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8 fascinating stats on Digital Banking

By [x]cube LABS
Published: Feb 04 2016

Technology is transforming the way we Bank. Every process from customer service, information delivery to banking operations is continuously evolving . To be updated is the need of the hour. So, here are 8 key stats in digital banking space which you cannot afford to miss.

1) Contactless will continue
	‘Faster Payment’ transactions by 2024. Source : Payments UK
2) Omni-channel presence
	Of Bank executives noted the importance of a bank’s digital omni-channel presence to its customer retention. Source : BizTech
3) Digitization
	Of bank executives called digitization a high priority. Source : BizTech
4) Disruptive force
	Of bank & capital market CEO’s say that an increase in competitors- traditional & new will be disruptive force over next 3 years Source : BizTech
5.a) Mobile wallet
	Of the top 11 retailers will announce a mobile wallet Source : Carlisle & Gallagher
5.b) Mobile wallet
	Of the top 10 U.S. card issuers will announce a mobile wallet, with at least one of the credit union associations announcing a mobile wallet that can be leveraged by any of their members. Source : Carlisle & Gallagher
6) Security Issues
	Of financial institutions percieve a lack of customer awareness & security concerns anaam to diye diyechi……s top barriers to security Source:BizTech
7) Cyber attacks
	Of banks say greatest technology concern is having a strong technology infrastructure to protect against cyber attacks. Source: BizTech