A growing number of credit unions are terminating contracts with incumbent mobile banking providers, saying they want more and faster technology than what's currently on the market.
That's a plus because good apps are central to survival, advocates say. Institutions that have yet to debut a full-featured mobile banking app should have some concern about their longevity.
"I don't think they can survive, not long term," said Jim Rapoza, senior research analyst with the Boston-based research firm Aberdeen Group. "We are entering the post-PC era, where mobile banking, very quickly, is becoming the dominant channel."
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