Post Tagged with: "active mobile users"

Bank of America Chief Executive Officer Brian Moynihan
Courtesy: Bank of America

BofA’s Moynihan Lets Slip That Processing Costs Are 90% Lower via Mobile

by October 15, 2015 at 9:58 am 0 comments

So now we know. Brian Moynihan, the chairman and chief executive of Bank of America, disclosed yesterday the rate of savings the megabank is getting from its customers shifting to mobile banking for services: 90%. Indeed, Moynihan said on an investor call yesterday that mobile “is one-tenth the cost relative toRead More

Wells Fargo Goes AWOL With Its Mobile Performance Data

Wells Fargo Goes AWOL With Its Mobile Performance Data

by July 15, 2015 at 10:45 am 1 comment

Transparency took a left hook to chin yesterday when Wells Fargo & Co. chose to withhold a crucial piece of its financial data. Specifically, Wells Fargo for the first time in at least two years refused to disclose the exact number of its active mobile banking users. Instead, Wells FargoRead More