{"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='Financial Regulators Need to Rein In Big Tech'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/financial-regulators-need-to-rein-in-big-tech\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/08\/8c0518a5-d34f-bf88-1ccf-4e9fa78caf161-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-16219\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16219'>\n\t\t\t\tFinancial Regulators Need to Rein In Big Tech\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Video: the state of artificial intelligence in banking'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/video-the-state-of-artificial-intelligence-in-banking\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/11\/5f4f9b0f-fdfc-4eee-917f-352a2cccef811-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-15501\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15501'>\n\t\t\t\tVideo: the state of artificial intelligence in banking\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Unibank receives PCI Data Security Standard certificate'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/unibank-receives-pci-data-security-standard-certificate\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/Unibank-receives-PCI-Data-Security-Standard-certificate-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-6904\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/Unibank-receives-PCI-Data-Security-Standard-certificate-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/Unibank-receives-PCI-Data-Security-Standard-certificate-100x100.jpg 100w\" sizes=\"auto, (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-1-6904'>\n\t\t\t\tUnibank receives PCI Data Security Standard certificate\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],"class_list":["post-13045","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-fintech","category-international-fintech","tag-open-banking","tag-payments","tag-startups","b_post_type-the-fintech-world"],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13045","targetHints":{"allow":["GET"]}}],"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}]}}