October 7, 2021
Via: FinTech FuturesMonai, 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 […]
June 4, 2019
Via: Insurance JournalMillennials — 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 […]
March 13, 2019
Via: ABF JournalThough 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 […]
February 12, 2018
Via: Bank InnovationMobile 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 […]
August 31, 2017
Via: Banking ExchangeIn 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 […]
August 8, 2017
Via: FinextraFor 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 […]
June 30, 2017
Via: Bank DirectorHow 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 […]
April 13, 2017
Via: Bank InnovationIt’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 […]
February 20, 2017
Via: TheStreetTwo 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 […]
January 23, 2017
Via: Bank InnovationAmazon 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 […]
August 24, 2016
Via: Bank InnovationNo 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, […]
August 11, 2016
Via: Bank InnovationIt’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 […]
June 28, 2016
Via: Bank InnovationBank 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. […]
May 18, 2016
Via: Bank DirectorBanks 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 […]
January 15, 2016
Via: Daily FinanceMillennials 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 […]