Banking on the move in a digital world
Apr10

Banking on the move in a digital world

In KPMG’s latest annual UK bank benchmarking report published this week, the accountancy firm highlights how banking is at a crossroads. As Bill Michael, KPMG’s EMA Head of Financial Services, notes in the benchmarking report: “Staying on top of innovation – even if that is in non-core areas of finance such as high-street retail – and monitoring developments that work best mean it is still possible for larger banks to exploit...

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The Mobile Money Landscape: volume 2
Dec09

The Mobile Money Landscape: volume 2

This updated version of The Mobile Money Landscape is compiled of facts, statistics and opinion highlighting the growth in mobile usage, as well as the factors affecting and shaping Mobile Money globally. People around the world checked their smartphones within minutes of waking up Facebook’s mobile users topped 1 billion Mobile banking logins outnumbered online banking logins in several countries as branch visits continued to fall...

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The rise of the digital-only bank
Oct28

The rise of the digital-only bank

Is a move to digital-only banking the next logical step for the retail banking industry? In our latest Pathway Paper we investigate the rise of a new breed of digital-only challenger banks and reveal the steps traditional banks can take to compete in this evolving landscape. Download the paper now and discover: The impact a move to digital-only could have on retail banking Lessons early adopters of digital-only can teach the industry...

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Where does the mobile banking app go from here?
Oct07

Where does the mobile banking app go from here?

During the first wave of mobile banking many major banks delivered functional, albeit relatively simple mobile apps and captured their customers early enough to earn an enviable front screen position on their phones. But with steps by the Internet giants to enter the mobile banking fray, the rise of a new breed of digital-only operators and tech businesses launching their own mobile payment platforms, banks now find themselves in a...

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53% Mobile Shoppers Prefer Their Bank to GAFA (Google, Apple, Facebook, Amazon)

Aite Group recently published a report indicating strong demand for mCommerce.  Their survey indicated 34% of respondents considered the ability to receive offers while shopping important and 53% thought their bank/credit union would provide “acceptable” privacy and security for mobile shopping – which is a higher percentage than GAFA, which ranges from 49-29%, with Amazon at the high end, and Facebook at the low end, or PayPal at...

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Time for Mobile Banking to Branch Out

This is the final post of a multi-part series written by Alistair Crane, Executive Vice President at Monitise Create.  A leading visionary in mobile strategy and design who has helped some of the largest brands in the world, Al has covered in this series market leadership through mobile innovation and the rise of beacons. In this post, Al covers mobile moving beyond simply another banking channel to provide consumers value across the...

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200% Mobile money growth in the Middle East vs 100% in USA
Aug01

200% Mobile money growth in the Middle East vs 100% in USA

200%  mobile money growth in the Middle East with 80% of consumers open to mobile payments.Saudi Arabia, UAE and Turkey are leading the mobile money revolution: 62% of smartphone owners in Turkey make mobile payments, and 44% of UAE consumers expecting to make more mobile payments in the future. Check out this new infographic from Monitise Middle...

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The benefits of mobile banking (INFOGRAPHIC)
Jul22

The benefits of mobile banking (INFOGRAPHIC)

Just how convenient is mobile banking for a bank’s customers? The latest research shows how mobile banking apps are saving consumers time and effort managing their finances.  ...

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44% increase in mobile payments in just 1 year: Gartner

The mobile payments field is growing rapidly, and accelerating its pace with every quarter. A recent Gartner report indicates a 44% increase in worldwide mobile payments in just one year to be at a robust $235.4 billion at the end of 2013. The popularity of mobile is underscored in a Nielsen study that indicates strong adoption across the board – 40% of mobile wallet users say mobile is now their primary mode of payment. Men...

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25% Cost Savings for Banks from Digital, and NFC + QR Codes have 65% mobile payments share (McKinsey, Nielsen)

European banks behind; can save 25% costs if digital (McKinsey) – this reissued piece from October 2013 contains warnings for European banks. Only 20 – 40% of processes have been digitised and less than 0.5% of total spending is on digital. If they digitise properly, banks can see cost savings of 20 – 25% . Avenues banks can explore include digital services to increase revenue, improving consumer targeting and pricing/product...

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