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Mobile banking is no longer just for Millennials and Gen Z. In fact, recent findings indicate that well over 50 percent of consumers under age 54 consider mobile deposit to be a “must have” or “nice to have” feature.
Mobile banking is all the rage, but mobile deposit isn’t keeping up. What gives? Andrew Huber addresses account holder concerns — as well as tips for financial institutions to overcome them.
As consumer lifestyles become increasingly app driven, so does the way individuals manage banking and personal finances. For financial institutions that haven’t “gone mobile” quite yet, below are three trends that indicate it’s no longer a “nice to have.”