Digital Is the Primary Method of Banking for More Than 60% of Americans

Although the value of fraudulent activities in online banking is expected to reach $7 billion by 2020, there hasn’t been a lack of interest and development in the segment as businesses have recognized changing consumer behavior and preferences. Quite an extensive list of mobile-only banks has been eating up revenues of traditional branch-focused financial institutions, pushing the latter to change their development strategies towards digital.

Anthony Thomson, the Founder of Atom Bank, the UK’s first mobile-first bank, made quite a bold, but probably fair, statement at the

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