Mobile banking transactions have more than doubled in the last four years. Fifty-two percent of people are visiting their bank branches less frequently. More than a quarter of millennials only bank online. But despite clear signs that online is where money management now happens, banks haven’t kept up. Fintech companies, seeing a niche, are rushing to fill gaps with their own financial services offerings.
At this crossroads, financial services providers face a clear choice: get with the digital program or risk losing customers and stalled top-line growth. This infographic illustrates why digital banking is the wave of the future and the present. After reviewing it, you’ll have a better understanding of how your institution can get ahead (and stay ahead) including:
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