Bank, 126,500 were millennials, according to bank’s earnings report released today. Ally Financial Inc.’s

Retail 170

Retail Millennials Marketing Strategies Strategy 170

Bank Innovation

DECEMBER 28, 2016

When it comes to mobile apps, Snap and Facebook pretty much dictate what a millennial-focused app should look and function like these days. A Danish neobank, called Lunar Way, went through a major redesign recently, in order to replicate the interactive and intuitive nature of Spotify, Snap and the like. Read More.

Millennials 199

Millennials Mobile Operations Online 199

Bank Innovation

OCTOBER 26, 2018

Bank of the West recently added 143 ATMs across the Denver and Sacramento metro areas through an agreement with ATM operator Cardtronics. Millennials, actually. One target?

ATM 150

ATM San Francisco Sacramento Denver 150

Chris Skinner

JUNE 25, 2017

After my blog yesterday, about banks having to move from being control freaks in a proprietary operation building everything to becoming collaborative partners in an open marketplace curating everything, I was asked: “how do you make money out of curation?” Jeff is an actor and comedian, … Who needs millennials?

Millennials 164

Millennials ATM Maine Fintech 164

PYMNTS

DECEMBER 6, 2019

Independent and company-hired truckers haul goods across the nation, keeping retailers supplied and in operation. Deep Dive: Redesigning Corporate Payments For Gen Z And Millennial Consumers. Find all the latest headlines in the Tracker. How Truckers Keep On Transacting. Download the Tracker to read the Feature Story.

Tools 186

Tools Payments Millennials Strategy 186

PYMNTS

NOVEMBER 15, 2017

According to news from Fortune , customer payment card information was compromised at certain point of sale devices in stores when the encryption on those devices was not operating. The company, which operates more than 815 stores in 57 countries, did not say which specific locations were affected.

Los Angeles 151

Los Angeles social media Millennials Retail 151

PYMNTS

NOVEMBER 27, 2019

Additional PYMNTS research found that firms believe implementing automation could significantly improve their operations, particularly their B2B payments. The following Deep Dive outlines automation’s benefits, its potential ROI for implementing organizations and how these solutions can recruit millennial workers. . A notable 80.8

Millennials 161

Millennials Payments Capital Technology 161

PYMNTS

APRIL 9, 2019

Retail innovation labs – incubators or tech hubs – aren’t confined to operations run by the likes of Amazon or Walmart. The company already had operated an innovation facility in Japan. Located in Dallas, the 7-Eleven lab store is designed so that customers can test and purchase the newest innovations from the retailer.

Innovation 155

Innovation Millennials Dallas Retail 155

Bank Innovation

JUNE 13, 2018

PREMIUM - Millennials have Venmo, banks have Zelle, but what’s the P2P payments preference for credit unions? It’s not that credit unions cannot connect to the bank-backed (and bank-owned) payments system that is Zelle.

Millennials 186

Millennials America System Payments 186

PYMNTS

NOVEMBER 13, 2020

In this case, the metrics show triple-digit gains on the top line, and red ink on the operating income lines still in place – a hallmark of high-flying platform companies that have gone public over the past several months. At the same time, the operating loss declined from $479 million to $131 million. Cash Is King? .

Course 244

Course Millennials Operations Survey 244

PYMNTS

JUNE 29, 2020

So, Zogo designed its modules to attract Generation Z and millennial users for whom the promise of a more stable retirement in 40 years isn’t much of a motivator. Zogo is operating at a time when CUs and FinTechs see the opportunity to fill these gaps and are looking to dramatically expand their digital offerings for a post-pandemic world.

Millennials 263

Millennials Taxes Cards Fintech 263