Contis research: High Street banks must partner with FinTechs

Published on: June 1, 2019
All news postsAll blog posts

As quoted from Fintech Magazine on 1st June 2019:

New research from fintech organisation Contis has stressed that high street banks must ‘innovate or die’.

The report found that 25% of UK consumers feel the traditional high street bank will be ‘dead’ within five years. Indeed, 40% of millennials either said that physical high street branches have either already had their day, or will disappear by 2025.

The report pointed to changing consumer expectations, in particular regarding technology, with 68% of consumers saying they want the same level of digital services from larger banks currently provided by challenger banks such as Monzo.

The research was done by Censuswide for Contis, and involved surveying 2,000 consumers. The report has been put together ahead of Money20/20 Europe, where Contis will exhibit.

https://www.fintechmagazine.com/fintech/contis-research-high-street-banks-must-partner-fintechs

News

Come and visit us at Money 2020 Europe!

We’re at Money 2020 in Amsterdam again this year which promises to be bigger and better than ever. It’s Europe’s biggest FinTech event and Contis will be attending for the second year running. We’re at Stand K10; see the map & floor plan below. We’ll be delighted...

read more

Come and visit us at Money 2020 Europe!

We’re at Money 2020 in Amsterdam again this year which promises to be bigger and better than ever. It’s Europe’s biggest FinTech event and Contis will be attending for the second year running. We’re at Stand K10; see the map & floor plan below. We’ll be delighted...

read more

Contis starts 2019 on a high

Contis, the award-winning banking, payments and processing services provider is on a turbocharged growth mission for 2019, launching a new brand design, new website and initiating a hiring push for the new year. Having recently moved to a new larger and inspiring...

read more

© Copyright Contis Group Ltd 2018. Registered in England and Wales number 06499022. Contis Financial Services Ltd is authorised by the Financial Conduct Authority to issue eMoney (Firm Reference Number: 900025) and is a Principal Member of Visa Europe.ber: 900025) and is a Principal Member of Visa Europe.

We are proud to have won some of the most prestigious awards in our industry.