New Generation of Participants in Financial Industry

As a sizable portion of global wealth and capital will be handed over to millennials in the next coming decades, studying the generational aspect of technology acceptance in financial market and the use of alternative modes of payment, investment and financing is gaining more significance. In light of the theory of generation which postulates the idea that understanding the mindset in each generation provides insight into upcoming issues confronting the economy, this chapter attempts to highlight the characteristics of new generation of participants in the financial market who are well-known for their tech-savviness and tendency to embrace digital transformations.