Listen hard and it as though you can hear the rush of credit unions to adopt mobile banking. It is coming that fast.
Right now, maybe "15% of credit unions are mobilized," guessed Drew Sievers, CEO of mFoundry, a developer of mobile banking technologies. That means 85% "have done nothing," said Sievers. But he quickly added: "Within 18 to 24 months almost all larger credit unions will be mobilized. This is happening very fast."
"Within two years–maybe just one–most larger credit unions will offer a mobile app," agreed David Eads, a vice president at mobility vendor Kony. "This is hitting an inflection point. In the next quarter there is going to be huge adoption."
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.