Monday, December 23, 2024
You searched for: technology

Homeowners Facing Increasing Insurance Rates

2024-04-11 08:45:00  |  housing inflation insurance 

... gly receptive to the idea of personalized policies and preventive technologies. In 2023, insurers introduced discounts of up to 15% for homes equipped with smart technology that mitigates risks, such as water leak detectors and automatic shut-off systems.Experts recommend homeowners conduct annual policy reviews to ensure their coverage meets their current needs at the best possible rate. Investments in disaster resilience and smart home technologies not only enhance safety and convenience but can also lead to substantial insurance savings....

Younger Generations Lean Towards Cryptocurrency Over Real Estate, New Survey Finds

2024-04-09 09:25:00  |  cryptocurrency demographics real estate 

... of error of +/- 2%, highlight the varying financial attitudes and practices across different generations, reflecting broader economic trends and the influence of technology and social media on financial decision-making....

Satisfaction Rises among Clients Using Financial Advisors

2024-03-21  |  advice brokerage 

... This group is put at the greatest risk by technology-enabled solutions that can effectively compete on price and efficiency. Delivering truly personalized guidance that addresses a client’s unique goals and challenges, major life changes and investment strategies that transcend returns are keys to insulating the business from future competitive threats.Study RankingU.S. Bank ranks highest in overall investor satisfaction with a score of 761. Edward Jones (749) ranks second and Vanguard (748) ranks third.The U.S. Full-Service Investor Satisfaction Study, now in its 22nd year, measures overall...

BoA Creates One App to Rule Them All

2024-03-21  |  banking brokerage retirement technology 

... of Digital at Bank of America. "By combining five apps into one, we're putting clients at the center of the experience, with our full enterprise and next-gen technology at their fingertips."The Bank of America mobile app is one of the first in the industry to combine banking, investing and retirement within one simplified mobile experience. Additional features of the reimagined app include:One personalized financial picture. A streamlined Accounts Overview experience provides clients with a summary of their accounts across banking, investing, and retirement.Full suite of digital tools in a sin...

Investors With a Plan Double Up On Retirement Wealth

2024-03-19  |  financial planning retirement 

...  and are interested in using digital planning tools to help with income, savings, and spendingMeyer continued, "Advances in technology have given investors greater access to effective and convenient solutions for personalized financial planning, and we expect the demand to increase, especially for tools involving retirement income."Plan sponsors can meet this need by providing digital services and financial wellness programs that address the impending needs of pre-retirees and families in retirement. These types of solutions are not only valued by participants but could also be a catalyst for ...

Americans Choosing a More Intentional Retirement

2024-03-12 08:42:12  |  retirement 

... inancial advisor when it comes to creating a plan to accomplish their goals.Living in RetirementNearly all respondents (85%) want to retire while they are still healthy enough to be active, targeting an average retirement age of 61-62. Motivating factors for determining when to retire vary by generation though; Gen Z and Millennials cite becoming debt-free or reaching career goals as top factors; whereas Boomers say they’ll retire when they emotionally ‘feel’ ready. One-in-10 Gen X respondents have not yet determined when they plan to retire, although they are continuing to save at Fidel...

Bank of America Patents Up 70% Over Five Years

2024-03-08  |  technology 

... ...

Insights into Offerings for High Net Worth Clients by Leading Wealth Managers

2024-02-09  |  high net worth wealth management 

... nt. Leading firms invest substantially in technology to offer state-of-the-art analytical tools, real-time financial data, and bespoke investment recommendations, empowering high net worth clients to make well-informed decisions promptly. These digital solutions enhance convenience and accessibility, allowing clients to oversee their investments and interact with advisors from any location.Sustainable and Impact InvestingA growing segment of high net worth individuals seeks to ensure their investments reflect their ethical values, propelling the demand for sustainable and impact investing. Fir...

Home Prices Remain Resilient

2023-06-01 17:00:00  |  housing interest rates 

... 9% from a year earlier, the smallest decline in two months.Home-sale prices declined in 30 metros, with the biggest drops in Austin, TX (-16.4% YoY), Oakland, CA (-11.5%), Las Vegas (-9.9%), San Francisco (-8.6%) and Sacramento, CA (-8.5%).Sale prices increased most in Milwaukee (9.3%), Cincinnati (6.4%), Miami (5.7%), Fort Lauderdale, FL (5.4%) and Newark, NJ (4.7%).The median asking price of newly listed homes was $398,413, essentially unchanged (+0.1%) from a year earlier.The monthly mortgage payment on the median-asking-price home hit a record high of $2,651 at a 6.79% mortgage rate, the c...

Personal Financial Management Becomes New Frontier for Bank and Credit Card Apps

2023-06-01 12:00:00  |  banking credit cards technology 

... ers nationwide and were fielded in February-March 2023.To learn more about these studies, visit https://www.jdpower.com/business/resource/us-banking-and-us-credit-card-mobile-app-satisfaction-studies....

End-to-End, Third-Party Operating Models Deployed by Wealth and Asset Managers Are Transforming the Industry

2023-06-01 15:00:00  |  asset management 

... ...

Global High-Net-Worth Population Sees Biggest Decline in Size and Wealth for Over a Decade

2023-06-01  |  wealth management hnw 

... y accelerating end-to-end digital transformationDevelop a wealth-as-a-service (WaaS) proposition using third-party channels, including retail banks and independent advisorsBuild a dedicated platform for wealth services augmented with self-service tools to improve customer managementReport MethodologyThe World Wealth Report 2023 covers 71 markets, accounting for more than 98% of global gross national income and 99% of world stock market capitalization. The Capgemini 2023 Global HNW Insights Survey questioned 3,171 HNWIs across 23 major wealth markets in North America, Latin America, Europe, and...

Gen Z Immersing Themselves in World of Investing

2023-05-24 10:23:10  |  investing 

... t is vital to understand their investing decisions and to provide them with the educational tools to prepare for those decisions."Key findings from the research include:More of Gen Z are investing than not: Canada has the highest proportion of Gen Zs who invest, with nearly three in four (74%) saying they own at least one investment, compared to more than one in two in China (57%) and the U.S. (56%), and 49% in the UK.Crypto is a popular investment choice among Gen Z investors: More than two in five (44%) U.S. Gen Z investors first started out investing with crypto, compared to 35% o...

Envestnet Examines Keys to Unlocking Complicated Financial Relationships

2022-07-28  |  financial advice 

... tal human experience that is a well-balanced mix of human-centric support from dependable financial professionals, integrated technology engagement via financial applications, and embedded finance, continued Ms. Dugan. "We have a fantastic opportunity to learn what investors of all ages genuinely need, want, and expect will be delivered to help guide them on their journey toward financial wellbeing - allowing them to attain their full financial potential." Source: Envestnet...

Inflation Concerns Slowing Middle-America Spending

2022-07-14 12:00:00  |  consumers economy 

...  back on restaurant/takeout meals, up from 57% in March. Nearly the same amount (69%) say they plan to keep their current technology instead of upgrading, up from 44% in March. And about half (49%) are planning to budget or cut back on groceries, up from 37% in March. Reassessing major purchases. Overall, more than one-third (38%) have already delayed a major purchase due to rising interest rates, including the biggest hike by the Fed in nearly 30 years. Still, about the same percentage (39%) say they plan to take a vacation in the next 12 months. Many rethinking future financial pla...

Boomers Prefer Credit Cards Over Debit Cards

2022-05-05 12:00:00  |  consumers payments 

... (76+). About Fiserv...

Fidelity Launches Bitcoin Offering for 401(k) Accounts

2022-04-26 12:10:00  |  crypto retirement 

... onths as Fidelity continues to build out its digital asset platform, leveraging blockchain technology and expanding use cases beyond bitcoin. Source: Fidelity Investments...

Millennials Are Reshaping What It Means to Retire

2022-04-25 14:00:00  |  demographics financial planning retirement 

... bout retirement. Their curious nature, tenacity and commitment to the latest gadgets will carry through into retirement. “As with any generation, every individual will have a different vision for their ideal retirement, but the key for everyone is to start saving and investing early,” said Rob Williams, CFP®, managing director of financial planning, retirement income and wealth management at Charles Schwab. “If you dream of constant travel, make that a specific line item in your retirement plan to ensure you have the funds to make it happen. If you want to maintain exposure to high...

Consumers' Changing Definition of Sustainability

2022-04-25 12:00:00  |  sustainabillity 

... mer respondents. Conversely, the gap between men and women and high and low incomes is relatively smaller. As in 2019, consumers continue to view government, technology and food companies as leaders in sustainability. What follows is a more eclectic list of homebuilders, automakers, restaurants, pharmaceutical companies, and appliance manufacturers. However, consumers believe that every sector, government sector and NGO can do more, even those that are already the best performers today. For example, while 48% believe utilities are having a positive impact, 73% believe they need to change t...

Digital Tools and Assets on the Rise in Estate Planning

2022-04-25 10:00:00  |  financial planning 

... l wealth planning tools," says Donna Walton, Vice President, Wealth Strategist at TD Wealth. "People want their financial planning to advance alongside their day-to-day use of technology and digital integration." The results also revealed that more than eighty percent (83%) of surveyed estate and financial planners said they use digital tools to support clients' estate planning, leveraging estate planning software (52%) and online wealth and/or estate planning platforms (48%), demonstrating that a majority of estate planning professionals are going digital to efficiently support their clien...

More Home Sellers Dropping Prices

2022-04-22  |  housing 

... ercentage points behind the same period in 2021, according to home tour technology company ShowingTime. Mortgage purchase applications were down 14% from a year earlier, while the seasonally-adjusted index decreased 3% week over week during the week ending April 15. For the week ending April 21, 30-year mortgage rates rose to 5.11%—the highest level since April 2010. This was up from 5% the prior week. While sellers still have the upper hand, buyers are beginning to wield a bit more power, according to Redfin Los Angeles real estate agent Heidi Ludwig. “Buyers are becomin...

Technology More Important Than Ever For Boomers

2021-12-21 09:22:18  |  boomers technology 

... y track health indicators are also of great interest. However, 42% of seniors believe this technology was not designed for them. About 30% of seniors use technology for personal hobbies, mainly through video content. Streaming content continues to grow, with most subscribing to an average of three platforms. Source: AARP ...

Emerging Trends In Banking And Finance

2021-10-14 12:00:00  |  banking demographics 

... rences in Banking Habits: Only 47% of Gen Z respondents claimed to have an account with a traditional bank, credit union, neobank or technology company. Attitudes Toward Financial Apps: More than 80% of Gen Z and millenials are using a money transfer app. Customer Support Preferences: 53% of Gen Z respondents and 42% of millennials wanted to be able to find their answer online, while 27% of baby boomers preferred this channel. Satisfaction and User Experience with Digital Banking: 85% of respondents were at least somewhat satisfied with their overall banking services experience, though b...

Bidding Wars Drop To January Lows

2021-08-16 09:08:19  |  housing 

...  of home offers written by Redfin agents faced competition, down from a revised rate of 66.5% in June and a pandemic peak of 74.1% in April, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage While July's bidding-war rate was the lowest since January, it was still higher than the 57.9% bidding-war rate we saw in July 2020, when the housing market was recovering following a shutdown caused by pandemic restrictions. Homebuying conditions have been improving this summer following months of fierce competition and soaring prices that were driven b...

Majority Of WFH Workers Concerned About Office Safety

2021-06-10 12:00:00  |  employment workplace 

...  separate question, 84% of managers say they would find it helpful to receive training in how to manage remote workers – including 56% who would find such training very helpful. Source: MindEdge...

Demand For Second Homes is Cooling to Pre-Pandemic Levels

2021-06-10 08:52:09  |  housing interest rates 

... e." Source: Redfin...

How the Pandemic Stress-Tested Our Digital Homes

2021-06-09 12:00:00  |  consumers digital pandemic 

... t technology and invention, ideally, is about supporting human needs." Both in and out of the home, smartphones helped people get on with their lives while mitigating pandemic risks. Users adopted a range of new digital behaviors, including online mobile payment services, contactless store payments and shopping and buying online from local providers who offer home delivery or curbside pickup. These mobile solutions were available prior to COVID-19, but the pandemic further highlighted their value. Using a mobile app or website to order food from a local provider grew from 36% to 56% during...

Interest in Investing Emerges as a Lasting Pandemic Legacy

2021-05-28  |  consumers investing 

... nding on essential goods and services—including housing, groceries, routine transportation, medical, education, and health care—totaled 55% of household budgets in Q1, up +5.3 ppts compared to the previous quarter's atypical pattern. One exception to this cutting back was on savings and investments, which accounted for 9% of budgets in Q1, up +1 ppt from Q4 2020 and +2 ppts year over year. Source: The Conference Board...

Majority of Employees Would Leave Job Without Workplace Flexibility

2021-05-12 12:00:05  |  employment workplace 

... ogy, 67% would like to travel for business moderately to extensively after the COVID-19 pandemic, an increase from 49% in the previous survey, which was conducted in 2020. Roselyn Feinsod, Principal, People Advisory Services, Ernst & Young LLC, says: "Organizational culture has historically been built based on shared in-person experiences and it is fascinating to see that the new ways of working have improved such culture in the eyes of many employees. As we look toward the longer-term and organizations continue to transform their operations, employers will need to consistently re-...

Majority of Americans Report Pandemic Personality Changes

2021-05-10 12:00:01  |  pandemic 

... ar attire for Zoom calls for work (38 percent), while 14 percent of Americans say they've been partially naked on a work Zoom call. Four in ten respondents (43 percent) did not miss the commute to work, business travel (31 percent), or getting dressed or groomed professionally (30 percent). The most popular services or habits formed during the pandemic included: Delivery (51 percent) Increased spending on groceries instead of restaurants (48 percent) Contactless / cashless payments (46 percent) Curbside pickup (44 percent) Virtual doctor appointments (40 percent) 40 percent ...

Top U.S. Metros For Digital Nomads

2021-04-28 12:00:10  |  workplace 

...  also offers digital nomads a bustling international food scene featuring authentic cuisine from India, Ethiopia, Vietnam, and beyond. And it doesn't hurt having the beach only a short drive away. San Jose is the most expensive metro on this list, but also features the third-highest inventory levels for rental units offering lease terms less than one year. 7. Fort Collins, Colorado Typical rental rates: $1,795 per month Situated beside the Cache la Poudre River at the base of the Rocky Mountains, Fort Collins boasts a fantastic array of craft breweries, a vibrant biking culture, and ...

Venmo Rolls Out Crypto

2021-04-20 12:00:05  |  payments technology 

... and hold cryptocurrency. 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....

Millennials Already Planning For Retirement

2021-04-19 12:00:10  |  millennials retirement 

...  far more likely to prioritize enhancements to their advisor's website or client portal (19%) than Gen-Xers (7%) or Boomers (3%). Multi-generational teams, including younger advisors, was another influential factor to work with a financial advisor for more Millennials (17%) than Gen-Xers (11%) or Boomers (2%). Likewise, Millennials were more likely to cite additional strategies for charitable giving (16%) than Gen-Xers (7%) and much more likely Boomers (3%), suggesting that this generation cares deeply about where their money goes. Not surprisingly, reducing fees for younger clients was influ...

COVID-19 Reshaping Media Landscape

2021-04-19 12:00:00  |  demographics media 

... onsumers to 'dance' between services introducing frustrations as they try to manage multiple subscriptions and keep track of their favorite content. Media and entertainment companies with a deeper understanding of customer concerns about content, cost and ad-tolerance across all entertainment options and generations, can cultivate long-term relationships and reduce churn." Generation Z prefers gaming and music Generation Z has strikingly different entertainment preferences, often seeking video games and music over watching TV and movies — unlike older consumers who are "video first." As ear...

Say Goodbye To Money Management By And For Men

2021-04-14 12:01:00  |  demographics investing 

... source: McKinsey & Company) and ESG funds, which consider environmental, social and governmental factors, will experience a threefold jump in assets by 2025 (source: PwC). Broader cultural shifts, technology and changing societal norms are driving further transformation, resulting in a category primed for change. "2021 is a year of mass reinvention, and finance is no exception. The pandemic has put money matters center stage for households, industries and institutions. With this report, we're reimagining finance not as a standalone category—but as the foundation of our economic, social, a...

Global Consumer Confidence Hits Record High

2021-04-14  |  consumers global 

... ed to trend downward for many economies. General concerns about the economy ebbed as most governments in the region passed generous fiscal relief packages. Africa & The Middle East (A&ME): Consumer confidence in the region dipped slightly in the first quarter of 2021 from the final quarter of 2020, making it one of two regions, along with North America, to see a retreat in overall outlook. There was a significant range of sentiment among countries in the region, with scores ranging from Morocco on one end (70) to Saudi Arabia (125) at the other. The split may relate to exposure ...

Bullish Sentiment Hits Pre-Pandemic Levels

2021-04-13 12:00:01  |  investing pandemic 

... ...

Fidelity Partners On Launch Of Crypto Council For Innovation

2021-04-07  |  crypto fintech 

... digm and one of the organizers of CCI. "This work will require sharing insights and analysis about crypto, while correcting the misperceptions that inevitably accompany a transformative new technology. By educating leaders about crypto, we can help empower them to participate in the crypto ecosystem for the benefit of their citizens, communities, and families." CCI will find areas of alignment and drive consensus on the crypto industry’s policy priorities, and it will convene the industry’s top leaders to educate policymakers and the global public on issues relevant to those priorities....

Pandemic Changes How We View Home

2021-04-07  |  pandemic housing 

... g reimagined, the most popular projects homeowners plan to spend money on in 2021 include kitchen remodels (38%), outdoor improvements (35%), bathrooms remodels (32%) and home repair/technology upgrades (30%). There are many reasons why space utilization has become so important. The LightStream survey uncovered that more than one-in-ten (12%) U.S. homeowners say the number of children or adults in their home has increased during the pandemic due to COVID-19 safety (35%), health reasons (20%) or other changes. As a result, over half (56%) of those newly-expanded households have renovatio...

Sun Belt Tops Moving Destinations

2021-04-06  |  housing 

... to family or friends or living in an area they've always dreamed of.3 New flexibility to telework has opened up those opportunities for many, and new real estate technology, like Zillow's 3D home tours and interactive floor plans, has enabled movers to get an immersive experience of a home from hundreds or thousands of miles away, offering added confidence for buyers shopping remotely. The Sun Belt tops moving destinations Phoenix, Charlotte, N.C., and Austin, Texas, saw the highest net inbound moves in the first 11 months of 2020, as recent movers sought out relative affordability and w...

Gen Z Lacks Knowledge and Confidence in Personal Finance

2021-04-01 16:00:00  |  demographics investing 

... llected by Greenlight through a ResearchScape survey fielded between February 26 and March 2, 2021, among 1,029 respondents in the U.S. ages 13-20. Source: Greenlight Financial Technology, Inc....

Pelotons and Penny-Pinching

2021-03-31 14:00:00  |  pandemic spending 

... ey connected exercise bikes. In fact, digital convenience is the third key driver of consumer behavior, with the crisis-fueled all-digital lifestyle heightening expectations for what technology should deliver. "For American consumers, COVID-19 has accelerated pre-existing trends and crystallized new preferences and priorities," said Denise Dahlhoff, Senior Researcher, Consumer Research at The Conference Board. "The three trends promoted by the pandemic—digitally enabled convenience, frugality, and health and wellness—will continue to drive consumers' behavior as the pandemic subsides. ...

89% of People Expect Their Jobs to Be Partly Remote After Pandemic Ends

2021-03-31 12:00:00  |  workplace 

... Group (BCG)...

2021 Will Be The Year Of Camping

2021-03-30 15:00:18  |  pandemic recreation 

... e times. Companies like CampgroundViews.com are bringing a new generation of technology to help campers enjoy their trips."The timing is perfect as we release campground virtual tours and allow campers to see the roads and sites while being able to click and book specific campsites," added Mr. Koep.Survey Data: 2,677 surveyed POLL: Our advanced reservations are ____________________? 381 responses Up 50% - 40% Up 30% - 16% Up over 80% - 13% Up over 90% - 11% Normal - 7% Up 70% - 4% Way below normal - 4% Below normal - 2% Up 10% - 2% Source: CampgroundViews.com...

Are Neighborhoods The New Workplace Normal?

2021-03-30  |  workplace employment 

... l future of finance here: Digital Future of Finance CFOs and finance leaders can participate in Gartner research and get complementary access by joining the Gartner Research Circle. Source: Gartner...

Hybrid Work - The Next Great Disruption

2021-03-22 09:08:19  |  workplace 

... building social capital and culture. Rethink the employee experience to compete for the best and most diverse talent "During this pandemic we've observed a swift acceleration of certain pre-COVID trends. But perhaps one of the most exciting trends is this rise in remote work," said Karin Kimbrough, chief economist, LinkedIn. "As opportunity is democratized with remote work and talent movement, we'll see a spread of skills across the country, and this is the time for business leaders to take the opportunity to access different skills and talent not previously available to them." Sou...

62% Have Apprehensions About Life "Returning To Normal" Post COVID-19 Pandemic

2021-03-19 12:00:00  |  consumers pandemic 

... sits are as good as "in-person" doctor office visits; a 14% increase in confidence since March 2020. 69% think you should be able to text your doctor directly; essentially unchanged from March 2020. 85% think that different areas of the country are less concerned about COVID-19 42% say the southeast is the least concerned about COVID-19 GETTING VACCINATED14% of those surveyed have already been vaccinated. 21% have or know someone who has received the COVID-19 vaccine and still got COVID-19. However, that's still not deterring the more than two-thirds who plan on getting the COVID-19 vac...

Nearly 4 in 10 Americans Are Mooching Off Someone Else's Streaming Account

2021-03-12 14:00:00  |  technology 

... -probability-based sample, and quotas were used to ensure the sample base represented the overall population. All responses were reviewed by researchers for quality control. Source: LendingTree.com...

Americans Put Themselves at Risk by Using the Same Account Password Multiple Times

2021-03-12  |  technology 

... sumers take too many chances with their accounts. Employers need more security training on the basics of password choice and the technologies available to protect accounts better. SOURCE ScoreSense...

Survey Reveals Long-Term Adoption of New Technology

2021-03-11  |  pandemic technology 

... ...

Use Of Digital Banking And Fintech Apps On The Rise

2021-03-10  |  pandemic fintech 

... ed in January. To view best practices on how to stay safe while banking online or using financial technology, visit https://www.welivesecurity.com/2020/06/12/fbi-warns-scam-apps-move-to-mobile-banking/. Source: ESET...

Mass Affluent Investors Link Over $1 Trillion in Assets On Personal Capital

2021-03-09 08:11:04  |  technology investing 

... ew assets under management for the year of 2020, and now serves over 26,000 wealth management clients. Source: Personal Capital...

Technology is Crucial in Financial Advisor Relationship

2021-03-09  |  technology 

... and help them achieve their financial goals," LaQuinta said. "As clients' and investors' expectations change, technology will play an important role in supporting the evolving health, family, purpose and financial needs – helping them feel informed, understood, secure and in control about their future." In 2020, Edward Jones announced a $500 million, multi-year investment into its digital transformation and the roll-out of new financial advisor tools to work with clients and prospective clients. The firm also ranked No. 5 in KPMG's U.S. customer experience excellent report. Source: Ed...

Will Real Estate Commissions Fall?

2021-02-25  |  housing 

... ...

Consumers Split On Proactive Advice From Their Financial Institutions

2021-02-23 15:00:00  |  advice banking 

... rvices 66% of Futurists agree personalized proactive services are an important feature for their primary bank to offer 4) Customers are willing to share personal data in exchange for personalized proactive services. 61% of consumers are motivated to let go of their reservations around privacy and security in exchange for managing their individual spending budget and getting online individual advice to save money. For example, customers said they would: 41% share online retail purchases 37% share geo location details 36% share airline programs information 36% share...

Young Americans Prefer A Hybrid Digital and Human Banking Experience

2021-02-23  |  pandemic banking 

... om the pandemic, it is understandable that younger Americans are seeking guidance from trusted financial advisors to help them navigate uncharted waters, in addition to technology-enabled services that allow them to bank on their own terms. The future of banking includes both digital tools and human expertise."Digital banking proved to be powerful for helping Americans weather turbulent economic times—35% of Americans report that digital banking tools make them feel more financially resilient during the pandemic. Despite significant economic hardships faced by many over the past year, A...

eMoney Rolls Out Financial Planning App

2021-01-15  |  financial planning apps advice 

... to deliver a financial plan to every participant, not just the wealthiest 1% of Americans. It combines great technology that engages the user, motivates them to add additional information, and provides direct access to one of our professional advisors when they desire.” The launch of Incentive comes at a time where Americans’ finances have been crowned the biggest stressor of 2020 amid the COVID-19 pandemic, according to a recent survey carried out by eMoney. When asked what caused people the most stress, 40% of U.S. adults said their finances, followed by work (33%) and relationship...

Walgreens Expands Financial Services Offerings

2021-01-13 08:00:00  |  healthcare payments 

... and Synchrony to further connect their customers to the digital economy and enhance the consumer health and pharmacy experience through our differentiated technology and established role in healthcare.” The new Walgreens credit cards are slated to be available in the second half of this year. Source: Walgreens...

Contactless Payments Are Here to Stay

2021-01-12 11:01:00  |  payments 

... the study, by the end of 2020, 82% of SMBs surveyed had embraced new forms of digital technology to meet changing consumer behaviors. Looking ahead to 2021, SMBs are assessing what other payment technologies are critical to meeting today’s consumer expectations, with results led by security and fraud management software (47%), contactless or mobile payment acceptance (44%), accepting payments via mobile device (41%), installments or ‘buy now, pay later’ (36%) and digital backend payment operations (31%). “With greater hindsight into 2020, we can clearly see that the digital payment ...

Walmart Creates New Fintech Startup

2021-01-11 15:00:00  |  fintech 

... ndate is to invest in the best entrepreneurs and businesses disrupting financial services. Its current portfolio includes no-fee mobile investment platform Robinhood; consumer technology platform Credit Karma; and Affirm, which provides innovative payment options for customers. Walmart will continue to serve customers through its existing financial services and partnerships with a number of third parties, including Walmart Credit Card, Walmart Money Card, check cashing, money transfers, installment financing and more. Source: Walmart...

Millennials Rush to Refinance as Interest Rates Hit Record Lows

2021-01-06  |  housing mortgages millennials 

... the average interest rate on all 30-year loans dipped for the eighth consecutive month down to 2.97% – the lowest point since Ellie Mae began tracking the data in January 2016. Source: Ellie Mae...

Home Prices Up 14%, Pending Sales Rise 34%

2020-12-29  |  housing real estate 

... . Pending home sales were up 34% year over year. In the single week ending December 20, pending sales were up 30% from the same week a year earlier. New listings of homes for sale were up 12% from a year earlier. Active listings (the number of homes listed for sale at any point during the period) fell 31% from 2019 to a new all-time low. 39% of homes that went under contract had an accepted offer within the first two weeks on the market, well above the 26% rate during the same period a year ago. The average sale-to-list price ratio, which measures how close homes are selling to thei...

Zillow Predicts Stronger Housing Market Across the Board in 2021

2020-12-28  |  housing 

... ocess. Renters are also expected to use pandemic-accelerated technology to search, find, apply for, and lease a home all digitally in a safer, easier, end-to-end online transaction. Nearly half (46%) of renters agree that they wish more listings offered virtual toursii -- since March, multifamily rental listings with a Zillow 3D Home tour have attracted 18% more visitors than those without on Zillowiii -- and 46% of renters surveyed would prefer to sign a lease onlineii. A Zillow survey finds a vast majority of Zillow Premier Agents (72%) expect to continue using these virtual tools af...

November Was the Best Month to Buy a Home in 2020

2020-12-20  |  housing mortgages 

... ble month to buy a home in 2020, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. The median monthly mortgage payment nationwide reached a low of $1,094 in November, down from a peak of $1,163 in February, the month before 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 highes...

Lemonade Launches Renters Insurance in France

2020-12-08  |  insurance europe fintech insurtech 

... , 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 technology will stand out to the French consumer, offering the ability to get fast, personalized, and mission-driven insurance, with a few taps.” The Lemonade product in France is crafted specifically with the French customer in mind, but will also embody what’s loved by Lemonade’s consumers elsewhere: a simple and delightful experience powered by artificial intelligence, instant claims, and the ability to support loca...


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