Tagged: millennials

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

Generative AI’s workplace impact analyzed by Robert Half survey

How strongly one embraces generative artificial intelligence (AI) in their workplace depends on how old they are and what type of workplace one has, new research from personnel agency Robert Half suggests. Overall, 41% believe generative AI will have a positive impact on their career…. 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

Millennials Show More Interest in Private Equity as Segment Doubles in Investments

More Millennial investors are participating in private equity markets, according to a report, as younger and risk-tolerant investors are seeking to maximize long-term wealth by allocating to higher-returning but higher-risk assets. This makes a lot of sense as public markets have declined, and private firms… 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

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

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

Savings Platform Plinqit Appoints Peter Petras as Head of Sales, Partnerships

Plinqit, the “only” savings platform of its kind that pays users for learning about personal finances, has appointed Peter Petras as VP, Sales & Partnerships. Petras’ addition “follows the company’s significant growth as consumer demand accelerates.” Petras joins Plinqit with more than 20 years of… 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

Financial Tech Industry Professionals from Finn AI, MX, Q2, Rival Technologies Share Top Fintech Predictions for 2022

Towards the end off 2021, industry professionals from Finn AI, MX, Q2, and Rival Technologies came together to talk about what they’ve learned throughout the year and what advice they’d like to “impart to banks and credit unions in 2022.” By looking at the latest… Read More

Fraudsters Will Adapt in 2022: Here’s How, Says Feedzai SVP

Fraudsters are changing with the times, and Feedzai SVP of product management Andy Renshaw recently shared his thoughts on how they will behave in 2022. For starters, they’ll be more patient, Renshaw believes. Many online security measures are serving their purpose and eliminating the low-hanging… Read More

ID Verification Platform Trulioo Announces Addition of US Student Records to its Global Gateway Marketplace

Trulioo, the international identity verification firm, recently announced the addition of U.S. Student Records to the Trulioo Global Gateway marketplace of identity services “supporting compliance, know your customer (KYC), and anti-money laundering (AML) solutions.” With the addition of this service, Trulioo clients may now “verify… Read More

30+% of Brits Ditched Their Bank During Pandemic: FIS Study

More than 30 per cent of British consumers have entered a new banking relationship with a financial institution or non-bank service provider during the COVID-19 pandemic, according to a new report released from financial technology provider FIS. The FIS PACE Survey examines how UK consumers… Read More

WealthKernel, the Wealthtech Platform of Digital Investment Solutions, Partners with Topia to Promote Financial Independence

WealthKernel, the Wealthtech platform of digital investment solutions, reveals that it has teamed up with Topia, a UK-headquartered app provider that aims to empower Millennials who want to reach financial freedom and retire early. Through the partnership, Topia will be using WealthKernel’s investing API and… Read More

Younger Generations Warming to Social Media Payment Apps: GoCardless

The younger you are, the more warm you are to using social media-based payment apps, new research released this week by GoCardless suggested. The payments infrastructure provider recently surveyed 1,000 American adults about their payment preferences. They found 56% per cent of millennials and 54… Read More

Point Card, the High-Reward Debit Card, Secures $46.5M via Series B Round led by Valar Ventures

Point Card, the “high-reward” debit card, reveals that it has finalized a Series B round that was led by Peter Thiel‘s Valar Ventures. Other investors in Point Card’s latest investment round include Breyer Capital, YC Continuity, and Human Capital. Point completed a $10.5 million Series… Read More

BNPL Fintech Clearpay Introduces Merchant Analytics Solution Clearpay iQ

Clearpay, an established Buy Now, Pay Later payments platform (known as Afterpay (ASX: APT) outside the UK/Europe), has launched its new merchant analytics solution, Clearpay iQ. With this new tool, brands are able to gain access to customer-centric analytics in order assist with optimizing investment… Read More

Credit Cards Falling Out of Favor With Younger Americans

Credit card use may be falling out of favor with American consumers, results of a new survey by global payments Fintech GoCardless suggest.  Three out of four respondents (76 percent) would like to decrease their credit card use while 77 percent prefer debit cards to… Read More

Real Estate: Property Buying Fintech Tom, led by Ex- Zillow Exec Greg Schwartz, Secures $70M via Seed Round

Home buying Fintech firm Tomo, which is being led by ex- Zillow executives Greg Schwartz and Carey Armstrong, has acquired $70 million in capital as part of a seed round. Tomo’s latest investment round has been announced only eight months after the company launched its… Read More

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