In 2021, the number of new smartphone banking users in Canada will plummet to a third of the previous year’s level, considerably increasing competition among financial institutions (FIs), including Banque Nationale. As the battle for new mobile users heats up, FIs’ mobile banking app features will be crucial. This report identifies which key growth opportunities Banque Nationale might focus on to gain and retain customers.

Who’s winning the sprint to become a financial services super app: At Money20/20 USA, Insider Intelligence gave financial services executives an advance look at our upcoming matrix compiling some of the industry’s most comprehensive data about global financial services super apps.

This inaugural scorecard, weighted based on responses to a primary consumer survey, ranks the four largest US neobanks by user count according to their advanced mobile banking capabilities. The report presents detailed benchmarking data on the availability of 47 mobile features, selected by analysts based on the features’ propensity to help neobanks differentiate themselves from competitors. It is a companion to the 2020 US Mobile Banking Competitive Edge Report, which ranks the 25 largest US financial institutions by assets.

This inaugural study, weighted based on responses to a consumer survey, ranks the seven largest Canadian financial institutions by assets according to their mobile banking capabilities. It presents detailed benchmarking data on the availability of 42 mobile features, selected by analysts based on their propensity to set FIs apart.

While commission-free trading isn’t unique, bundling it with crypto and savings features will increase the time the UK-based neobank’s US customers spend with it.

The UK neobank wants to broaden its presence in Australia, including adding the ability to receive deposits. It’s got a decent shot at breaking through, but it needs to offer its full product suite to impress consumers.

The unlikely banker: Matt Turner, head of digital at HSBC UK, has “jumped industries many times,” holding leadership positions at both multinational companies and startups, many of them sitting in the marketing space—including stints at American Express, RetailMeNot (a retail coupon and savings service), and most recently, IWG (a global workspace company).

The UK-based neobank now offers app support for people making cross-border transfers between the countries. Its US division CEO spoke to Insider Intelligence about the feature and Revolut’s plans for a US-focused marketing push and expansion into Latin America.

Square will get Afterpay’s BNPL offering in the fintech’s eight markets: Australia, New Zealand, the US, Canada, the UK, Spain, Italy, and France. The opportunity: The combination gives Square neobanking growth opportunities in two countries:.

Revolut hits a peak of 15.5 million retail customers: The neobank’s accounts and revenue swelled even as its losses mounted—and its financials suggest it can still grow paid revenue and attract more non-UK customers.

Banking-as-a-Service (BaaS) is getting hot in the US and UK as a growing number of providers start offering the service, but in order to enjoy the revenue, data, and innovation opportunities of the business model, BaaS providers need to stand out along the metrics by which prospective clients judge them. Three Key Questions This Report Will Answer:.

The news: UK neobank Revolut is trying to increase its revenue into the “few billion dollars” range in order to go public successfully, founder and CEO Nik Storonsky told Bloomberg Television. Storonsky did not set a timeline for the IPO. More on this: The neobank is far away from a multi-billion dollar revenue goal.

Banking tech vendor Zeta eyes US market boost: The company plans to enhance its global footprint with proceeds from a $250 million round led by SoftBank—placing it in a strong position to make clients out of smaller banking players that are eager to upgrade their offerings.

These players have been struggling: UK-based Revolut, for example, pulled the plug on its beta in the country, although it plans a return next year. But Canada’s entrenched incumbent banks make it hard for challengers to win market share. Just five big banks dominate Canada’s banking sector: BMO, TD Bank, RBC, CIBC, and Scotiabank.

In markets where contactless cards were introduced early on—such as in Canada, France and the UK—the spread of these cards has impeded the growth of mobile payments. This is largely because contactless cards preceded the introduction of mobile payment platforms like Apple Pay and Samsung Pay.

Lloyds and Starling top Q4 2020 UK account switching list: The pair took first and second place, respectively, in net account switches—and their different customer acquisition approaches show how to succeed as account switching rebounds from the pandemic.

The UK-based multinational bank has debuted its HSBC Kinetic service, which is designed to offer small businesses access to a fast and simple mobile banking experience, TechRadar reports. Interested customers can apply for an account through the app, which will be available for iOS and Android.

The UK-based neobank plans to return to Canada next year and will offer its full suite of products, per BetaKit. The decision, which Revolut co-founder and CEO Nikolay Storonsky disclosed at the Collision 2021 conference, comes about a month after the company opted to withdraw from the Canadian market. The app was in beta and lacked the UK market’s full product offering.