Banking App Ranking Offers Compound Interest
If you find digital banking apps interesting, PYMNTS’ latest digital banking app provider rankings will offer compound interest. This month’s top 10 features 17 competitors, many neck and neck.
This total is made possible by tie scores, including two places in the leaderboard that are each shared by four competitors.
There are plenty of apps to look at, so let’s dig into the numbers.
The Top 5
Chime ranks first. After sharing the #1 designation last time, this app added two points to its score for a perfect 100.
Two points behind is Nubank, who shared the top spot last month but has now slipped to No.2.
Similarly, Revolut is two points behind the competitor ahead of it and has fallen one level since last time.
Continuing the trend, Monzo is down one level since last seen. With a score of 95, that’s just one point behind the app in front of it.
Starling Bank has also slipped one position in the rankings since last month. This app registers with a score of 86.
In another one-level drop, KOHO dropped to sixth place.
With scores tied at 83, two contenders share seventh position in the standings. Current has lost two places since the last time while Dave has lost one.
There is another tie at No. 8, with four competitors each scoring 70. Tangerine is down a tier from last seen, Commercial Bank of Dubai and Wirex also shared that spot last month, and Mashreq Neo went up two levels.
In ninth position in the ranking is N26, which has slipped two levels.
This month’s top 10 close is another four-way tie. book. The United Arab Emirates are down two spots since last time, Empower and Up are down one spot, and Monese remains where it was.