Monday, February 15, 2010

Online Banking Report Publishes New Issue “Online & Mobile Banking Forecast: Current, future and historical usage: 1994 to 2019"

SEATTLE--(BUSINESS WIRE)--Online Banking Report has just released its latest issue, which contains a 10-year forecast of online banking and bill pay growth. For the third year in a row, the forecast has increased a few percentage points to reflect a more robust outlook for adoption, thanks primarily to mobile banking. Online Banking Report now projects 73 million U.S. households banking and/or paying bills online or via mobile in 2013.



In addition, the report includes a revised 10-year forecast for U.S. peer-to-peer lending. After experiencing a 30% decline in 2009, peer-to-peer lending is expected to grow healthily next year with a record amount of loan originations.



The report also includes a summary of the top ten innovations of 2009, including the surge in mobile banking usage, the amazing tools coming out of the iTunes App Store, and of course, the surprising adoption of Twitter, with nearly 1000 financial institutions worldwide tapping the real-time info stream.



Lastly the report lists the top 25 innovations of the decade topped by the invention of simple online payments by PayPal ten years ago and the advent of modern mobile banking which appeared in the United States just three years ago at Citibank (powered by mFoundry) and BancorpSouth (powered by Firethorn).



This exclusive forecast and research is available only from Online Banking Report and is a must-read for any financial institution executive. It can be downloaded immediately after purchase at www.onlinebankingreport.com.



Companies Mentioned: Apple, Bank of America, CashEdge, Chase Bank, Digital Insight (Intuit), First Hawaiian Bank, Geezeo, Google, ING Direct (AU/USA), Jwaala, Lending Club, mFoundry, Mercantile Bank of Michigan Mint, MoBank, Moneta, Nationwide Insurance, PayPal, PNC Bank, Prosper, Research in Motion, Stanford Federal Credit Union, Starbucks, SunTrust Bank, Twitter, USAA, Wesabe, WV United Credit Union, Vantage Credit Union



About Online Banking Report



Founded in 1995 by former banker Jim Bruene, Online Banking Report provides in-depth analysis, relevant data, and informed recommendations to financial services executives in 50 countries. Online Banking Report is published by Online Financial Innovations, a Seattle-based research company. For more information and free sample reports, visit www.onlinefinancialinnovations.com, email info@netbanker.com or call (206) 517-5021. You may also find OFI’s blog on the latest in online finance & banking at www.netbanker.com.

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