{"id":15627,"date":"2020-12-21T14:30:43","date_gmt":"2020-12-21T14:30:43","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=15627"},"modified":"2020-12-21T14:30:43","modified_gmt":"2020-12-21T14:30:43","slug":"6-mobile-banking-trends-for-2021","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/6-mobile-banking-trends-for-2021\/","title":{"rendered":"6 mobile banking trends for 2021"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Ekaterina Tolmacheva, the author of Go Mobile\u2019s annual report on mobile banking, recently highlighted 6 major mobile banking trends expected in Russia in 2021.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Biometrics \u2013 an increasing base of consumers that have provided biometric data means that financial institutions can, with more confidence, increase cash withdrawal limits and lower interest rates on loans for these consumers.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Smart(er) apps \u2013 financial institutions not only collect a ridiculous amount of data on consumers, they are also using it to provide them with insightful analyses of their spending habits as well as help them to plan a workable budget. As technology continues to develop, the utility of apps will no doubt also keep growing.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Increasing role of the Central Bank \u2013 the Central Bank is continuing to influence the development of digital assets in Russia. Although some see this as a hindrance to development, the Central Bank does have the power to mandate the use of certain technologies as well as how they are applied.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Growth in the number and usage of superapps \u2013 superapps (e.g. those launched by Sberbank and Tinkoff) facilitate connections between financial institutions and non-banking services, ultimately making life easier for consumers. With success being seen in the first such apps launched, it seems likely that the era of superapps may be upon us.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Financial institutions and new media \u2013 while the importance of new media apps like TikTok and Likee may not be immediately evident to financial institutions, early adapters are finding success. Expect financial institutions to join new media apps en masse in 2021.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Changing the role of the branch location \u2013 with most banking processes having switched to remote in 2020, the importance of branch locations is fading. But some financial institutions are going \u201cphygital\u201d to provide consumers with experiences that are more akin to a visit to a coffee shop than a visit to a financial institution.&nbsp;<\/span><\/li>\n<\/ul>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-15627 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Open Banking Brings a Challenge to Card Dominance in Payments'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/open-banking-brings-a-challenge-to-card-dominance-in-payments\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/09\/2-cards-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-16280\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16280'>\n\t\t\t\tOpen Banking Brings a Challenge to Card Dominance in Payments\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='How FinTech is helping the unbanked and underbanked'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/how-fintech-is-helping-the-unbanked-and-underbanked\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/09\/how-fintech-is-helping-the-unbanked-and-underbanked-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-11021\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-11021'>\n\t\t\t\tHow FinTech is helping the unbanked and underbanked\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='4 keys for successfully moving into a digital financial environment'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/4-keys-for-successfully-moving-into-a-digital-financial-environment\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/11\/abfc0dfb-7526-4053-bcb2-6ee3aeed303c1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15542\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15542'>\n\t\t\t\t4 keys for successfully moving into a digital financial environment\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Ekaterina Tolmacheva, the author of Go Mobile\u2019s annual report on mobile banking, recently highlighted 6 major mobile banking trends expected in Russia in 2021. Biometrics \u2013 an increasing base of consumers that have provided biometric data means that financial institutions can, with more confidence, increase cash withdrawal limits and lower interest rates on loans for &hellip;<\/p>\n","protected":false},"author":12,"featured_media":15616,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,12],"tags":[],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15627"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=15627"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15627\/revisions"}],"predecessor-version":[{"id":15628,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15627\/revisions\/15628"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/15616"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=15627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=15627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=15627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}