Tag: Millennials

Activity, Retail Banking

New US fintech Monai to gamify savings for Millennials and Gen Z

October 7, 2021

Via: FinTech Futures

Monai, which is still in the waiting list stage, says users can use time spent playing mobile games to earn interest on savings they deposit in the app. The firm also promises to offer a savings advisor, which will provide […]

Activity, Insurance

Millennials More Likely to Buy Flood Insurance Than Baby Boomers

June 4, 2019

Via: Insurance Journal

Millennials — those born between 1981 and 1996— are nearly three times more likely to have purchased flood insurance than their older Baby Boomer counterparts born between 1944 and 1964, a new survey finds. Overall, less than half of Americans […]

Capital and Risk, Credit

TD Survey: Credit Knowledge Gap Still Exists Among Millennials

March 13, 2019

Via: ABF Journal

Though 82% of millennials believe society will eventually become cashless, TD Bank’s Consumer Spending Index revealed that they’re lacking when it comes to building and maintaining healthy credit habits. As the generation least likely to carry cash, according to the […]

Channels, Retail Banking

Millennials Have More Banking Apps than Other Generations

February 12, 2018

Via: Bank Innovation

Mobile banking has officially gone mainstream: 55% of U.S. adults have at least one full-service banking app on their phones now, according to a study conducted by BankRate. Additionally, those consumers with bank apps are active users, with 70% stating […]

Retail Banking

Amex offers credit card users new ways to pay

August 31, 2017

Via: Banking Exchange

In a bid to add appeal for millennials, American Express has introduced two new options for paying with selected credit card accounts. With “Pay it” users can pay at point of sale with their mobile app and decide to have […]


Millennials and mobile banking – the perfect match?

August 8, 2017

Via: Finextra

For quite some time now, millennials have been the primary target market for a vast majority of industries. Everything they do – every website they visit, purchase they make, and even their location throughout the day – is analysed by […]

Capital and Risk, Credit

Nine Strategic Areas Critical to Your Bank’s Future

June 30, 2017

Via: Bank Director

How should banks determine the best way to proceed over the upcoming quarters? While no one can predict the future, there are several critical developments that anyone can keep an eye on. These are the areas that are most impactful […]


Open Banking Is A Must for Millennials, Bankers Claim

April 13, 2017

Via: 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 […]

Activity, Insurance

Millennials Aren’t Into Life Insurance, Despite Some Obvious Risks

February 20, 2017

Via: TheStreet

Two new studies out show that younger Americans would much rather travel, engage in a fine dining experience or buy a cell phone, among other purchases, rather than buy life insurance. The data come from Vertafore, an insurance technology provider […]


Millennials Are Ready for the Bank of Amazon

January 23, 2017

Via: Bank Innovation

Amazon wins, once again, at a game it didn’t even know it was playing. According to a Jan. 11 survey from Accenture, millennial participants would consider parking their money with nontraditional institutions, and they picked winners. Attractive alt-banking contestants included Apple […]

Capital and Risk, Credit

Millennials Actually Trust Traditional Banks More than Venmo

August 24, 2016

Via: Bank Innovation

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. The millennial desire for speed, […]

Retail Banking

D+H: Millennial Employees Drive Banks to Adapt to Digital Age

August 11, 2016

Via: Bank Innovation

It’s not just millennial customers banks are adjusting to today — it’s millennial employees. With the emergence of new technologies, channels, and strategies, banking customers — not to mention working professionals in the financial world — have come to expect […]

Retail Banking

Millennials & Wallets, What banks can learn from the digitally engaged generation about mobile wallets

June 28, 2016

Via: Bank Innovation

Bank customer acquisition and retention strategies are at the core of the latest report by Project Catalyst. The millennial and mobile wallet study gathers perceptions, behaviors, and attitudes of this cohort, which represents 75.3 million people born from 1982 to 2000. […]

Activity, Corporate Banking

Hot “Banking” Jobs: As Banking Changes, So Are the Job Titles

May 18, 2016

Via: Bank Director

Banks today must adapt to a world where “digital”, “cyber risk” and “fintech” are the new business lexicon. As the bulk of the workforce shifts from baby boomer to millennial, there is an increased need to attract talent from outside […]

Capital and Risk, Credit

10 Things Millennials Should Do to Reach the Next Financial Level

January 15, 2016

Via: Daily Finance

Millennials have had a rough road when it comes to money. Not only did they come of age during the Great Recession, which made jobs scarce and benefits even scarcer, but many saw their parents lose big time in the […]