Quartz.com published an article which recounted an internal online conversation various staff members had one morning regarding online P2P payments (in particular, Venmo). The article showed the difference in attitudes and behaviors between the over-30 year olds at Quartz, and those under the age of 30. Or what they called the Venmo Line.
If you have an impulse purchase problem, the Amazon Fire Phone is not the phone for you. If you need help managing your financial life, don’t think that Amazon–through it’s amazing ability to gather, store, analyze, and deploy data–is going to help you anytime soon. The Fire Phone presents a threat and two opportunities to banks.
A Forbes article titled Millennial Marketing Lessons Every Financial Services Giant Will Need contains some of the most useless bunch of millennial marketing mumbo jumbo that I’ve seen in a long time.
Facebook’s problem is that the next wave of young people–today’s 12-18 year-olds–are not as engaged with the social media platform as the prior wave was. Facebook isn’t as cool to them as it was to today’s 20-somethings, as this new wave has Snapchat and Instagram, and other alternatives. Facebook’s challenge isn’t too different from what a lot of companies face: Does it change with the users who fueled the early growth, or focus on driving engagement with the next wave?.
Can financial institutions (FIs) create a new source of revenue from the fledgling marijuana industry? The potential hurdles and compliance burdens aren’t stopping one entrepreneur. I spoke with him recently to get his thoughts on why he believes his new venture, Dispensaries of Pot Employees Credit Union (DOPECU) will succeed.
Wanna get an article published? Here’s the formula: Start by saying that you’re a Gen [your-Gen-letter]er and discuss the sorry state of affairs in the world and how your generation has been screwed over by previous generations. Spew a bunch of statistics to make your case. Don’t worry about whether or not these stats are…
At least, that’s what I would conclude after seeing the results of a survey which found that people under the age of 35 who use social networks (isn’t that all of them?) spend an average of 3.8 hours a day social networking. I thought that number was huge, so I tried to estimate how people…