Digital investment

Banks are spending too much on digital banking, despite the rapid growth in customers managing finances on their mobile phones and tablets. A Credit Suisse report said competition was spurring an over-investment in mobile technology. Mobile banking accounts for less than 10 per cent of the value of digital transactions.

By InvestSMART · 27 Jun 2013

By InvestSMART ·
27 Jun 2013

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Banks are spending too much on digital banking, despite the rapid growth in customers managing finances on their mobile phones and tablets. A Credit Suisse report said competition was spurring an over-investment in mobile technology. Mobile banking accounts for less than 10 per cent of the value of digital transactions.

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Digital investment

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