Weekly Coffee Break: Roundup of Industry News

Weekly Coffee Break: Roundup of Industry News

Weekly Roundup of Industry News

Every week, we’ll share a roundup of industry news and fun links because these resources have informed, entertained, and inspired us.

Here’s our weekly roundup of industry news:

Sixty Percent of Millennials Prefer Mobile Banking: Survey – More than 60% of millennial use a mobile device as their preferred banking method, according to a new report from Irvine, Calif.’s MFour Mobile Research’s millennial Insights Project. The study of more than 1,000 millennials focused on mobile, online and in-person banking practices as well as money management habits happening with this segment of the population.

Top 5 Fintech Raises: FTV Capital, Avalara, OurCrowd, Certona, Zero – While it seems as though the unicorn birth rate is declining, investors are still finding fintech enterprises to sink their teeth (and by “teeth” I mean wallets) into, like the five companies below. Our top five fintech raises this week include SaaS companies; e-commerce; crowdfunding for, er, startups; and insurance payouts, starting with a company that could potentially fund them all.

Seven Emergency Preparedness Tips You May Not Know – It’s National Preparedness Month, which means it’s time to make sure you’re ready for whatever life throws your way. Emergency preparedness isn’t about doomsday prepping, though, it’s about being ready for the realistic events that can disrupt life at any time. Here are some lesser-known things you should do as you establish you and your family’s emergency plan.

How Will Same-Day ACH Affect Banking? – Slowly but surely, the waits are disappearing in banking. Mobile banking means you don’t have to wait on line at a branch (not that there would be a line these days if you went there). Accounts can be opened within minutes, and loans are approved more quickly. Perhaps most crucially, payments are getting faster — real-time payments are available through a growing number of networks, and same-day ACH — or part of it, at least — is going live today.

Top 10 Ways to Improve Your Daily Commute – Your daily commute, whether you get behind the wheel and drive or hop on a bus or train and wait, doesn’t have to be sunk, wasted time. Whether you use it productively or just use it for a little solace, here are some great ways to make use of the downtime.

How age impacts consumer behavior in retail banking – To explore trends affecting the retail banking experience, PeopleMetrics compiled customer feedback from both banks and credit unions, then examined how consumer behaviors and preferences change based on a customer’s age. Here are a few highlights from this analysis, and some ideas on how to put these insights to work at your financial institution.