Are Digital Banks Struggling to Get Traction?

A recent article in Forbes shared a survey of US consumers that shed light on the traction of digital banks in the United States; the survey discovered that consumers aren’t flocking to digital banks as fast as many expected; only 3% of millennials have their primary checking account at a digital bank such as Chime, Simple or Moven; Peter Renton, co-founder of LendIt Fintech digs further into the data and his thoughts on what’s happening in the digital banking space. Source

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]