2024-03-21 | banking brokerage retirement technology
... as long been recognized for its user-friendly design and experience. This week, the company's new unified mobile app experience was recognized with the 2024 Celent Model Bank award for Customer-Centered Innovation."Just as banks race to market with unified consumer and business banking apps, Bank of America raises the bar even higher," said Bob Meara, Principal Analyst, Celent, a global research and advisory firm for the financial services industry. "This customer-centered initiative may be conceptually simple, but it represents a huge win-win for Bank of America and its millions of clien...
2024-03-15 23:59:00 | retirement women
... s say that signs of a potential recession and inflation have caused them to reevaluate if and when they can retire as they deal with a cascade of economic headwinds.Keeping up with monthly payments and costs has only gotten harder as living expenses keep going up. The rising cost of living is cited by over four out of ten single women (43%) and married women (40%) as one of the main long-term obstacles to their retirement savings.According to the survey, many single women investors feel less financially secure than their married counterparts due to increased living expenses and market volatili...
2024-03-12 08:42:12 | retirement
... ce (80%), as well as improve their confidence in reaching investment goals (81%). Younger generations are also twice as likely than their older counterparts to seek financial guidance from digital sources, such as a robo advisor, social media channels or influencers they follow.However, even among those aware of robo advisors, nearly 4-in-5 across all generations agree having access to a human financial advisor is still important for when they have questions. Over three-quarters also prefer working with a human financial advisor when it comes to creating a plan to accomplish their goals.Living...
2024-03-08 | technology
... ded new patents last year.Because of the global diversity of Bank of America's clientele, the bank was able to grant a record number of patents this year thanks to its inventors. More than 7,300 innovators from 42 states in the United States and 14 other countries work for Bank of America; 26 percent of them are women. Less than 17% of inventors worldwide are female.Twelve billion dollars a year are spent on technology by Bank of America; in 2024, $3.8 billion of the amount will go toward new technology projects. The corporation has invested $32 billion in innovative technological initiatives ...
2024-01-18 | housing
... age for the purchase of a home. The three main costs of property ownership are insurance, property taxes, and mortgage payments.The report covers 45 counties with a population of at least one million. The largest disparities are found in Honolulu, Hawaii, where median three-bedroom rents consume 67 percent of average local wages, while typical single-home affordability consumes 134 percent; in Kings County, New York, (72% for renting versus 136%), Alameda County, California, (51% for renting versus 108% for owning); Santa Clara County, California, (29%), Orange County, California (outside of L...
2023-06-01 12:00:00 | banking credit cards technology
... oviders that get their digital formulas right can position themselves as the hub of their customers’ financial lives,” said Jennifer White, senior director of banking and payments intelligence at J.D. Power. “Many banks and credit card providers clearly recognize this potential and have focused heavily on new digital tools related to personal financial management, but the results have been uneven thus far. While some providers are really elevating their customers’ digital experiences, others are struggling to get past basic transactional features.”Following are some key findings of t...
2023-06-01 11:00:00 | credit unions lending
... ...
2023-06-01 | housing
... in Hartford, Connecticut, averaging $4,443 a year. Costs for homeowners insurance vary based on home value, so homeowners in the most affordable metro areas, such as Pittsburgh and Cleveland, have the added benefit of lower insurance bills. The analysis also considered Thumbtack's 17 essential home maintenance projects, based on data from millions of home projects completed across the country. These projects average a combined $6,413 annually. The average cost of upkeep is highest in Los Angeles and Chicago, totaling $8,639 and $7,722 respectively. Meanwhile, homeowners in Las Vegas can ...
... They can ask sellers to come down on the price, make costly repairs, as well as contribute to their closing costs or buy down their mortgage rates. If they're purchasing new construction, they can also request upgrades. This can add up to substantial savings."May 2023 Housing Metrics – NationalMetricChange over May 2022Change over May 2019Median listing price+0.9% (to $440,000)+38.0 %Median listing price per square foot-0.3% (to $225)+47.1 %Active listings+21.5 %-50.7 %New listings-22.7 %-30.4 %Median days on market+14 days (to 43 days)-9 daysShare of active lis...
2023-02-28 | consumers
... ers who are living paycheck to paycheck are more likely to change how they use credit cards, with a 90% increase among those who have trouble paying their payments compared to an 81% increase among those who don't. Budgeting and cutting back on spending were popular techniques used by 32% and 31%, respectively, of cardholders. Consumers continue to have a financial backlog that they will carry into the foreseeable future even as they modify their spending habits to fit the demands of the current economic situation. The average consumer has credit card debt equal to 35% of their available sa...
2022-09-22 | consumers economy
... of-living crisis bites, Marqeta, a global credit card issuance platform, revealed new research finding that over half (48%) of UK consumers questioned find it difficult to make the minimum monthly payments on their credit cards. The poll of more than 1,000 UK consumers reveals that as the country transitions from the pandemic to the cost-of-living issue, individuals have merely switched their financial concerns. With 57% of those surveyed reporting using credit cards to make ends meet over the past year.Consumers in Generation Z are even more dependent on credit; 68% of respondents in the 18...
2022-08-09 12:10:00 | consumers economy
... items. Consumers have not yet showed signals of increasing borrowing, and household deposit and savings balances are still high. Approximately in line with June's figures, Bank of America's total payments climbed 7% year over year in July. This figure provides a comprehensive picture of cash flow and includes credit card, debit card, Automated Clearing House, wires, bill pay, person-to-person, cash, and cheques. The average household's card expenditure climbed by 5.3% annually, down from 5.7% in June. With personal consumption expenditure (PCE) inflation at 6.8% and the US Consumer Pr...
2022-07-27 12:00:10 | housing
... spondents are: 39% want a secure future; 35% want a retirement fund; 26% want an increase in their emergency savings; 25% desire to get out of debt. 68% expressed a desire for retirement and to age in places. However, more than half (53%) expressed concern about their ability to comfortably live in retirement. The older generations expressed strong interest in retirement and in aging in place, as well as reducing their costs. 76% and 72% respectively of the Silent Generation expressed an interest in retirement and aging in-place. The Sile...
2022-05-05 12:00:00 | consumers payments
... their phone is lost or stolen (61%), stops working (56%) or a store does not accept payments via smartphone (50%). Consumers also like the idea of having an in-person option if they need to replace a card. While two thirds (66%) of debit card users would be more likely to request a replacement debit card online than at a branch, 62% of consumers overall and 74% of millennials say the ability to get a replacement card at the branch would influence where they bank. Younger consumers also have a preference for a personal touch when it comes to paying bills, with 48% of Gen Z and millennial...
2022-05-02 12:00:00 | consumers credit
... goes on to note that the number of credit card holders remains high, with 63% of respondents representing all financial walks of life claiming to have made credit card payments in the past 90 days. Paycheck-to-paycheck consumers are three times more likely to revolve credit card debt and generally have higher monthly balances. Those consumers who never pay their credit in full also tend to have more credit cards than the average. PYMNTS research shows that 29% of credit card holders "always" or "usually" change their balances. On average, credit card holders have about two credit cards, w...
2021-10-21 12:00:10 | credit demographics
... ility to schedule all of their split payments on a single day of their choosing. Secure experiences: The study found that security is more important to Gen Z than any other generation. Nearly nine in 10 (86%) want protection from fraudulent websites, over eight in 10 (83%) want the ability to lock their account if they expect fraud, and more than three in four (76%) want two-step authentication for the payment methods they use. "Our study depicts a cautious, responsible and choice-driven Gen Z consumer – but one whose needs are not fully being met by traditional credit and other payme...
2021-10-20 12:10:10 | demographics
... ce works. Comprehending risk: understanding uncertain financial outcomes. Go-to information sources: recognizing appropriate sources and advice. Source: TIAA...
2021-10-20 | housing
... ...
2021-10-12 12:00:00 | retirement
... see as obstacles to saving for retirement. Daily living expenses were cited as the biggest obstacle by almost half of those surveyed (45%). This was followed by housing payments (34%), medical debt (24%), saving for other goals, such as starting a family or buying a house (21%), and the financial impact of COVID-19 (20%). Results also show there are knowledge gaps when it comes to retirement saving and planning. Around half of respondents do not feel knowledgeable about how to save for a comfortable retirement (47%), the difference between various saving types (51%), or making decisions abo...
2021-08-25 12:00:00 | economy
... ing future financial goals." Although debt is holding some back from major decisions, there are positive indications that people are looking ahead to manage and reduce their debt. Two-thirds (66%) of those with some debt say they have a specific plan to pay it off, and have a timeline for doing so: 45% only expect to be in debt for 1-5 years 20% say for the next 6-10 years 14% say between 11-20 years 9% say for the rest of their lives The pandemic has shifted these timelines, putting some behind and giving others a chance to gain some ground. Specifically, 34% say it will ta...
2021-06-09 12:00:00 | consumers digital pandemic
... ew 28% to 42%. Among those who began smartphone-based retail behaviors during the pandemic, around 70% intend to continue most of those behaviors. The survey also revealed that while connectivity held up remarkably well to the demands of unexpectedly crowded homes during the pandemic, many households had reached the limits of broadband, wireless and Wi-Fi networks. And with reduced movement outside the home during the pandemic, it's not yet clear how well existing smartphones and mobile connectivity will serve post-pandemic behaviors. Since the pandemic began, 19% of those with home i...
2021-06-08 12:00:00 | housing
... -- spending a lot more time at home and thinking about where, and how, they want to live. A larger house with an office or chef's kitchen, or a home with lower monthly payments in sunny Arizona, became extremely alluring. All the while, interest rates kept dropping, adding fuel to a scorching-hot housing market and boosting shoppers' buying power. Home appreciation was supercharged in 2020 by massive demand and limited supply, driving typical home values up 8.4% ($20,716) over the course of 2020, compared with 3.7% growth ($8,791) in 2019. Tucker said the trend could contribute to conv...
2021-05-12 12:20:00 | consumer spending
... t consumer confidence is building as the pace of vaccinations increase and restrictions are eased across the country,” added Wayne Best. “Signs of economic recovery, additional stimulus payments and optimism that the pandemic is waning are contributing to stronger spending compared to last year and even within recent months." The gains in spending momentum, however, remain uneven. The SMI for cities that experienced the greatest job losses in April 2020 has been on average 1.5 points lower over the last year than cities where job losses were more limited, indicating that fewer consumers...
2021-05-12 12:00:01 | advice financial planning
... ...
2021-05-10 12:00:01 | pandemic
... y restricted activity when it's safe. The most anticipated activities include indoor dining (74 percent), travel out of state (72 percent), and concerts (61 percent). More than half of people in loyalty programs (54 percent) are concerned that accrued rewards points will expire. "We experienced several paradoxes over the last 13 plus months. We were lonely, yet more connected online. We were bored, yet took on many new hobbies. We were isolated from in-person learning, yet still feel smarter," said Nate Skinner, senior vice president, Oracle Advertising and Customer Experience (CX). "Our ...
... the Mastercard payments network, coupled with survey-based estimates for certain other payment forms, such as cash and check. As such, SpendingPulse™ insights do not in any way contain, reflect or relate to actual Mastercard operational or financial performance, or specific payment-card-issuer data. Mastercard SpendingPulse defines: U.S. retail sales: As sales at retailers and food services merchants of all sizes. Sales activity within the services sector (for example, travel services such as airlines and lodging) are not included. Restaurants: All full-service restaurants an...
2021-04-20 12:00:06 | investing payments
... rencies accessible and attractive. We believe digital assets are a strategic part of a well-rounded portfolio and providing crypto education will help remove barriers to entry." Source: Gemini...
2021-04-20 12:00:05 | payments technology
... cy. Crypto on Venmo is starting to roll out today and will be available for all customers directly in the Venmo app within the next few weeks. Source: PayPal Holdings, Inc....
2021-04-15 12:00:05 | banking
... . However, these numbers decrease for all generations when asked if they plan to give their future loan or investment business to their current primary financial services organization. Source: BAI...
... ple reasons; a desire for financial flexibility, a way to avoid incurring credit card debt, or to purchase items outside of their budgets. However, despite its popularity, consumer debt and missed payments have led to calls for additional research and regulation. To take a closer look, The Strawhecker Group (TSG) conducted a survey of over 1,500 U.S. consumers in early 2021 with a goal of understanding domestic attitudes and perspectives on the use of BNPL services. TSG found that 39 percent of consumers have tried BNPL, and of those, 55 percent tend to spend more ($312 average spend) comp...
2021-04-08 12:00:00 | consumers spending
... e face of the pandemic. In comparison, during the second half of the month, retail sales rose 46.9% YOY. This growth reflects both the positive boost of the stimulus payments on consumer spending as well as the lockdowns that weakened retail sales across the country in the same period in 2020. The unique retail scenario of last March is also seen in the year-over-year comparison for the sectors. For instance, in March 2020, discretionary sectors such as Apparel and Jewelry experienced a dip in spend when people first started social distancing; this has led to significantly elevated ...
2021-04-06 16:00:00 | consumers lending
... nd professional lives – and we don’t think access to it should come at the cost of anyone’s financial well-being,” said Anthony Noto, CEO of SoFi. “We know lowering monthly payments on a loan that was used to finance an expensive, yet often depreciating, asset is a smart decision that can make a very real, positive impact, not only on a monthly basis but also in the long-term. Our decision to expand into auto loan refinancing is rooted in a belief that everyone deserves visibility into the steps they can take to improve their financial stature throughout each milestone in their finan...
2021-04-05 12:00:05 | consumers
... ing uncertain financial outcomes. Go-to information sources: recognizing appropriate sources and advice. Source: TIAA Institute...
2021-04-01 12:00:01 | housing real estate
... ...
2021-04-01 08:20:22 | payments
... nderstanding of the short and long-term impact of recurring payments. Source: Chase...
2021-03-30 12:09:00 | housing
... funding their retirement with social security or a pension, giving them a sense of financial security, and homeowners planning for retirement are following the same model. Seven in ten (70%) retired homeowners' homes are fully paid off and nearly half (47%) say owning a home makes them feel secure - that it's a big financial asset. But the Fed is showing retirees' wealth in their home decreasing as they age and rock-bottom interest rates are putting pension funds and recipients at significant risk down the line - meaning this sense of security might be superficial. 80% of retired American ...
... o will automatically appear in the PayPal wallet at checkout for customers with sufficient cryptocurrency balance to cover an eligible purchase. "As the use of digital payments and digital currencies accelerates, the introduction of Checkout with Crypto continues our focus on driving mainstream adoption of cryptocurrencies, while continuing to offer PayPal customers choice and flexibility in the ways they can pay using the PayPal wallet," said Dan Schulman, president and CEO, PayPal. "Enabling cryptocurrencies to make purchases at businesses around the world is the next chapter in driving ...
2021-03-29 12:00:00 | housing
... s well as landlords who have struggled to meet mortgage and utility obligations due to missed rent payments. However, the government has struggled to distribute that money fast enough to meet the needs of renters and landlords, as the March 31 moratorium deadline loomed. “The ongoing challenge for policymakers is to keep renters in their homes without overburdening landlords,” according to Glynn. “Further extending the eviction moratorium achieves one goal but also prolongs the financial stress on individual landlords. Eventually the federal moratorium will end, back rents will come ...
2021-03-26 | economy
... ...
2021-03-24 | housing real estate
... me more confident in the economic recovery, they will be more willing to offer loans to borrowers with less-than-immaculate credit." The Homebuying Process Is Taking Longer Homebuyers toured 14 homes on average during the last six months, up from 13 homes a year earlier. From start to finish, the homebuying process took a median of 96 days, compared with 91 days during the same period the prior year. It's taking longer to find homes in part because there's an intensifying housing shortage that's causing many house hunters to get outbid repeatedly. "Within hours of a home hitting t...
2021-03-21 | pandemic
... of global respondents (29%) are worried about making upcoming payments, and that number is even higher (36%) for ages 18-34. Discretionary spending makes gainsWhile financial stress weighs on consumers, global intent to spend on discretionary items, which had stagnated since last summer, is improving in the U.S. and Europe, with mixed sentiments in Asia. With the vaccine rollout and latest stimulus, further signs of easing can be expected. Three in 4 U.S. consumers surveyed plan to spend the same or more on apparel and restaurants in the coming weeks. Signs of optimism are emerging for ...
2021-02-23 15:00:00 | advice banking
... onsumers and 476 senior executives in banking, brokerage, capital markets, wealth management, and cards and payments across the U.S., UK, Germany, Spain, Italy, Japan, Brazil and Mexico in December 2020. Key study findings include: 1) The top five reasons customers leave their financial institution center around price, access, and trust (ranked in priority order). High fees Poor customer service Data breach Unattractive savings and loan interest rates Competitive offers 2) Trust is most important to customers. 66% of customers tell banks “be honest w...
... ; said Rebekah Moody, director of fraud and identity for LexisNexis Risk Solutions. "While digital businesses are working hard to better provide for new and existing customers, they must identify and mitigate potential risks moment by moment in order to protect consumers from becoming victims of fraud. "Building a layered defense is key," Moody continued. "Uniting the best digital identity intelligence with physical identity solutions and behavioral biometrics intelligence can be the gamechanger that organizations need to lessen the unpredictable tides of fraud. "Dig...
2021-02-09 14:00:00 | mortgage housing
... owever, the recent rebound in employment has helped some struggling homeowners begin to make payments again. “The consistent decline in serious delinquency since August is a sign of growing financial stability for families,” said Frank Martell, president and CEO of CoreLogic. “In addition to ensuring that homeowners stay in their homes, the decline in delinquency means fewer distressed sales, which is both a positive for individual households and the overall housing market.” “Urban areas hit hard by the pandemic recession or by a natural disaster experienced the largest spike i...
2021-02-09 | investing
... 5 percentage points (ppts) compared to Q2 2020. Plummeting rental rates in city centers, rent abatements and cuts, temporary rent and mortgage non-payments, and historically low mortgage rates all drove this decline. With these housing savings, total spending on essential goods and services (including food/beverage at home, routine transportation, education, and medical) fell −4.1 ppts in Q4 2020 compared to Q2. Consumers shifted their spending, in large part, to discretionary products (+3.8 ppts)—including electronics and, especially, apparel. Political stability and climate ch...
2021-02-09 | communication
... AY, which allows customers to make secure payments by simply replying to a payment request text with the last four digits of their phone number. Beyond payments, businesses have an opportunity in 2021 to capitalize on additional texting preferences from their customers. Consumers said that the most valuable kinds of texts they received from businesses in 2020 were appointment reminders (64%), shipment and delivery updates (48%) and discounts on products or services (29%). The challenges of 2020 didn’t stop at the pandemic – 25% of businesses said they were impacted by natural disaste...
2021-02-02 13:00:00 | pandemic retirement
... financial goals. While debt and bills may have been hard to talk about before, the pandemic has made it easier – and necessary – to have an open conversation on these topics." Source: TD Bank...
2021-02-01 14:00:00 | banking
... %). Though digital banks are still employing traditional advertising channels like billboards and magazines, these channels have been found to be among the least effective. Source: MetaBank N.A....
2021-01-25 09:21:00 | transportation automation
... nset of the global pandemic. Among the most popular activities for shoppers to complete online or at home: Finding information on incentives; calculating monthly payments; applying for credit; and finalizing the vehicle price. Importantly, franchised automobile dealers know what the future holds. In the survey, 75% of dealers agreed that they would not be able to survive in the long run without adopting digital retailing tools and moving more of their sales process online. Digital Retailing is a Win-Win for Consumers and Dealers According to the study, 64% of shoppers want more of the...
2021-01-22 13:00:00 | housing
... high of 2.79% on Dec. 25 and ended the month at 2.75%. Even as prices rose late in 2020, record low mortgage rates have made monthly payments more affordable for buyers. Rates are currently on an upward trend, but are still far below long-term averages. Source: Zillow...
2021-01-14 | payments banking credit fintech
... hat month. Upgrade customers earn 2% cash back on common everyday expenses (convenience stores, drugstores, gas stations, restaurants - including deliveries) and recurring payments (utilities, phone, cable, monthly subscriptions including streaming services), and unlimited 1% cash back on all other debit card charges. 2% cash back is limited to $500 in rewards per calendar year. Source: Upgrade...
2021-01-13 08:00:00 | healthcare payments
... s, to continue its health and well-being focus and to enhance its loyalty program and customer personalization. Walgreens plans to explore a number of Mastercard solutions across the payments technology ecosystem, including services such as insight and analytics, customer engagement and loyalty, cybersecurity, and point-of-sale financing, including installments. “Walgreens is committed to providing our customers and patients with unparalleled loyalty and rewards experiences for managing their health and well-being, and we are excited to partner with Synchrony and Mastercard, who share our...
2021-01-13 | global confidence
... d household balance sheets by keeping people employed and cancelling or deferring certain loans and tax payments. However, as fiscal taps run dry in certain markets, continued gains in consumer confidence may stall in the near term. Widespread availability of COVID-19 treatments and vaccines: As advanced economies begin vaccination campaigns, many emerging markets may struggle to secure enough doses and to distribute them effectively. Looking ahead, an uneven recovery in consumer confidence is likely to emerge depending on each markets’ access to and deployment of vaccines. Globally, con...
2021-01-12 11:01:00 | payments
... us Shoppers: While the universal focus is on mask use in stores, consumers are also eager to have payment alternatives to handling cash, pens and keypads. 47% of consumers say they will not shop at a store that does not offer a contactless way to pay. At the Card Wash: Card cleanliness remains key for consumers in the fight against the spread of Covid-19. More than three in five (62%) are taking steps to keep their credit cards clean; using disinfectant on their card is the top approach, at 31%. Regional Insights: Making Moves to Meet Consumers Pivoting to meet the new digital-f...
2021-01-12 | consumer confidence
... saw a slight rebound on the index. This is likely due, in part, to the COVID relief payments passed last month and the possibility of a $2,000 stimulus payment coming from the new administration. So, while the nation continues to struggle through the COVID crisis, there is hope that things will improve in the near future.” Economic Optimism Index Breakdown This month, eight of 21 demographic groups — such as age, income, race and party preference — that IBD/TIPP tracks are above 50.0, in positive territory, on the Economic Optimism Index. That’s vs. nine in December, eight in Nov...
2021-01-11 14:59:00 | transportation
... ing number of people are deferring vehicle loan/lease payments with some intending to acquire a less expensive vehicle than originally planned. One in 10 Americans (10%) opted to defer their automotive payment in 2020, but that rises to 23% among consumers aged 18-34. In addition one-third of U.S. consumers are pushing back their purchasing timelines for a new vehicle. The COVID-19 pandemic has given rise to more virtual transactions, but certain aspects of the buying process remain difficult to digitize, reinforcing the consumers' desire for an in-person experience. U.S. consumers rema...
2021-01-06 | housing mortgages millennials
... began tracking the data in January 2016. Millennials refinancing their mortgages to lower their monthly payments continued to increase loan volume, causing the average time to close a refinanced loan to increase by two days month-over-month, from 58 days to 60 days. Overall, average time to close for all loan types increased from 49 days in October to 52 days in November. “With interest rates reaching historic lows, millennials have refinanced to take advantage of a significant savings opportunity they will see play out over the long-term,” said Joe Tyrrell, president, ICE Mortgage T...
2021-01-05 | spending automotive
... anced for new vehicle purchases increased as well, climbing to $35,373 in the fourth quarter compared to $34,692 in the third quarter and $33,525 a year ago. And, Edmunds data reveals that monthly payments increased, reaching $581 on average in the fourth quarter compared to $568 in Q3 and $570 a year ago. Edmunds experts note that financed vehicle purchases in December helped drive these figures up compared to the third quarter. According to Edmunds data, December financed purchases represented the highest average monthly payment of the year at $587 and the highest average down payment of ...
2020-12-31 | insurance fintech insurtech
... e digital experience with lightning-fast claim payments, best-in-class customer service, and an unconflicted business model. Source: Lemonade press release and Investor Relations documents ...
2020-12-31 | housing
... enses not exceeding the 28 percent barrier — meaning households would not be spending more than 28 percent of their income on mortgage payments, property taxes and insurance. That required income is more than the $64,447 average wage nationwide based on the most recent average weekly wage data available from the Bureau of Labor Statistics, making a median-priced home nationwide unaffordable for an average household with two wage earners. Source: ATTOM Data Solutions press release ...
2020-12-28 | housing
... monthly payments. Combined, that will make homes harder to afford, especially for first-time buyers who don't have access to funds from the sale of their current home. Source: Zillow Mediaroom...
2020-12-20 | housing mortgages
... the coronavirus was declared a pandemic. Redfin analyzed median monthly mortgage payments based on each month's median list price and average mortgage rate by month, both nationally and for the 50 most populous metros in the U.S., excluding December. The median list price nationwide was $336,000 in November, the highest median price on record, but that was offset by an average mortgage rate of 2.77%, the lowest on record. Both sides of the equation were fueled by the pandemic: Prices were driven up by remote work and Americans' desire to move to more spacious homes, while low mortgage rate...
2020-12-08 | insurance europe fintech insurtech
... under the ticker LMND. Consumers rate Lemonade #1 for its insurance products across multiple platforms, citing the hassle-free digital experience with lightning-fast claim payments, best-in-class customer service, and an unconflicted business model. “Home insurance is often legally required in France, which makes it a compelling opportunity for Lemonade’s next European country launch,” said Daniel Schreiber, Lemonade CEO and co-founder. “While the French insurance market is one of the most developed globally, we believe that Lemonade’s unique mix of value, values, and technolo...
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