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Fintech

Fintech

More than 2 billion adults are excluded from the formal financial system, according to the Universal Financial Access 2020 report by the World Bank.

The challenge is to ensure that by 2020 adults around the world will have access to a checking account or an electronic service to save their money and send and receive payments. This goal is behind the boom in financial inclusion strategies, which are increasingly making use of technology and the services provided by the so-called technological finance (fintech).

The number of customers who communicate with banks via digital channels goes up every day. Digital transformation is the goal and main challenge faced by large companies; it affects all enterprise areas.

Numerous publications have attempted to find out what defines the millennials –the new generation of young people who not only have different values and tastes from their elders, but who are also pioneers in adapting new technologies, and whose uses and customs tend to be copied by older generations. BBVA has conducted a study to find out what they are like and what they really want out of life. It reveals that not only are there are a large number of different types of millennials, but that their preferences vary depending on their country of origin.