As neo banks (or digital banking) continue to blossom and traditional banking clings to hang on, what do consumers really prefer today? Both models have their pros and cons, likes and dislikes, concerns and benefits; so we had to find out.
To discover these models' current status, we invited Finder's Assistant Publisher Ryan Brinks on the show to share their latest study results on: "Digital vs. Traditional Banking: What Do Americans Prefer?" Here's what we asked him:
There's a lot more in our conversation with Ryan, so check it out and let us know your thoughts. Oh, and here's another finding from the study:
Over 1 in 10, or 12.8% (an estimated 11.4 million) of Baby Boomers surveyed have a neo bank account or plan to open one. Of these digitally savvy Baby Boomers, over half or 6.4 million believe it's more convenient than traditional banks.
Mike Lawson, Host
Married to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.