Hello Smart Money People
Welcome back to your Stat Box...a weekly round-up of what you’ve told us so far.
This week, we're highlighting a fast growing and evolving part of banking...mobile apps. In fact, 20% of all your current account reviews commented on mobile banking and focused on these three things: 1) Ease of logging in, 2) Ease of use, and 3) Functionality.
Your Snapshot: Mobile banking
- £1 billion of mobile and internet transactions are processed each day
- Approximately 15,000 banking related apps are downloaded each day, in the UK alone
- Many banks find their ability to innovate constrained by legacy (old) IT systems