Citi’s 2018 Mobile Banking Study released today shows that 31% of consumers use their mobile banking app the most, followed...
With bank earnings season upon us we have seen a continued growth among mobile users at some of the biggest banks; JPMorgan Chase saw active mobile customers jump 13 percent and Wells Fargo saw total active digital users jump 3 percent; mobile banking has become a priority for all banks as the focus has shifted from just offering mobile to increasing engagement on mobile. Source.
A 2019 survey by Cornerstone Advisors found that 44 percent of millennials banked with Bank of America, JPMorgan Chase and...
2019 was a banner year for mobile banking with finance apps accessed more than one trillion times and registrations growing...
Alkami’s white label technology has helped to provide mobile banking apps for credit unions and banks; they just raised a $70mn series D round led by General Atlantic, with participation from MissionOG, S3 Ventures and Argonaut Private Equity; the company has a SaaS model where they charge banks on the number of users per month; they plan to use the new infusion of capital to grow their sales and invest in innovation. Source.
According to Fidelity National Information Services (FIS) there was a 200 percent jump in new mobile banking registrations in early...
Most mobile banking providers cover the basics, but in areas like app-based money management, a few standouts are surrounded by also-rans.
Papaya, a mobile payment platform that reduces bill pay friction, announced raising a $50 million Series B funding round.
Many people around the world still lack access to formal financial services and a financial identity; using a smartphone as a means to provide a financial identity is the best place to start when it comes to financial inclusion; article discusses why financial identity matters and the idea of communication as a commodity using data from data scientists at Juvo. Source
There are lies, darned lies and statistics. This came to my mind when I saw a headline that 70% of the $1 trillion transacted by mobile telephones globally were taking place in Africa, according to the GSMA (Global System for Mobile Communications Association).