Sector Focus 

Rise of the (banking) machines

Rise of the (banking) machines

For major lenders trying to cut costs, the rising popularity of online banking could be a convenient trend. Mobile banking usage by UK retail customers increased by more than half during the two years to October 2016, according to ebenchmarkers data. What’s more, research consultancy CACI predicts that banking app transactions will more than double by 2022, while desktop and laptop interactions will decline by almost two-thirds.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now