Links in “Mobile Banking”
- Is Too Much Fraud Prevention Actually A Bad Thing?
An industry survey has shown that the majority of potential credit union members prefer to open accounts remotely, but more than half of those applicants abandon the application due to an overabundance of fraud prevention protocols within the online process. [2/19/16]
- Mobile Banking Linked to Bottom-Line
A new study has found that providing mobile banking leads directly to bottom-line results and revenue. How can your institution maximize the value of mobile banking adoption and usage? [2/9/16]
- Mobile Banking is Sticky and Profitable
A recent study shows that mobile banking users bring in 36% more revenue than branch-only users and are almost 50% less likely to change financial institutions. Also, mobile bankers purchase more products and services from their financial institutions than branch-only users. [1/25/16]
- Mobile Banking is Sticky and Profitable
A recent study shows that mobile banking users bring in 36% more revenue than branch-only users and are almost 50% less likely to change financial institutions. Also, mobile bankers purchase more products and services from their financial institutions than branch-only users. [1/25/16]
- Head to Head Matchup Between Internet and Mobile Banking â Who Wins?
The answer is âit depends.â Usage patterns differ based on the delivery channels. Internet users in a browser transfer 75% more money internally than mobile users. On the other hand, person-to-person transfers occur more frequently on mobile devices. Android and iPhone users login to their accounts at banks and credit unions almost twice as often as Internet users. [1/8/16]
- Big Banks Cozy Up to Online Lenders
On Deck teamed up with JPMorgan Chase. Lending Club with Citigroup. New online lender startups are launched monthly, if not weekly. [12/17/15]
- Mobile App Malware Intercepting Bank Transactions
Just two malware families installed on mobile devices intercepted 170,000 SMS messages, including a number of banking transactions, such as querying credit card numbers and bank balances. Key takeaway: be careful with the mobile apps you download and stick with well-known apps. [12/16/15]
- Online Loan to San Bernardino Shooter Brings Congressional Attention to Industry
Congress is taking a closer look at the online lending industry after it was revealed that one of the San Bernardino shooters borrowed $28,500 from an online lender that may have been used to pay for ammunition, pipe-bomb components and a rented SUV. [12/14/15]
- Raising the Alarm About Increasing Use of Fintech Among Terrorists
Terrorists and other criminals are increasingly turning to internet-based technology to raise and launder money for illicit activities. While regulation often lags behind technology, growing awareness of these trends suggests heightened regulatory scrutiny. [12/14/15]
- Meanwhile in Canada…
Online banking is the most important banking channel, beyond branches, call centers, and mobile. Would you want to go out in that weather? [12/10/15]
