Fintechs Threat to Banks

  • Interesting chart from Alphaville.
  • This is analysis from the behaviour of 688,000 mobile banking users for 3 months of 2019.
  • The x-axis shows the proportion of people who use each of the major banking apps at least once a month.
  • The y-axis shows the proportion of those people that use that banking app exclusively.
  • It suggests that high street banks not only have the highest share of mobile app usage, but also a far more loyal base of users.
  • Lots of further interesting stats inside the article.
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