More US adults are moving their accounts to digital-only banks and non-bank institutions, such as PayPal, according to a survey by Accenture. The mass affluent and millennials are contributing to the shift, which has seen the share of those who left banks and headed to non-traditional providers in 2012 reach 35%, up from 32% a year ago and 16% in the last year.
More US adults are moving their accounts to digital-only banks and non-bank institutions, such as PayPal, according to a survey by Accenture. The mass affluent and millennials are contributing to the shift, which has seen the share of those who left banks and headed to non-traditional providers in the last year reach 35%, up from 32% a year ago and 16% in 2012.