Based on a survey carried out in 2021, it appeared that fintech companies were more highly trusted financial institutions then banks by respondents aged between 18 and 24. Trust in the fintech sector then showed a gradual decrease among the older age groups, while trust in banks increased slightly. Among the respondents aged above 65, banks were more highly trusted than fintech companies.
Trust in fintech brands vs other financial services providers in the United States in 2021, by age group
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EY. (June 11, 2021). Trust in fintech brands vs other financial services providers in the United States in 2021, by age group [Graph]. In Statista. Retrieved May 13, 2024, from https://www.statista.com/statistics/1312809/trust-in-fintech-sector-united-states/
EY. "Trust in fintech brands vs other financial services providers in the United States in 2021, by age group." Chart. June 11, 2021. Statista. Accessed May 13, 2024. https://www.statista.com/statistics/1312809/trust-in-fintech-sector-united-states/
EY. (2021). Trust in fintech brands vs other financial services providers in the United States in 2021, by age group. Statista. Statista Inc.. Accessed: May 13, 2024. https://www.statista.com/statistics/1312809/trust-in-fintech-sector-united-states/
EY. "Trust in Fintech Brands Vs Other Financial Services Providers in The United States in 2021, by Age Group." Statista, Statista Inc., 11 Jun 2021, https://www.statista.com/statistics/1312809/trust-in-fintech-sector-united-states/
EY, Trust in fintech brands vs other financial services providers in the United States in 2021, by age group Statista, https://www.statista.com/statistics/1312809/trust-in-fintech-sector-united-states/ (last visited May 13, 2024)
Trust in fintech brands vs other financial services providers in the United States in 2021, by age group [Graph], EY, June 11, 2021. [Online]. Available: https://www.statista.com/statistics/1312809/trust-in-fintech-sector-united-states/