Are Non-Financial Service Companies The Way Of The Future Of Banking & Finances?

The Y generation: 80 million people raised in a world of technology. In a survey conducted by Accenture (2014 Digital Banking Consumer Survey), 71% of 4,000 participants indicated that banking with a company that is non-traditional (Amazon, Square, Apple, etc.) is something they would consider. Of those, 27% said that a branchless digital bank is something they would be inclined to look into. These numbers clearly illustrate how quickly physical banks could become a thing of the past. The youth of today are accustomed to PayPal, Google, and other similar platforms where they have immediate access and real time experiences. They not only enjoy this way of living, but expect it.

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