Top Gen Z Trends Impacting Banking
Gen Z's attitudes toward finance have shifted since the advent of Covid. Banks and credit unions would do well to understand what's changed.
Articles about Gen Z banking trends, habits and payments preferences, with insights into how the next generation of banking consumers feels about credit cards, cash, fintechs and digital banking tools.
Many don't see the need for a card representing an account they use on their smartphone. But don't ditch cards entirely for Gen Z consumers.
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Gen Z's attitudes toward finance have shifted since the advent of Covid. Banks and credit unions would do well to understand what's changed.
Mobile bank Zelf is building its future growth on a niche market shrugged off by most traditional institutions: Gamers and 'Creators.'
What credit card out there works for underserved Gen Z'ers? Not many traditional providers have one. Luckily, there's the X1 Card, says its co-founder Siddharth Batra.
Independent contractors represent a fast-growing market, and millions of them need bank accounts. The right digital features are key.
Wait, wasn't Gen Z supposed to be 'debt averse'? New research paints a more nuanced picture as new card accounts surge.
Financial institutions can't approach the generation that's growing up with BNPL and likes debit cards the same way as Millennials.
Startups surged during the pandemic, and like their mostly young owners, they have digital DNA. Are banks and credit unions ready for them?
Current isn't just another fintech. Equipped with all its own technology, the neobank's Gen Z strategy targets legacy institutions.
Megabanks are winning greater checking market share as younger consumers become the majority. But all is not lost.
Fintechs and challenger banks are crafting banking and money tools for pre-Gen Z consumers. Here's what's going on and why it matters.
Brand decisions are not easy and banks and credit unions often put them off. But by following three steps, the path to success becomes clear.
Banks and credit unions can't treat generational traits as the final word in how to serve consumers. Try looking at who heads the households.
Learn how Sprinklr is redefining success in the financial sector by harnessing the potential of tailored content and personalized engagement.
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Offering aggressive financial marketing strategies custom-built for leaders looking to redefine industry norms and establish market dominance.
The industry assumes Gen Z will only be attracted to fintechs, but they still have a soft spot for traditional banking providers.
There are three primary ways to effectively earn the trust of Gen Z: innovative reward programs, branches and celebrity effects.
The two generations have some similar banking preferences, but banks and credit unions shouldn't assume both age groups are alike.
Studies are great, but hearing directly from members of this up-and-coming generation provides a virtual focus group of marketing insights.
Revamping banking to fit the 'customers of tomorrow' may not actually pay off for banks and credit unions in the long run.
If financial institutions keep marketing to Gen Z like they did Millennials and Gen X, they'll keep coming up short.
Three strategies will help banks and credit unions meet younger generations' challenges during COVID slump.
Data confirms one idea about mobile/web product expectations but refutes two others relating to personalization and willingness to pay.
Gen Z'ers are misunderstood and miscategorized by the banking industry, says Gen Z and Millennial researcher Jason Dorsey. He talks his new book, "Zconomy, How Gen Z Will Change the Future of Business – And What to Do About It" and what financial marketers should improve for the generation.
Despite all the fintech apps, consumers will give more business to traditional institutions if service is personalized, imaginative, trusted.
Explore the big ideas, new innovations and latest trends reshaping banking at The Financial Brand Forum. Will you be there? Don't get left behind.
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