Survey says millennials trust Amazon and PayPal more than banks with personal data.
Global Banking News-June 1, 2018--Survey says millennials trust Amazon and PayPal more than banks with personal data
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Global Banking News - 01 June 2018
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A survey in Britain has found that a majority of 18-24-year-olds trust Amazon and PayPal more than banks when it comes to protecting their personal data.
Business intelligence group RFI surveyed about 2,000 people across the UK to come to the conclusions. MasterCard (NYSE: MA) and Visa (NYSE: V) also ranked above banks.
Serious IT problems at banks in recent times have eroded their credibility. The survey was conducted in the wake of the Cambridge Analytica scandal.
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