Mobile banking features (Image: Shutterstock).

Less than 1,000 banks and credit unions remain that have not launched a mobile banking app, representing only 14% of the 7,346 total financial institutions nationwide. This is such a small percentage that grows smaller every day and is reflective of how important mobile devices have become to our everyday banking needs. Interestingly, the iPhone holds a sizeable majority in which device consumers actually use to bank remotely, accounting for 65% of overall usage, any way you measure it. Android users, even though they represent such a higher percentage of the overall smart phone market, still lag in mobile banking.

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
NOT FOR REPRINT

© 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.