Traditional banks have lost around 20% of their millennial clients in 2019, highlighting the disconnect between millennials and traditional banks, according to a new research report by Global Market Insights, Inc.
Millennials prefer to partner with banks that can relate to their needs and act as trusted advisors that can provide a meaningful, contextual, and personal engagement.
Millennial consumers are also prepared to work outside a traditional financial setup when they find that the experiences working with such companies are better.
Millennials are embracing contactless payments and care less about visiting brick & mortar branches or ATMs, driving the market demand for contactless POS terminals.
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
