December 18, 2017 06:45
What are the 25-34 year olds (48 %), followed closely by the 35-44 year-olds, who make the most use of the fintechs, reveals EY in its index FinTech Adoption Index.
Moreover, the 25-44 year olds are the least likely to say they prefer to use the services of traditional financial institutions to pay the costs of fintechs. This observation is the fact that they have not developed strong relations with suppliers.
On the other hand, the consulting firm says that consumers aged 45 years or more have developed long-standing relationships with the financial institutions with which they have done business before the arrival of the fintechs. For these age groups, the preference for traditional providers, a lack of need and the fact that they did not see an advantage to the use of the services of fintechs are significant barriers to these last.