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Mobile apps digging in

25% growth rate seen year-to-year in providers

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  • Written by  Website Staff
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Mobile apps digging in

Mobile banking apps continue to gain traction, according to the latest in a series of surveys by Malauzai Software.

The firm examined the mobile app usage of 7,754 U.S. financial institutions with assets between $50 million to $15 billion. Key findings include:

• Between 2014 and 2015, there was a 25% growth rate of financial institutions with consumer mobile banking apps.

• Of institutions with iPhone apps, 99% also provide Android apps and 61% provide iPad apps.

• There were 150-plus business mobile apps specifically built for businesses and 140-plus apps for stand-alone remote check capture.

• The upper Midwest currently has the highest penetration of mobile banking apps among financial institutions.

http://www.bankingexchange.com/images/Dev_Briefing_Images/apppenetrationindexv2.jpg

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