FinTech Insights Blog | FinTech Insights

Beyond banking: Can bank apps boost engagement by going the extra mile

Written by Panagiotis Koutroumpis : Head Analyst at FinTech Insights | May 15, 2025 7:47:09 AM

Would you buy cinema tickets, book a hotel room, or get your mobile data plan from your bank?

With competition fiercer than ever, a growing number of banks are going beyond banking — and even beyond banking-adjacent products like insurance — and offering products you wouldn't normally expect from them.

But are these initiatives moving the needle when it comes to boosting loyalty and engagement, or a distraction from what really matters: seamless, personalised, and digital-first banking experiences?