After the crisis, a new generation puts its trust in tech over traditional banks

September 14, 2018

  • Fintech has made some of the biggest inroads in areas big banks have shunned since the financial crisis.

  • Lack of trust in established companies made space for start-ups that are often leaner, thanks to use of technology.

  • Money has followed the fintech fascination — the amount of venture capital funding in fintech hit $7.5 billion, and cryptocurrency fundraising has brought in $12 billion this year alone.

  • "The younger generation will gravitate toward brands that provide the best user experience, the best value, and ultimately, can help them reach their financial goals," says JMP Securities' Devin Ryan.