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Mobile Deposits Vary Greatly Across FIs: Malauzai

In a new report, Malauzai asserts credit unions must provide unique, multi-device money management and bill pay options.

By Roy Urrico | Updated on September 30, 2016

A wide range exists when comparing average mobile deposit size across financial institutions, which reflects the range of deposit limits at banks and credit unions, according to the Austin, Texas-based Malauzai.

The mobile and internet banking provider’s Monkey Insights little data report, which takes big data and breaks it up into digestible factoids, includes data gathered from 385-plus credit unions and banks. The report, which covers 8.95 million logins from 465,000 active internet and mobile banking users, highlighted comparison data for money movement statistics in August totaling $417 million and 730,000 money movement transactions.

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Roy Urrico

Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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