Nearly Half of Social Media Users Trust Facebook Friends for Financial Advice (Infographic)

41 percent of survey respondents said they trust reviews or recommendations from friends and family more than traditional media.

For all the cynicism surrounding digital security, financial institutions have ranked among the most trusted online. Indeed, millennials and digital natives are particularly drawn to online and mobile banking, with the percentage of millennials relying on mobile banking apps expected to grow to 73 percent by 2019.