Mobile Banking Logins Surpassed Internet Logins in Many Markets, Says Juniper
The number of mobile banking logins exceeds internet banking logins in many markets, Juniper Research reported Tuesday. Banking app logins in the U.K. reached a record 11 million per day last year, compared with 4.3 million internet banking logins, it…
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said, and 65 percent of mobile banking customers in the U.S. and the U.K. use an app for banking. Banks are becoming increasingly concerned their market position is being undermined by tech companies and pure-play vendors entering the market, enabled by technology and regulations, said the researcher. By 2017, banks in the EU will be required to open their application programming interfaces, resulting in innovative new data-based products that create attractive financial services for customers, Juniper said.