Fintech Bites: Functionality Ranking — UK High Street Banks

Fun little story for you...

If you know us, you know we love our morning coffee in the office, during which the hot topics of talk include a little fun fact about fintech that we discovered this week.

We have now decided to share these little fintech snippets with you.

All data is taken from the digital banking research platform FinTech Insights. Through exhaustive analysis of all features and user journeys of banks and fintechs worldwide, we provide insightful rankings.

Starting with this Ranking!


Functionalities-HighStreet-1024x576

We have selected the main High Street Banks in the U.K, and made a ranking of their Total Number of Functionalities. 

This includes all their channels (Web, iOS, Android).

Let's share some key facts about the Top 3 (Barclays, Lloyds Bank & Halifax), to read through along with your morning coffee.

coffee mug full of coffee
1280px-Barclays_logo.svg-300x51

  • Most Functionalities found in the Web channel, with a total of 178.
  • For the Web channel, most Functionalities are found under the Money Transfers category, with a total of 44.


Barclay_FunctionalityBreakdown-1024x576

logo-lloyds-banking-png-1500-300x84

  • Most Functionalities found in the Web channel, with a total of 184.
  • For the Web channel, most Functionalities are found under the Accounts category, with a total of 34.


Lloyds_FunctionalityBreakdown-1024x576

halifax_core_logo_645x339_com_rgb_png_2019-p0emhz339y6fk6bems0areypn5lt0n2kkkdtax2768

  • Most Functionalities found in the Android app channel, with a total of 151.
  • For the Web channel, most Functionalities are found under the Accounts category, with a total of 30.


Halifac_FunctionalitiesBreakdown-1024x576

Enjoy a good cup of Joe with a good read?

Do you want to wake up every day with access to these actionable data, in any drill-in level and be able to make informed decisions?

Explore FinTech Insights and start improving tour digital banking offerings today!

 

Read more Fintech Bites:

Functionality Ranking – US Challenger Banks

5 Key Functionalities in Junior Accounts

"Split the bill" functionality in the US market

The Author

Sotiris Fousekas
Sotiris is VP of FinTech Insights Product, crafting the roadmap and operations. New metrics, new ways of presenting the data, deep-diving into the analytics and the continuous evolution of the product, based on FinTech Insights user’s feedback, are his main areas of focus.

about Scientia

Learn more

FinTech Insights

Explore