Have people started saying their goodbyes to the old-fashioned brick-and-mortar banks to clickety-click their way into financial freedom? GenZ surely has. Convenience blended with technology with a tad-bit personalisation definitely drives GenZ in today's financial landscape, which is exactly what neobanks are determined to provide with. Traditional banks have built consumer trust over the years and continue to outshine based on the critical elements of security and familiarity. Given the zero legacy baggage and endless technological possibilities, emerging innovative solutions like neobanks do not seem far away from transitioning into a new normal.
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