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Having a "frictionless" user experience (UX) is among the top three qualities that bank customers look for when picking a new bank, right after "security" and "trustworthiness," according to a new report by financialtechnology provider, FIS.
The partnership model is an increasingly popular setup for financialtechnology startups that don’t have their own bank charters. Challenger banks also face the challenges of an increasingly crowded field (and the challenge of offering the higher rates on deposits that lure consumers), where product differentiation – via UX – is key.
The partnership model is an increasingly popular setup for financialtechnology startups that don’t have their own bank charters. Challenger banks also face the challenges of an increasingly crowded field (and the challenge of offering the higher rates on deposits that lure consumers), where product differentiation – via UX – is key.
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