millennialsRSS

Infographic: millennials’ financial regrets

Millennial regret

If you’re trying to cater to millennials, you need to understand how they think and feel about money, reports Paybefore (Banking Technology‘s sister publication). Common Cents Lab, a financial research lab at US-based Duke University supported by MetLife Foundation, has released its first ever “Millennial Regret Spending Report”, which can help companies do just that. “While it’s […]

Infographic: creating millennium-friendly financial advising

Infographics Financial Advising for Millennials

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.

The Monday mindset: 24 July 2017

Myths Vs Facts Real Honest Information Scale Words 3d Illustrati

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 […]

Absa targets African millennials with Hello Soda partnership

Absa

Absa Bank, a subsidiary of Barclays Africa, has partnered with multilingual text analytics and big data firm, Hello Soda, as it looks to tap into the millennial market. The bank says it wants to make sense of unstructured social data to better understand its consumer base. According to Absa, Hello Soda provides new ways for […]

Challenger Iam Bank to launch in UK

Iam Bank

The UK will be getting yet another challenger, with Iam Bank – calling itself the “Apple store” of banking – preparing to launch online and with branches. Iam, which is headquartered in Chicago, has unveiled its website and like many new banks is targeting millennials. It plans to roll out free learning and therapy-based financial […]

Faster loans for consumers with little credit history? Experian and Finicity think so

Credit score

New underwriting technology developed by Experian and financial data aggregator Finicity could speed up borrowing and enable millennials and other consumers with thin or no credit files to receive money. The product emerges amid a federal call for more work on helping those potential borrowers build credit scores.

Commercial Bank of Africa goes Loop-y for millennial entrepreneurs

CBA Loop

Kenya-based Commercial Bank of Africa (CBA) has unveiled its mobile-based banking service as it targets millennial entrepreneurs. The new service, created in collaboration with software provider Strands, is called CBA Loop and core banking services will be available on the mobile phone app. Users can manage their personal finances, send money, schedule utility bills payments, […]

ImaginBank launches chatbot for millennials

imaginBank

CaixaBank’s mobile-only bank, imaginBank, has unveiled a chatbot to help millennials find offers and promotions most relevant to them, based on their preferences or location. Powered by artificial intelligence (AI), the chatbot will be available to users via Facebook Messenger on imaginBank’s Facebook page. Launched in January 2016, imaginBank is a 100% digital and mobile […]

Commercial Bank of Dubai to launch digital-only bank

Commercial Bank of Dubai

Commercial Bank of Dubai (CBD), will launch ‘CBD NOW’ next year, which it claims to be the nation’s “first” digital-only bank targeting millennials and “digitally connected” customers. However, two other banks in the region have also said the same thing. As Banking Technology reported in June, Emirates NBD is planning to launch the UAE’s “first” […]

Mobile payments and European millennials: saying and doing are two different things

Cara O'nions, Vocalink

Vocalink has unveiled its comprehensive research into the habits and perceptions of millennials when it comes to mobile payments. Turns out, this group is still waiting for the “Uber moment” of payments.

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