Mobile banking transactions have more than doubled in the last four years. Fifty-two percent of people are visiting their bank branches less frequently. More than a quarter of millennials only bank online. But despite clear signs that online is where money management now happens, banks haven’t kept up. Fintech companies, seeing a niche, are rushing to fill gaps with their own financial services offerings. 

At this crossroads, financial services providers face a clear choice: get with the digital program or risk losing customers and stalled top-line growth. This infographic illustrates why digital banking is the wave of the future and the present. After reviewing it, you’ll have a better understanding of how your institution can get ahead (and stay ahead) including:

• How fintech companies are gaining in the financial services market
• Why today’s banking challenges mean the status quo isn’t good enough anymore
• The real-world benefits of a real-time database