Millennials’ financial goals are not the same as previous generations, and their saving, spending, and investing behavior is heavily influenced by their debt. That could mean “almost all the products currently offered by banks are mostly irrelevant.” Traditional banks aren’t necessarily innovating to meet their needs, but mobile banking startups like Affirm, RobinHood, and Nimbl are rushing to find solutions that appeal to young consumers. (TechCrunch)
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