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FIs Most Underutilized Asset: Their Apps

PYMNTS

This is true even for routine transactions, such as transferring money to friends and relatives or making retail payments. So what can financial institutions (FIs) do to improve their apps’ user experience (UX), and will making these changes help boost adoption and usage?

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Mobile Payments: What’s In It For Me?

PYMNTS

London transportation that accepts Oyster will support mobile payments of up to £30 only, and for larger amounts, users can use Vodafone Pay at retailers, which requires a PIN. According to Media and Services UX, (MSX) group at Strategy Analytics, three-quarters of mobile payment users in China do so in physical stores daily.

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1M Users & Growing: 20+ Fintech Startups That Have Crossed The 1 Million Account Mark — And How They Got There

CB Insights

Download the free report to find out about the rise of digital banking, challenger bank strategies and how incumbents are fighting back. Under the radar growth: Propel’s app Fresh EBT reportedly has over 2M monthly active users (MAUs), but the mobile app has over 5M+ downloads according to Google Play data. cbi_cta id=70404.

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Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti

FICO

That said, customers have increasingly high standards and you only have a short amount of time to impress them (especially Millennials). Small UX improvements (like real-time address lookup) can have a big impact on customer experience. People want to master their financial lives and they want engaging content that teaches them how.

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We analyzed 7 of the fastest-growing personal finance apps of all time to figure out the secrets to their success — here’s what we learned

CB Insights

Ninety-two million millennials will soon be in what Goldman Sachs calls their “prime spending years.” Download the 17 key takeaways from the 7 fastest-growing personal finance apps. Bankrate found 83% of millennials don’t think they’ll ever retire: they simply “don’t think they’ll have the money” to do so.).

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FIs: Build For A Digital Future Or Lose Customers

PYMNTS

OnDot has seen the open rate on FIs’ downloaded mobile apps more than double, from about 35 percent in the pre-COVID-19 era to 79.06 The expert added that these changes aren’t just reaching millennial and digital-native consumers, but also “my 80-year-old parents. percent as of last week. It’s not just about digital self-service.

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