How millennials are changing the finance world

Gen Y are banking in ways never seen before, so it’s time to adapt — or face extinction.

Not that long ago, personal finance was controlled by what banks offered — and those choices were limited. Now a range of forces like peer-to-peer lending, access to cheap and frequent travel, and technology — particularly the ubiquitous mobile phone — have changed how people access their assets and what the expect out of banking services.

So, with the help of Javelin Strategy and Research, we’ve researched the current trends of Gen Y banking. Check out our results in the infographic below.

Gen Y financial industry infographic

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