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Mobile Banking Attracts Deposits; Does It Aid Their Exit?

Written by Kiah Lau Haslett | May 30, 2023 6:07:00 AM

Ron Shevlin, chief research officer of Cornerstone Advisors, believes a small percentage of banks will face notable deposit exits, with most banks able to keep funds stable. He also points out that banks benefited from having digital and mobile banking channels, especially in the earliest days on the coronavirus pandemic.