The latest data dump from Malauzai Software – which now provides mobile banking apps to 108 credit unions and banks – reveals continued, strong growth in mobile banking usage.
The just-released July numbers show that among financial institutions that have offered mobile banking for at least one year, "the average month-over-month (member usage) growth rate is 4.19%. The best-in-class number is 11.56% with several banks and (credit unions) topping 10%," according to Malauzai in Austin, Texas.
Users "are flocking" to mobile banking, per Malauzai, which reported: "Best in class banks and credit unions are reporting between 37% and 39% of their total households or deposit accounts are using the mobile banking SmartApp. The average is between 17% and 21%."
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