The average credit union released its initial retail mobile banking app 3.51 years ago and 95.4% above $100 million in assets offer a mobile app according to a new benchmarking solution.
Atlanta-based FI Navigator Corporation and Boston-based Sievewright & Associates collaborated to offer credit unions a comprehensive mobile banking benchmarking report, which provides data for a three-year period as of March 31, 2017, covering some 2,847 U.S. credit unions and 45 hosted mobile vendors.
Commenting on the agreement, credit union movement Sievewright & Associates founder, Mark Sievewright said, "The rapid digital transformation of financial services requires credit unions to prioritize their mobile banking and mobile payments investments and assess their own performance in these critical areas. The Retail Mobile Banking Performance product developed by FI Navigator provides unique, in-depth quantitative analysis of mobile banking trends, performance and consumer ratings."
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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.).
