FinTech Magazine - May 2021 | Page 12

Did you know 58 % of Americans have less than $ 1k in personal savings .

THE BRIEF

“ What changed in 2020 , and continues to evolve today , is the needs of businesses serving these consumers ”

BY THE NUMBERS

FinTech community poll from Linkedin with 502 participants

With some bank branches closing down for good , what is your response ?

92 %

I prefer online banking
Anders la Cour CEO and Co-Founder , Banking Circle �
“ Physical money – notes , coins and checks – has outlived its usability ”

8 %

Branches are still superior
Vikrant Singh Tomar Founder and CTO , Fluent . ai �

78 %

$ 1bn +

$ 2.34trn

“ Open Finance is all about empowering customers ”

of all transactions in Romania are cash
Brex and Figure Technologies are the fastest fintechs to reach unicorn ($ 1bn + value ) status – approximately one year each
Revenue of the global banking industry in 2020
Jack Wilson Head of Policy and Regulatory Affairs , TrueLayer �
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Did you know 58 % of Americans have less than $ 1k in personal savings .

12 May 2021