Too Long; Didn't Read
FinTech is revolutionizing financial services for the Millennial generation. Millennials are extremely receptive to banking with FinTech companies as only 28% would prefer to use a traditional bank, and only 13% don’t trust FinTechs. 68% of Millennials think that how we access money will change in the next 5 years, while 33% believe banks will cease to exist over the next five years. The average millennial spends about 18 hours a day on some kind of digital media, they believe in doing extensive research on products and prices, comparing value for money, and engaging social media friends to discuss their experiences with the products.