Brits Are Still Reluctant Users of Fintech Says New Study

A study of around 15,000 consumers in 15 different countries by Dutch bank ING found that the British are wary of using fintech innovations; 70% of Brits still go into a branch for banking services and 63% have never used fingerprint or voice recognition in their banking app; conversely, the study found that 69% think banks should deliver the latest technologies to their customer; the study’s author, Jessica Exton, an ING behavioral scientist, said, “Consumers indicate that they want banks and other financial institutions to stay in the lead by developing new ways to help them manage their money despite any reluctance to accept them immediately.” Source.

Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech.

LendIt Fintech conducts three conferences a year for the leading fintech markets of the USA, Europe, and Latin America. LendIt also provides cutting-edge content all year long via audio, video, and written channels.

Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.

Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments