The Lending Opportunities Presented by Millennials (Gen Y)
Consumer loan demand continues to wane, financial institutions face earnings challenges, and anticipated interest rate increases loom on the horizon for 2015. Yet in light of all of this, segments of the population are becoming more optimistic and looking for different ways to spend (and borrow).
PayPal Does Not Have a P2P Payment Service Advantage
With the announcement of its spinoff from parent eBay, as well as its noted exclusion from Apple Pay, PayPal has been a hot topic in the news recently. For years, senior financial services executives have fretted about the threat that PayPal posed to banks and credit unions.
Social Media Remains an Enigma
The popularity of social media is undeniable. Millions of people are accessing such platforms to interact and view content of interest. Just five years ago, the primary function of social media was community building. Today, social media has evolved to include customer service outreach, brand awareness, and new customer lead generation.