Via Business Insider:
In a new report from BI Intelligence, we examine mobile banking's growth spurt, analyze consumer adoption behavior and barriors, detail the competition to develop the best mobile banking tools, take a look at some banking app pioneers and cutting-edge features, detail how mobile banking could be bottom-up, expanding bank and credit access worldwide, and touch on how this race affects the closely-related business in mobile payments.
BII REPORT: The Mobile Banking Ecosystem Explained - Business Insider
Points:
- “…there is still some resistance to mobile banking, reflected in relatively low adoption rates.”
- “…banks have begun to invest heavily to integrate the latest and greatest features into their smartphone apps and mobile sites.”
- “…mobile banking has caught on in poorer countries, and could expand bank and credit access worldwide.”
- “If the legacy banks don't succeed in redefining their services for the mobile age, they risk losing out to upstarts like Simple with innovative mobile-first banking formulas.”
