For Gen Y, the rallying cry was, “I want my MTV.” For Millennials, the cry might as well be, “I want my mobile banking.” About 67% of Millennials now use mobile banking, according to a study released today by the Federal Reserve. This compares to 18% for those consumers aged 60Read More
Post Tagged with: "research"
Marketplace lending has siphoned a notable share of small business lending, new research shows. According to a little-noticed report from the Federal Reserve Bank of Richmond, fully 20% of all small business loan applications are now being originated by marketplace lenders. And in loans to companies that have less thanRead More
Banking industry executives see the perception of their brands’ innovation skyrocketing. The reality of how much innovation is going on in banking: not so much. That’s the essence of Bank Innovation‘s State of Banking Innovation study for the third quarter of 2015. Specifically, industry executives rated the overall innovation at theirRead More
Bank Innovation has teamed with the Open Bank Project to conduct a research initiative surrounding the use of APIs in banking. Specifically, Bank Innovation and the Open Bank Project will undertake a research survey to better understand how banks worldwide are prioritizing API initiatives and why. We intend for the query to uncoverRead More
You can find data to tell you just about anything about banking these days. That’s not a good thing. This morning I came across two banking studies that, while not exactly contradictory, seem to be implying two opposing trends. On the one hand, there is the Bankrate.com study released today thatRead More
When do mobile banking customers deposit checks using remote deposit capture (RDC) on their smartphones or tablets? At night and over the weekends, from the comfort and safety of their homes? It turns out most mobile deposits take place during banking hours. 66% of mobile deposits occur between 10 a.m. andRead More
SAN FRANCISCO — Should banks spend on the channel or channel integration? That’s the central question that appears to face bankers today, according to a live poll conducted during last week’s Bank Innovation 2013 event. Bankers are largely falling into two camps. About 31% of bankers say their companies areRead More
For the second consecutive year, we are conducting a research study to better understand innovation in the banking industry, and how that innovation will change over the next five years. Results of this survey will be released at the upcoming Bank Innovation 2013 conference.
According to TRAC’s research, 59% of CIOs surveyed stated the ability to increase the amount of IT resources that are available for investing in innovation and new services as their top strategic goal, while the third highest rated goal of CIOs was to reduce the cost of managing IT (48%).
The data also shows that implementing Application Performance Management (APM) strategies has a direct positive effect in both of these areas. For CIO’s, this means less headaches.
At a time when discussion around higher bank fees is at a fever pitch, small businesses value the human touch more than ever and are more satisfied with their banks than they were in 2010 according to the just released J. D. Power and Associates 2011 U…