Remove Caps Remove Credit Cards Remove Micro-Entry
article thumbnail

From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

But incumbent banks are also at the forefront of the most promising innovations in personal finance today, such as virtual credit cards. Investing: Robo-advisors and micro-investing lower barriers to entry. Borrowing: Credit-shy millennials embrace PoS lending. Payments: Mobile is replacing cash. It acquired 1.5M

Finance 77
article thumbnail

Sleepless In 2017: The Eight Big Shifts That Should Keep FIs, Retailers and Payments Execs Up At Night

PYMNTS

Now, retail — like banking — is being challenged by a new competitor: that small mom-and-pop online bookseller that, 20 years later, has become the world’s most valuable retailer (as measured by market cap). Amazon didn’t just ride the online wave; it created it and inspired a whole generation of online sellers to do the same.

article thumbnail

Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

In March 2019, Amazon announced an integration with Worldpay , which serves as a back-end intermediary between banks and credit card companies and is one of the largest payment processors in the world. Future Developments: In 2018, Amazon extended the 5% cash back reward to purchases at Whole Foods on the Prime Rewards Visa Card.

article thumbnail

Sleepless In 2017: The Eight Big Shifts That Should Keep FIs, Retailers and Payments Execs Up At Night

PYMNTS

Now, retail — like banking — is being challenged by a new competitor: that small mom-and-pop online bookseller that, 20 years later, has become the world’s most valuable retailer (as measured by market cap). Amazon didn’t just ride the online wave; it created it and inspired a whole generation of online sellers to do the same.