Move over Gen Z, OAPs the new flag-wavers for challenger banks
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24 May 2022
Revolut, Starling and Tandem have all released data showing many senior citizens are signing up to their accounts, with experts saying they are tech and financially savvy with children and grandchildren also educating them about fintech.
Kieran Hines, an analyst at Celent, which provides tech advice to financial intuitions, told AltFi he had not seen specific data showing older generations increasingly using challenger banks but he “can certainly believe it”. “There are a lot of people in that age bracket that are highly sophisticated in terms of technology, but also have families, wealth and travel a lot," he said.
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