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NEW DATA: 43M Consumers Are Holding Out On Mobile Banking Apps — How Banks Can Change Their Minds

PYMNTS

Consumers’ banking habits have changed radically since the pandemic was first declared in March. Not only are many account holders visiting brick-and-mortar branches less often than they did before the pandemic, but many are also more reliant on digital banking channels — particularly mobile banking apps — than they have ever been.

UX 234
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FIs Most Underutilized Asset: Their Apps

PYMNTS

Mobile banking apps are designed to make digital banking more convenient for customers, yet 21.7 So what can financial institutions (FIs) do to improve their apps’ user experience (UX), and will making these changes help boost adoption and usage? percent of consumers who use these apps are dissatisfied with them.

UX 150
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Why Legacy Banks Have Mobile App Advantages

PYMNTS

Banking customers, he said, tend to think all those apps “need to be built by young, cool kids straight out of university” — not an unreasonable assumption, given that the young tend to be much more familiar with, and comfortable within, digital life than older generations. Good UX vs. Security.

Mobile 184
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Why The Bank-FinTech Relationship Is More Complicated Than Conflicted

PYMNTS

report: “The rise of digital innovators in financial services presents a significant threat to the traditional business models of retail banks.”. Banks have that base of trust, and the ability to engage with customers,” Oosthuizen added.

Fintech 191
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Does ‘Google Checking’ Foreshadow Big Tech, FinTech Payments Changes?

PYMNTS

That was one of the main messages from a recent PYMNTS discussion featuring Karen Webster and Vaduvur Bharghavan (he goes by VB), the president and CEO of Ondot Systems. Google’s expertise is in UX design,” he noted. “By

Google 272
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First Look: LA-Based Neobank HMBradley Braves the Pandemic with March 30 Launch

Fintech Labs Insights

Someone with $50k in the bank isn’t going to risk dropping down a tier because they charged one-too-many meals to their debit card (e.g., $125 Higher-balance customers may direct deposit to the account, then transfer 80% out to their “main” checking account and spend from that one. Digital Banks for Small Businesses.

Taxes 15
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The 25 Most Absurd Job Titles In Tech

CB Insights

As of this publication, LinkedIn showed active listings for a UX design alchemist at Critical TechWorks and a product and solutions development alchemist at Together Abroad. This is not the only alchemist position out there. Weekend Happiness Concierge. Source: Jorge Royan.