News

News

Mobile banking users will double and hit a quarter of the world’s population by 2019

Mobile banking users will double and hit a quarter of the world’s population by 2019
  • Exponential growth in mobile banking is driving an era of ‘Open Banking’, according to a KPMG report using primary survey data supplied   by UBS Evidence Lab
  • Large banks are already having to acquire technology start-ups to keep-up with the rapid pace of change and the growth of challenger banks
  • Challenges including cyber-security and the lack of collaboration with developers, is preventing banks to innovate and capitalise upon ‘Open Banking’

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