Mobile applications are a modern alternative to Internet banking, only more convenient. With a good internet speed, users can solve any problems related to paying bills, shopping, generating account statements and so on on the go. Large banking institutions offer customers the opportunity to install utilities for portable devices with which they can manage current accounts, carry out payment transactions and monitor previous transactions. Therefore, mobile banking app development has become an important area of activity for IT companies.
Programs for portable devices, developed with the help of banks, have a very extensive set of functions. The list of available options usually repeats the capabilities of the Internet banking site. Customers can make transfers, receive notifications when funds are received, exchange currencies, collect information about completed transactions, and communicate with the organization’s technical support representatives.
Mobile banking services include:
If you want to know what other functions can be performed by mobile applications of the fintech segment, check out the FireArt Studio cases.
Configuring the utility will allow you to:
For Windows portable hardware, many banking institutions are reluctant to develop applications. This is due to the fact that, as a rule, the sites of organizations are sharpened for the capabilities of desktop operating systems. In addition, the development, updating and maintenance of utilities implies an increase in costs, so banks are customizing applications only for the needs of owners of Apple devices and numerous portable devices running on the now extremely popular Android platform.
The only real danger to users of mobile banking applications is security holes that threaten the accidental transfer of classified information into the hands of cybercriminals. As in the case of Internet banking, experts recommend that owners of portable devices with installed banking applications pay attention to the authorization process. In addition, do not forget about the use of complex passwords and user recognition using a fingerprint scanner.
The security of financial transactions and confidential information is ensured by:
Reducing the risk of unauthorized use of a mobile application implies protection against remote hacking by spreading spam, viruses and spyware that get into the phone when infected utilities are installed. To reduce the likelihood of transferring details, in particular card and current account numbers, as well as personal information or secret information related to financial transactions, it is recommended to refuse to install unverified programs. We’ll have to use antivirus software and constantly update the accompanying software, including the components of operating systems.
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