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Open Banking Is A Must for Millennials, Bankers Claim

Bank Innovation

It’s crucial for banks to start participating in the finance revolution, especially as millennials are on the hunt for open banking—at least, according to bankers. According to a survey of 300 banking officials, conducted by Marketforce and Earnix, developing open APIs is becoming more and more crucial to retaining customers.

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Millennial Small Business Owners Are Most Optimistic About 2018 Growth, BofA Survey Says

Bank Innovation

The most optimistic owners are millennials, according to data from the Bank of America Fall 2017 Small Business Owner Report. The survey of about 1,000 small businesses, released last week, found that the majority of millennial entrepreneurs (81%, the survey […].

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Millennials Will Lead The Voice Commerce Revolution

PYMNTS

Still, the 2020 edition of the PYMNTS | Visa How We Will Pay consumer survey of a national sample of roughly 10,000 U.S. That’s especially true for bridge millennials, those 32- to 42-year-olds, entering the prime time of their spending years. To say that we aren’t quite the same people we were a year ago might seem overly dramatic.

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Survey Finds Financial Stress High Among Millennials, Gen Z

PYMNTS

While younger people in the millennial and Gen Z age groups report high levels of stress in a recent survey, the COVID-19 pandemic is not necessarily the main reason for that, CNBC reports. That decline was matched by Gen Z respondents. But finances are a particular point of concern for both generations.

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PayPal Remains Most Popular ‘Innovative’ Banking Product for Millennials

Bank Innovation

Most millennials—more than 90%—have used or are using PayPal currently, according to the Millennial Money survey released last week by Vested. Still working on that Venmo-killer app? It might be a better idea to focus on its parent company. Other “innovative” banking products (i.e.,

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Who Said Millennials Don’t Save for Retirement?

Bank Innovation

61% of investors in the millennial generation are saving for retirement, buying a home, or for other long-term financial goals, according to a survey conducted by digital investment company Stash. The next most common […].

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Nearly half of Gen Z, millennials to tap BNPL for holiday shopping

Payments Dive

That buy now-pay later outlook emerged from a new Bluedot survey that also showed 43% of consumers are likely to open a new store credit card during the yearend shopping period.