Who Wins the UX Arms Race: Traditional Banks or Neobanks?

Some people within banking may object to a direct comparison between a large regulated financial institution and challenger bank.

They may feel that it’s not an apples to apples comparison. But none of that matters in the eyes of the end user.

Consumers nowadays, especially the younger generations, don’t factor in longevity when choosing a banking provider. What really matters to them is that you offer them what they need in the most convenient way — and that you do it efficiently and at the lowest possible cost. Therefore, a direct comparison makes perfect sense, because that’s exactly what consumers do.

So let’s put ourselves in the shoes of consumers and compare what is offered in digital banking in the U.S..

Read the  whole study here.

The Author

Alexandros C. Argyriou
Alexandros is the CEO of Scientia and has been a fintech specialist for the digital transformation of the largest Banks and Financial Institutions worldwide. He and the Scientia team help Banks bring their digital banking aspirations into fruition by designing products and services customers really desire.

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