PUBLISHER’S PAGE Career Communications Group’s
More consumers in the U.S. use a fintech banking platform
For Today’s Career Women In Technology & Business
A
recent McKinsey & Company report reveals that the pandemic has impacted how decision-makers use fintech. Among the highlights in the “How US customers’ attitudes to fintech are shifting during the pandemic” survey, we find that all fintech types—payment, investments, lending, and overall banking—have grown since the crisis began. The survey also found that older generations appear to turn to fintech as point solutions, while younger generations use multiple fintech accounts to approximate a more traditional banking relationship. Gen Z is the most frequent multi-account user of fintech, with 29 percent (or over half of Gen Z fintech users overall) using more than one account. Gen Z saw an increase of 14 percentage points of new users (or a 27 percent increase), and millennials saw a rise of 8 percentage points (or a 17 percent increase). The report said that a substantial number of baby boomers—26 percent—rely on at least one fintech account, contradicting the general perception that digital tools are exclusively for younger people. With more than 24 percent of consumers using a financial technology banking platform, Women of Color magazine brings you a cross-section of top performers in fintech who are helping to spread the benefits of digital transformation, improving the digital experience, making digital accounts easier to use, and leading financial technology companies in a digital economy.
VOLUME 21 | NUMBER 1 EXECUTIVE OFFICE Tyrone D. Taborn, CEO and Chief Content Officer Jean Hamilton, President and CFO Alex Venetta, Associate Publisher, Manager of Partner Services Eric Price, Vice President, Recruitment and Professional Training EDITORIAL AND CONTRIBUTING EDITORS
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GRAPHIC DESIGN
Beverly Wladkowski, Art Director Bryan Davis, Digital Director Rachael DeVore, Digital Channel Manager Courtney Taborn, Digital Marketing Manager
CORPORATE AND Dr. Gwendolyn Boyd, CCG Alumni Committee ALUMNI RELATIONS Chair and President Dr. Eugene DeLoatch, Chairman, BEYA Alumni Group Vice Admiral Walter J. Davis, USN (Ret) National Chair, BEYA Military Alumni Oliver “Bo” Leslie, Retired Program Manager, Historically Black Colleges and Universities/ Minority Institutions, The Boeing Company Monica E. Emerson, Women of Color STEM Conference National Chair Matt Bowman, CCG Military Program Manager Stars and Stripes Committee Executive Director/ Chief of Staff for VADM Walt Davis, USN (Ret.) Ty Taborn, Esq., Corporate Counsel SALES AND MARKETING Gwendolyn Bethea, Vice President, Corporate Development Kameron Nelson, Account Executive Katrina Shaw, Sales Support Assistant Jay Albritton, Social Media Specialist JOBMATCH AND STUDENT Ashley Turner, University and Professional DEVELOPMENT PROGRAMS Relations Development Manager Rod Carter, Recruitment Specialist, College Relations Shelia Richburg, College Coordinator CONFERENCE AND EVENTS
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Women of Color (ISSN 1937-0555) is a publication for today’s career women in business and technology. Women of Color magazine invites letters to the editor about any topics important to our readership. Article queries and letters should be sent to: CCG – Women of Color magazine, Editorial Department, 729 E. Pratt St., Suite 504, Baltimore, MD 21202. No manuscript will be returned unless accompanied by a stamped, self-addressed envelope. Women of Color magazine cannot be responsible for unsolicited art or editorial material. Subscriptions are $13/year. Please write to: CCG – Women of Color magazine, Subscriptions, 729 E. Pratt St., Suite 504, Baltimore, MD 21202. Copyright © 2021 by Career Communications Group Inc. All rights reserved. Printed in the U.S.A.
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WOMENOFCOLOR | SPRING 2021
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