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Mobile Banking Vendor Reports Usage Growth

The latest data dump from Malauzai Software, which now provides mobile banking apps to 108 credit unions and banks, reveals continued, strong growth in mobile banking usage.

By Robert McGarvey | Updated on August 23, 2013

The latest data dump from Malauzai Software, which now provides mobile banking apps to 108 credit unions and banks, reveals continued, strong growth in mobile banking usage.

The Austin, Texas-based firm’s July numbers released Aug. 20 show that among financial institutions that have offered mobile banking for at least one year, “The average month-over-month [member usage] growth rate is 4.19%. The best-in-class number is 11.56% with several banks and [credit unions] topping 10%.”

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