“Today 85% of deposit transactions are being made through the Bank of America app, ATMs and other automated channels – driven by nearly 48 million checks deposited digitally during the second quarter alone. As of the beginning of last month, more than 70% of Bank of America clients are actively using digital channels for more…
Tag: RDC
Digital Banking Is Growing Faster Than Ever: Do Traditional Banks Stand A Chance?
“In the next three years, it is estimated that visits to bank branches will drop by 36%. Millennials are one of the biggest generations in U.S. history. By 2030, this population is expected to reach 78 million. An eMarketer study this year found that about 48% of millennials would consider moving their accounts to a…