What you need to know

The vast majority of consumers have some sort of financial account. Mobile device ownership is near ubiquitous as well and consumers are open to new financial technology. They struggle to predict the future of fintech but are willing to use new tools once exposed to them.

Definition

“Fintech” is a term that refers to companies or software that are used to support or enable banking and other financial services. This Report focuses on new financial technologies to evaluate how consumers are responding to the influx of technology into their typical financial transactions and their relationships with financial services providers.

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