Analysis

April 27, 2020

Digital bank signups dive in lockdown

2020 is poised to hit retail banking apps across Europe, data shows.


Isabel Woodford

6 min read

Nikolay Storonsky, Revolut CEO

Europe’s top challenger banks saw a drop in digital downloads last month in a sign that the coronavirus lockdown may be negatively impacting business. 

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Data showing the rise in monthly sessions generally on finance apps. Digital banks buck this trend.
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The Lloyds website on April 9th. Business bank apps might benefit from incumbents being overwhelmed.
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