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A three-year study from Scratch, an in-house unit of Viacom, found that a third of millennials believed they won't need a bank in the future. These millennials, defined as those between ages 18 to 33, also ranked the top four banks in the "ten least loved brands" and would rather go to the dentist than to their bank.Is this surprising?

This segment of the population has grown up in an era that saw trust in banking erode due to the financial crisis and a near stagnant economy. This is also a period when new technology has enabled firms like Simple, Moven, Square and PayPal to be more relevant with a generation that would rather handle finances on their phone than in a branch.

Here are some of the findings from the Millennial Disruption Index:

We live in the world where online shopping has become a new way for us to purchase items from electronics to books, travel coupons to cookware and clothes to beauty products. Online shopping has basically changed the way we live and has made life much simpler and convenient. It is a fact that most of the internet users have made at least one online purchase and this is enough to stress on the popularity of this phenomenon...