Millennials and Gen-Z embrace digital banking and “mobile-first” payment mindset. Could that be a problem?
Consumers need to be clear on what constitutes proper – as well as improper – use of mobile banking and payment platforms.
millennials
Social finance app Frich launches in the US
NYC-based Frich offers a savings wallet and no-fee overdraft for Gen Z users.
Banking on trust: How AI can help you win over Gen Z and Millennials
AI & ML can help produce the right messaging across all channels and improve conversions with every interaction.
White paper: how millennials & gen Z can power growth for financial institutions
Millennials (25-39 years old) and adult Gen Z-ers (18-24) represent over $3 trillion in spend.
Millennials more likely to report fraud than older generations, finds FTC
People aged 20-30 happier to report scams than those over 40.
The financial services talent war is fierce: here’s how to draft in the millennials
People at all levels should be given the opportunity and tools to understand themselves at their best.
“Banking solutions for millennials”: a label of doom
Who the hell are these millennials who need help saving $50 per month?
Infographic: the generation game
Sainsbury’s Bank examines the financial habits of different generations.
Robo-advice: the future is now
While we know that robo-advice is here to stay, who is actually using it?
Tuition.io to power student loan repayment for Estée Lauder employees
Student loan repayment platform Tuition.io has landed a major client in the US, Estée Lauder.
How millennials are shaping the future of payments
For the millennial generation, paying for a latte using a contactless card, transferring money to a family member or friend online or buying a pair of trainers with “one click” has become the norm. This generation has not only shaped and driven the payments revolution, but is also playing an active role in developing a lot of the payment technologies emerging today.
Common Cents Lab unveils millennial financial regret spending report
If you’re trying to cater to millennials, you need to understand how they think and feel about money.
Infographic: creating millennium-friendly financial advising
People often need financial advice that’s best suited to meet their needs, which differ from one generation to another. You cannot expect millennials to consume the same financial advice as baby boomers. Times have changed, so financial institutions and experts also need to change their approaches to cater for the needs of a much younger clientele that’s distrustful of not only the government, but also financial institutions.
Three Under-Tapped Markets and Use Cases for Prepaid Cards
Prepaid issuers should look to certain banked consumers, P2P and mobile wallet users to gain top-of-wallet status with a whole new set of customers.
The Monday mindset: 24 July 2017
Fintech zeitgeist! Every Monday, we might look back at last week; look ahead to this week; share a few thoughts (our own or others); or discuss anything that catches our eye. This week, Claire Calmejane, director of innovation at Lloyds Banking Group, presents “Digital Zero to Hero: Myth Debunking”. (This is part of a series […]
P2P rising: new study points to a market on the verge of major growth
P2P payments are proving a big hit with younger consumers.
