{"id":13045,"date":"2019-06-18T11:59:59","date_gmt":"2019-06-18T11:59:59","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=13045"},"modified":"2019-06-18T11:59:59","modified_gmt":"2019-06-18T11:59:59","slug":"8-in-10-millennials-ready-to-switch-away-from-banks","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/8-in-10-millennials-ready-to-switch-away-from-banks\/","title":{"rendered":"8 in 10 millennials ready to switch away from banks"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">FinTech players and challenger banks are at the forefront of capturing the millennial market as 8 in 10 millennials now state that they are ready to switch from using banks to using the personalized financial services offered by the open banking era. In fact, FinTech players and challenger banks now account for 20% of the banking and payments market in Europe. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Interestingly though, the innovations that drive consumers toward a particular FinTech or challenger bank also could represent their ultimate undoing as someone else with an even more innovative solution enters the market. It will be important for their establishment and long-term survival to now work to create a customer-centric approach that leverages advanced technologies.<\/span><\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-13045 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='New open API to usher Malaysian FinTech into a new era'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/new-open-api-to-usher-malaysian-fintech-into-a-new-era\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/05\/new-open-api-to-usher-malaysian-fintech-into-a-new-era-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-12852\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12852'>\n\t\t\t\tNew open API to usher Malaysian FinTech into a new era\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='2.1 billion customers to use mobile wallets in 2019'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/2-1-billion-customers-to-use-mobile-wallets-in-2019\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/05\/payment-background-design_1212-511-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-9533\" loading=\"lazy\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/05\/payment-background-design_1212-511-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/05\/payment-background-design_1212-511-300x300.jpg 300w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/05\/payment-background-design_1212-511.jpg 626w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-9533'>\n\t\t\t\t2.1 billion customers to use mobile wallets in 2019\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Balancing PSD2 with GDPR'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/balancing-psd2-with-gdpr\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/06\/balancing-psd2-with-gdpr-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-13112\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-13112'>\n\t\t\t\tBalancing PSD2 with GDPR\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>FinTech players and challenger banks are at the forefront of capturing the millennial market as 8 in 10 millennials now state that they are ready to switch from using banks to using the personalized financial services offered by the open banking era. In fact, FinTech players and challenger banks now account for 20% of the &hellip;<\/p>\n","protected":false},"author":5,"featured_media":13068,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[287,70,335],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13045"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=13045"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13045\/revisions"}],"predecessor-version":[{"id":13046,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13045\/revisions\/13046"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/13068"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=13045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=13045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=13045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}