This third annual study, weighted based on responses to a consumer survey, is an exclusive benchmark that ranks the 10 largest UK banks and building societies by assets according to their innovative mobile banking capabilities. We include research on the availability of 41 mobile features, selected based on their propensity to set financial institutions apart, as well as data on consumer demand for each of these features.
3 KEY QUESTIONS THIS REPORT WILL ANSWER
WHAT’S IN THIS REPORT? It’s never been more challenging—or more important—for FIs to stand out with innovative mobile features. In this report, we share data and insights about emerging mobile features that banks and building societies can support to rise above the competition. We used a dedicated survey of 1,134 UK adult mobile banking users to identify the features that those consumers demand, highlighting features that the 10 largest UK FIs deployed and the mobile functionalities that respondents valued most.
KEY STAT: Lloyds Banking Group offered the most in-demand mobile feature set in our study, scoring 45.0% of possible points in a tight race—narrowly ahead of runner-up Barclays, with the NatWest Group and HSBC close behind.
Insider Intelligence also publishes annual mobile feature benchmarks for the US and Canada, as well as a companion study for the UK:
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