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Financial Trends - Banking Exchange
Even satisfied customers are using financial services from various providers
New report found 70% of Americans feel renting could impact their current and long-term finances
Nearly a quarter of couples cannot agree on how much money to save for retirement
As fintechs continue to deliver real-time, 24/7 banking services, legacy banks risk being left behind
Consumers are growing to expect the same responsiveness, availability, and reliability from banks as they do from eCommerce sites
Recent developments in the technology are seeing a growth in investment in AI
Over 76% of consumers expect their finances to improve or remain unchanged over the next 12 months
Double the percentage of plan participants increased their contribution rate
Earned wage access programs allow workers to take some of their future paychecks in advance
The British government has pushed off the decision to go forward with a digital pound until at least 2025
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