Gen Z thinks banks are sus, but biometrics could help, says a new report

Young people want their banks to be more secure, and many do not trust their financial institutions to provide the highest level of security, according to new research from PMYNTS and Entersekt. Biometrics are increasingly seen as part of the solution.

The joint publication, entitled “Consumer Authentication Preferences for Online Banking and Transactions”, is based on a fall 2022 survey of 2,584 people in the U.S. It shows that, while the majority of people believe their financial institutions …

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