“Online & Mobile Banking Forecast: 1994 to 2018" by Online Banking Report

A new research report released by Online Banking Report has examined current and future (from 1994 through 2018) usage of online banking, mobile access and bill payment. 

As the report shows, although 2008 was one of the most challenging years for banking industry, the growth in alternative online and mobile channels industry made the year significant. Innovations have increased the usage rate of those services. It has been suggested that in order to optimize delivery channels in the future, banking executives have to understand the major trends outlined in the report. 

The report includes year-by-year projections for such online products and services as: Checking/deposit account access, peer-to-peer (P2P) lending, mobile contact, loan/credit card access, account aggregation, pay-anyone bill pay, and direct bill payment. 

Some other important information provided in the report are: a list of the top-37 online banking innovations, a review of the top-10 developments of 2008, a new 10-year projection for peer-to-peer lending, and a mobile banking projection for as far as 2025. 

The research can be accessed from Online Banking Report only and has been declared as “a must-read for any financial institution”. 

Source: Business Wire