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Gen Z Is Fueling A Massive Transformation In Banking

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With more than half of Gen Zers using digital wallets, banks are being forced to reevaluate how they cater to customers. Banking customers are continually moving toward convenience and technology to meet their banking needs. To remain competitive financial institutions are embracing fintech and adjusting to the needs of Generation Z. Digital-only "neobanks" are popping up featuring online-only banking options and no costly physical branches. Online mortgage lending is beginning to take a larger piece of the home-lending market than traditional lending locations. According to Business Insider, financial institutions across the board are investing heavily into blockchain technology.

Added on the 15/10/2020 17:54:37 - Copyright : Wochit

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