How Subscription Models Can Attract Millennials to the Financial Services Industry
Subscription models provide an opportunity for the financial services industry to attract Millennials.
The Corporate Insight Blog tracks the latest digital trends, news, and insights across financial services with a focus on the digital and mobile user experience.
Subscription models provide an opportunity for the financial services industry to attract Millennials.
Corporate Insight recently attended a Millennials & Modern Insurance Event co-hosted by Cake & Arrow and Coverager. The two firms authored a research paper titled Millennials & Modern Insurance: Changing the Way Millennials Think about Insurance and presented their findings at an intimate venue complete with avocado toast. Here are some key takeaways from two […]
Lessons from History Women have long faced legal and societal barriers to participation in the investing sphere but have often found creative ways to overcome them. For example, in the 18th and 19th centuries, British-American common law prevented married women from owning property in their own names, but many women circumvented this by obtaining credit […]
The mobile channel has become a strategic priority for financial services firms looking to attract and retain younger clients. Nearly all large and mid-sized financial intuitions allocate sizeable budgets devoted to improving their mobile properties, focusing on mobile app enhancements. In 2018, Corporate Insight’s Mobile Monitor service saw banks, card providers, brokerages and asset management […]
With the August 29 launch of You Invest, J.P. Morgan Chase tries its hand at self-directing trading services, joining the ranks of Wells Fargo Advisors and Merrill Edge. You Invest provides free or discounted trading with an initial $0 account minimum. The firm is attempting to draw more assets by targeting passive investors, Millennials and […]
In August 2018, Corporate Insight conducted the financial services industry’s first in-depth survey of digital advice customers and prospects. The survey helped create complex profiles of digital advice customers, uncovering their expectations, behaviors, preferences and satisfaction rates with their robo provider’s technology and overall service. In September 2018, Corporate Insight’s Digital Advice Monitor analyzed the […]
Motor vehicle crashes are the leading cause of death among 15- to 20-year-olds in America. New teen drivers are three times as likely as adults to be involved in a deadly car accident, particularly during the summer months—when the average number of deadly teen driver crashes increases by 15%. Insurers occupy an ideal position to […]
It’s official: Acorns entered the $28.21 trillion retirement market with Acorns Later, which offers Roth, traditional and SEP IRA accounts under the Acorns investing model. The much-anticipated launch, which came at the end of April, follows Acorn’s acquisition of Portland-based retirement fintech firm Vault in November 2017. Acorns Later follows the formula of a standard […]
It is no secret that Millennials are rejecting the typical banking and brokerage experience. Following the financial crash, people of all ages have struggled to regain trust in financial institutions. As such, individuals are turning to fintech startups and online banking platforms, as relationship-based experiences are decreasing in popularity. A recent Scratch survey found that […]
In recent months, numerous industry experts have voiced the opinion that stock market returns will continue to fall, not only over the short term but consistently over the coming decades. This has significant implications for millennials, many of whom are already struggling to save adequately for retirement in the face of more immediate financial concerns […]