Use of WM and banking apps surges during lockdown

clock • 2 min read

Research from Nucoro, a London-based fintech company, has found a sharp rise in the number of people using mobile banking and wealth management apps. Nuroco's research reveals that between 14 March and 14 April, because of the covid-19 lockdown, around 12% of the adult population in the UK - some 6 million people - downloaded their bank's app for the first time.  Some 21% of those aged 35-54 did this, as did just over 5% of people aged 55 or more. Nucoro estimates that between 14 March and 14 April, around 200,000 people downloaded their bank's app for the first time every day. In ...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.