Tagged: gen z

Fintech Apps: Wealth Management Platforms Become Gateway to Client Satisfaction and Retention, Study Finds

It’s not just Millennials and Gen Z with do-it-yourself brokerage accounts “driving the trend toward increased use of digital wealth management tools; the digital channel has become central to the client experience for all types of investors, with mobile apps leading the way.” According to… Read More

Blackhawk Analysis Suggests Flat Spending, Increased Gift Card Use in 2023

The annual holiday forecast1 from global branded payments provider Blackhawk Network found shoppers surveyed plan to spend 43% of their holiday budget on gift cards this year. This trend is largely fuelled by Gen Z consumers. The report also found that consumers aren’t starting their holiday… Read More

Indian Fintech Fibe and Axis Bank to Launch Numberless Credit Card

Axis Bank, one of the largest private sector banks in India and Fibe, (formerly known as EarlySalary), India’s Fintech, partnered in order “to launch India’s first-ever numberless credit card for tech-savvy Gen Zs.” With a numberless credit card, customers get “an added level of security… Read More

Gen Z Consumers Turning to Bankcards, Unsecured Personal Loans As Lenders Tighten Underwriting, Report Reveals

At the mid-point of 2023, Gen Z consumers (born between 1995 and 2005) increasingly find themselves with new access to credit products. The newly released Q2 2023 Quarterly Credit Industry Insights Report (CIIR) from TransUnion (NYSE: TRU) shows “that relative to the consumer population as… Read More

Financial Management Survey: Gen Z Hourly Workers Say Stress of Managing Finances Has Negative Impact on Health

Despite inflation cooling, many hourly workers in the Gen Z demographic (18-26 years old) are struggling to manage their finances and pay bills on time — and “they say it’s having a negative effect on their health.” New research commissioned by Funding Our Future and… Read More

Financial Stress Is Negatively Impacting Young Aussies’ Mental, Physical Health: Report

As noted in an update from ubank, 80% of financially stressed young Aussies “are experiencing mental health impacts.” According to new YouGov research commissioned by ubank, there are “a number of concerning insights around the ways financial anxiety is impacting the mental and physical health… Read More

Fintech Integration: Budgeting App Buddy Integrates with Plaid to Offer Budget Tracking

Buddy, the budgeting app for Gen Zers with 3M users worldwide, has integrated with Plaid, an open finance service provider, in order “to provide Buddy users with the ability to securely connect their financial accounts and automatically track their spending.” Buddy claims it is “entirely… Read More

Younger UK Consumers Increasingly Comfortable Discussing Money: Survey

Klarna, a global payments provider and shopping service, reveals UK consumers prefer chatting politics, fertility and break-ups than finances, but that’s set to change “with young people feeling increasingly comfortable talking about money with friends and family.” The new findings from Klarna and YouGov’s research… Read More

Gen Z Budgeting App Buddy, Klarna Kosma to Enable Automatic Budget Tracking

Buddy, which claims to be one of the most popular budgeting apps in the world for Gen Zers and young people, has partnered with Klarna Kosma, Klarna Kosma, Klarna’s financial technology platform for banks, fintechs and innovative retailers, “to allow Buddy users to connect their… Read More

DailyPay Survey Reveals Need for Employers to Provide Impactful Financial Benefits to Workers

Inflation and uncertain economic times are “keeping many Gen Zers at home with their families,” according to an update from DailyPay. Around 54% of 18-25-year-olds have “made the choice to live with their parents given the current economic climate,” according to a new study of… Read More

Talenthouse Acquires Coolabi to Deepen Creative Proposition within IP Space

Since Talenthouse completed the acquisition of Coolabi which covers several markets including UK, US and China, both businesses are working together “to deepen Talenthouse’s proposition within the Creator Economy space and diversify its offering amidst an unsteady market.” With market conditions looking to continue in… Read More

Teens: Awareness of Crypto, NFTs High

The periodic report assessing teen trends produced by Piper Sandler has been distributed this past week. While skipping over digital payment preferences, as outlined in their previous report, the authors did address the crypto trends of teens. The research surveyed 14,500 teens across the country… Read More

MENA Region’s Neobanking Fintech Zywa Finalizes $3M Seed Round

Zywa, a teen-focused fintech aiming to “re-imagine” banking for Gen Z in the MENA region, has completed a seed funding round of $3 million. Investors who took part in the investment round reportedly “include Goodwater Capital (the largest consumer tech VC globally), Dubai Future District… Read More

BNPL Is Transforming Online Shopping for Younger Consumers, TrueAccord Report Reveals

Buy Now, Pay Later (BNPL) plans have taken over as a “popular” financing option for consumers, partly due to “an increase in online shopping demands during the pandemic,” the TrueAccord team notes in a blog post. In 2021, Americans “spent more than $20 billion through… Read More

Embedded Finance, Alternative Underwriting Options Allow BNPL Services to Support Easy Checkouts: Report

Since 2020, and the recent global pandemic, digital commerce has seen “exceptional growth,” according to an update from Juniper Research. Although the impact of COVID-19 certainly forced an increase in online shopping and eCommerce usage, it is clear that it is “a continuing trend,” the… Read More

Gen Z Fintech App Quirk Now Available

Quirk, the new finance app developed for Gen Z consumers, has been introduced to the wider public this week after managing to reach 10,000 beta users. The app’s developers are offering this “financially-neglected” generation their “best” way to get on top of their finances and… Read More

BNPL Fintech Scalapay Teams Up with Twig to Provide Consumers with Frictionless Shopping Experience

Scalapay, which claims to be one of Europe’s leading Buy Now – Pay Later providers, and Twig, the “next generation” of banking and Web3 green payment infrastructure, recently announced an “exclusive” partnership. This partnership will “allow customers to resell products they have purchased via Scalapay… Read More

Piper Sandler Gen Z Survey Reports Apple Pay as Top Payment App Beating Venmo

Piper Sandler (NYSE: PIPR) has published its 43rd semi-annual Taking Stock With Teens survey which reviews trends and brand preferences from Gen Z (teens) across 44 U.S. states. The spring 2022 survey was conducted from February 16 to March 22 with the most responses from… Read More

The COVID-19 Crisis Pushes More Young Consumers into Investing, UK’s easyMoney Reveals

The team at UK’s investment platform, easyMoney, notes that you need not look too hard to find updates about how the Covid-19 crisis has negatively affected the lives of young people. The younger generation has been among the hardest hit in many ways, according to… Read More

UK Fintech Firm Everything Secures €2M to Reinvent Premium Bonds

Everything, a UK-based Fintech firm focused on reinventing premium bonds with a social spin, has secured €2 million from angel investors. Merama CEO Sujay Tyle, Frontier Car Group founders Peter Lindholm and Ricardo Donoso, along with Axel Arigato co-founder Albin Johansson have all reportedly joined… Read More