In this era of mobile growth and explosive digital adoption, simply having an app available is not a differentiator. In fact, most consumers simply expect all financial institutions to have an app available.
Measuring risk and the potential consequences is multifaceted and dynamic. FRTB quickly becomes complex when non-modellable risk factors and P&L attribution come into play. The financial world continues to learn from the past while attempting to plan safely for the future.
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. As the mobile banking industry nears a plateau, what are the trends affecting usage and growth?
If there is one theme that runs common across the BigTechs' entry into providing financial products, it is their ability to draw insights from their customer’s data.
