AUSTIN, Texas–Between 2014 and 2015, there was a 25% growth rate of financial institutions with consumer mobile banking apps, a new study shows.
Malauzai Software has released research depicting the mobile app usage of 7,754 financial institutions across the U.S. The company reviewed banks and credit unions with assets ranging from $50 million to $15 billion.
Key findings include:
- Of institutions with iPhone apps, 99% also provide Android apps and 61% provide iPad apps.
- There are more than 150 business mobile apps specifically built for businesses and more than 140 apps for stand-alone remote check capture; usually a stand-alone app is necessary when an institution’s primary mobile vendor cannot build out RDC fast enough, Malauzai said.
- The upper Midwest currently has the highest penetration of mobile banking apps among financial institutions.
“This is our third year doing this research, and each year we identify the banks and credit unions across the country leveraging mobile banking apps to really push innovation,” said Robb Gaynor, Malauzai’s chief product officer. “To us, it is important to see the traction mobile banking is gaining and the devices customers prefer.”