This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here. Consumer use of app-based banking is growing significantly in the UK, but not at the expense of web-based banking, according to a report from the British Banking Association. Daily app logins rose about 60% from 7 million in 2014 to 11 million in 2015. At the same time, web-based banking logins only declined around 2% from 4.4 million to 4.3 million. This suggests that the increase in app usage isn't replacing web-based banking. There are a number of reasons why mobile app usage could be rising in the UK: More banks are offering mobile apps. A number of major high...
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