More than 50% of US consumers wanting to change banks would consider a digital-only bank, according to a new survey that also reveals the same findings reflected in a similar UK survey.
The total number of digital banking users globally will exceed 3.6 billion by 2024, up from 2.4 billion in 2020, a 54% increase, with growth driven by the rise of digital-only banks and the ongoing focus on digital transformation by established bank brands, according to a newly published study.
Australian digital bank UBank is partnering with fintech startup Basiq, leveraging machine learning to give customers a "more complete picture" of their finances.
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