Only half (50%) of the world’s 30 major private banks and wealth
managers offer mobile applications (apps) to their clients and only
one-in-ten providers have services specifically designed for mobile
technology.

MyPrivateBanking’s survey of mobile apps availability
matched research by PBI last year that found only limited take
up of mobile app technology.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The findings come as mobile phones and tablet computers are
rapidly growing as an online interface for banking and wealth
management clients, particularly among younger high net worth
individuals.

 

Limited roll-out of app-specific features

Just 20% of banks came up with mobile apps with features that
were not available on their own websites.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Only three of the banks surveyed offered applications that moved
beyond online banking or account checking functionality and
provided features such as smart, location based services.

None of the surveyed banks offered a full-service mobile
application, which would allow real time access to a client´s
portfolio, financial research as well as specific mobile features,
such as financial planning tools, that allow client
personalisation.

 

Tech leaders: Standard Chartered Singapore

MyPrivateBanking identified Standard Chartered Singapore as
having the best mobile app. The app offers a wide range of
services, from the standard location service of the nearest
branch/ATM, with location based maps, to viewing account and credit
cards details, to transferring funds and paying bills with an
electronic check.

The research assessed 30 private banking providers, including
BNP Paribas, Citigroup, Coutts, Credit Suisse, Deutsche Bank,
Goldman Sachs, Rothschild and UBS Switzerland among others.