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The KeyBanc analyst’s fintech survey reveals a shift towards monetization in consumer fintech, with Robinhood, Intuit, and Block shining while PayPal struggles. Some key findings from the survey include:
- The consumer fintech category has entered an era of monetization and primacy.
- Robinhood, Intuit, and Block are well-positioned with highly engaging FinApps.
- PayPal is facing competition from other digital wallets that could impact its sentiment and fundamentals.
The survey also found that consumers prefer to use fewer, highly engaging FinApps in the future. Younger respondents showed greater adoption of FinApps, regardless of income level. The analyst has a positive view on Robinhood retirement offerings, Intuit’s TurboTax indicators, and Block’s Cash Card adoption. However, the analyst is negative on PayPal’s wallet share due to competition from other digital wallets.
