We maintain the PYMNTS Provider Ranking of Digital Banking Apps to keep an account, as it were, of the ups and downs of a sector that’s gone from novel to necessary in just over a year’s time.
Then again, we’re learning that 17 months is an eternity in the digital app realm, so let’s not waste another precious moment.
Quickly now, Alfred … ready the Rank-Mobile.
The Top 5
The three-way tie at the tip top continues as the Chime, Nubank and Revolut apps each score a perfect 100 and share the penthouse suite. Incidentally, the minibar is off the chain.
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Kind of a big deal as the Monzo app gains a spot to become the new No. 2.
That gain places ranking regular Current down on spot to No. 3. Conversely, it’s still in the top 3.
No change at No. 4 as the Starling Bank app holds its ground, having just acquired Fleet Mortgages in a cash and share deal valued in the neighborhood of $69.1 million.
Same story at No. 5 where the Dave app is similarly unmoved by others’ shifting chart fortunes.
The Top 10
Below the Top 5 line it’s an odd mix of active and passive as various apps make their moves.
The KOHO Financial app sticks at No. 6 for another cycle, after coming out of nowhere last cycle.
Also unchanged is N26 at No. 7, now reportedly in fundraising talks.
Here’s an interesting tie score. Sharing No. 8 this cycle it’s the UAE’s Mashreq Neo app dropping one spot since last month — as does the Tangerine app — hence the tie.
Downward pressure in the rankings happens in waves, as we note with the Empower app dropping one spot to No. 9 this time out.
We go out on a mega-tie, as three app brands vie for that contentious No. 10 chart position.
At No. 10 this cycle PYMNTS Provider Ranking of Digital Banking Apps has a three-way tied between Liv. UAE, U.K.-based Wirex, and a new entrant, the Pepper app from Leumi Group.
That ought to hold you. Until next time, remember this: In the future, all things will be controlled by apps. Better get accustomed to it now. You’ll be ahead, and that’s never bad.
