Breaking News
Bank of Ireland Sees Record Christmas Digital Banking Usage
Analysis of Bank of Ireland customer behaviour between 14 and 24 December has shown record Christmas digital banking usage.
On Thursday, 19 December close to 1.6 million digital banking logins were recorded across Bank of Ireland’s iOS and Android mobile apps, as well as through its online banking website. This is higher digital banking usage than any other peak holiday or shopping period including Christmas, the traditionally busy Black Friday sales, and the Easter holiday season. The peak 2024 login figure is an increase of 4% compared to December 2023.
Biometric logins to the mobile banking app have also grown in popularity, up by 45% in December 2024 compared to December 2023. Over 3 million biometric logins were recorded during the month.
The pre-holiday period analysed saw contactless transactions increasing by 2%, with over 1.9 million contactless transactions recorded on 23 December alone, also making this a record-breaking figure for contactless transactions by Bank of Ireland customers. And, while digital banking and contactless payments increased, the number of ATM transactions fell 12% in December 2024 compared with the same date range (14 – 24 Dec) in 2023.
Ciarán Coyle, Group Chief Operating Officer, Bank of Ireland said: “As demonstrated by these latest figures consumers really value the speed of digital banking, especially during particularly busy holiday and shopping periods. We pair that digital service with telephone and branch options for more complex matters or bigger decisions. Being able to bank from anywhere – home, office, or on the move – is one of the greatest benefits of digital banking and that’s why we are focussed on continuing to invest in and enhance our digital banking services.”
People In This Post
Companies In This Post
- How Freedom Holding Corp Turned Technology Foundations into a Scalable Fintech Ecosystem | Freedom Holding Corp | The Fintech Show #161 Read more
- ComplyAdvantage Fintea Chats: Fighting Financial Crime in an Age of Faster, Smarter Criminals Read more
- ING: Why “Autonomous AI” Is Misunderstood Read more
- Money Sent to Romance Scammers Jumps 37 Percent in a Year, as TSB Warns Public of Victims Trapped in Relationships Spanning Months Read more
- Sixfold Raises US$30 Million Series B to Build the AI Underwriter Read more
TNS Completes Acquisition of BT Radianz
Transaction Network Services (TNS) has completed its acquisition of BT’s Radianz business. The deal brings together two long-standing providers of financial markets connectivity and expands access, reach and service capability for institutions worldwide.
Teciem Launches With Significant Investment to Grow and Innovate Treasury and Capital Markets Software Solutions
Teciem launches today with a mission to grow and innovate across its proven portfolio of treasury and capital markets software solutions, putting customers’ evolving needs at the centre of everything it builds and delivers. The Apax Funds are committing to support the new company following the completion of the purchase of Finastra’s Treasury and Capital Markets division. The investment will allow Teciem to deepen its focus on product development while growing and nurturing expert talent across the business.
Yaspa Becomes Founding Member of UNLV’s AI Research Hub to Advance Responsible AI Adoption in the Gambling Industry
Yaspa, a leading fintech specializing in payments and identity solutions, today announces it has become a founding member of the newly launched AI Research Hub (AiR Hub) at the University of Nevada, Las Vegas (UNLV) International Gaming Institute (IGI). This collaboration underscores Yaspa’s commitment to integrating next-generation financial technology with academic research to foster a safer, more sustainable gambling environment.
Arcesium Acquires Limina to Deliver a Unified Front-to-Back Investment Platform
Arcesium, a leading global financial technology provider to the investment industry, today announces its acquisition of Stockholm-based portfolio and order management (P/OMS) systems provider, Limina, creating a full front-to-back operating platform tailored to the unique needs of asset managers, hedge funds and asset owners. Through the integration of Limina’s P/OMS with Arcesium’s middle- and back-office solutions, the combined offering will be designed to eliminate legacy fragmentation and connect siloed data, providing investment managers with the speed and insight they need to operate intelligently across asset classes and global markets.
Finastra Enhances Commercial Loan Origination with Cloud-Native LaserPro Evaluate
Finastra today announced the launch of LaserPro Evaluate, a modern, cloud-native solution designed to streamline commercial loan workflows
FICO and Tech Mahindra Partner to Accelerate AI-Driven Decisioning and Core Banking Transformation
FICO has entered a global partnership with Tech Mahindra to help BFSI organizations accelerate value creation through AI-powered decisioning and advanced analytics
Thunes Named a Leading Fintech in Singapore by Tech in Asia and Statista
Thunes, the Smart Superhighway to move money around the world, has been recognised in Tech in Asia and Statista’s first-ever Singapore’s first Top Fintech Companies list.
How Freedom Holding Corp Turned Technology Foundations into a Scalable Fintech Ecosystem | Freedom Holding Corp | The Fintech Show #161
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
ComplyAdvantage Fintea Chats: Fighting Financial Crime in an Age of Faster, Smarter Criminals
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
ING: Why “Autonomous AI” Is Misunderstood
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Money Sent to Romance Scammers Jumps 37 Percent in a Year, as TSB Warns Public of Victims Trapped in Relationships Spanning Months
TSB’s latest report into romance fraud shows that money sent to scammers jumped by 37 percent in a year
Sixfold Raises US$30 Million Series B to Build the AI Underwriter
Sixfold, the AI underwriting Insurtech trusted by global insurers, has raised US$30 million in Series B funding
Wonder Raises USD 12 Million Venture Debt from HSBC Innovation Banking to Drive Growth and Expansion
Wonder, a leading fintech and payments platform for merchants in Hong Kong and APAC, announced it has raised a USD 12 million venture debt from HSBC Innovation Banking in Hong Kong
PPRO Partners With Scalapay to Unlock Access to Millions of BNPL Users in Southern Europe
PPRO and Scalapay today announced a partnership to expand access to BNPL across key European markets.