FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

Consumers Expect Innovation to Come From Banks, Not Fintechs, Not Even Facebook

Diana AsatryanbyDiana Asatryan
May 19, 2017
in Archive
Reading Time: 1 min read
0
Share on Facebook

Despite all the shiny fintechs out there, consumers still expect innovation in financial services to come directly from banks.

Almost half of the consumers –49% of women, and 45% of men– said they are most excited to see new financial product launches at banks, according to a study released yesterday by EY. All other alternatives , including internet-only banks, online retailers, technology companies, and social media– just 1% for both genders– came in quite far behind.

The report surveyed 1,969 men and 2,053 women on banking preferences and financial behaviors. From the study:

Women did have a stronger preference rate for branch bank players, by four percentage points. And although the overall preference rate was much lower for non-traditional bank players, men were slightly more likely to have interest in offerings from non-traditional players than women.

[Overall] women and men are more alike than different when it comes to how they engage in banking and payments usage. Channel usage preferences stood out, with more women using mobile/digital channels, while men tended to use branches at slightly higher rates.

The full study is available here.

Tags: EY
Previous Post

Would You Like to Set Google As Your Default Financial Institution?

Next Post

Blockchain Won’t Kill the Banks (Banks Say)

Related Posts

(Courtesy/Bank Automation News)
Archive

Lama AI wins fintech demo challenge at BAS

March 4, 2025
Courtesy/Grasshopper Bank
Archive

Grasshopper Director of Engineering & Platforms Andrew Braun to speak at Bank Automation Summit 2025

February 12, 2025
Courtesy/Canva
Archive

Q&A with LemonadeLXP CEO John Findlay on AI-driven knowledge management, training

January 9, 2025
Next Post

Blockchain Won’t Kill the Banks (Banks Say)

Please login to join discussion

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

FinAi Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

Connect

twitter linkedin podcast podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account