Eternity Law International News How to develop a mobile bank?

How to develop a mobile bank?

Published:
May 6, 2021
Share it:

All over the world, millions of people of all ages use mobile banks. If your bank still does not have a mobile application, then soon the clients cooperating with you will go where there is such an application. So, how to develop a mobile bank and provide even more convenience for your client?

Modern technologies: how to develop a mobile bank quickly and get a high-quality product?

In the mobile application, you can perform any operation: transfer money from one account to another, replenish a mobile account, pay services, check your account balance and much more. The main advantage of using a mobile banking application is that, as a rule, the phone is always at our fingertips, and all operations can be carried out literally within a few minutes. That is why, if you want to get even closer to your client and ensure a fruitful interaction with your bank, you should think about how to create a mobile bank. We will help you with this.

Today, a mobile application is turning from an ordinary tool into a modern, new, convenient and, importantly, an inexpensive channel connecting the bank with its clients. What are the advantages of having a mobile application and why consumers, regardless of whether they are individuals or legal entities, choose banks that provide mobile banking services?

  1. Simplicity in the implementation of monetary transactions.
  2. Convenience when making regular payments.
  3. Simple authentication process while maintaining a high level of communication security.
  4. Constant transparent control of the turnover of your finances.
  5. Facilitated workflow.
  6. Convenient interface and flexible settings.
  7. Ability to have access and carry out any operations anywhere and anytime.

Many banks have already understood the full importance of having a mobile application, now it is up to you. Your task is to create such a mobile application that would be liked by all users, it would be convenient and understandable, and at the same time, safe. Among other things, the main aspect in this is attracting a team of experienced and reliable specialists who want to implement any of your ideas with high quality and within an acceptable period. We are always ready to help you and offer our professional services for creating a mobile bank.

How to make a good mobile banking app?

Thinking about how to create a mobile bank, you should not recklessly decide to transfer all available Internet banking functions to the application. The mobile application should be such that the user, in any weather conditions, even with several bags in the hands, can quickly perform this or that operation and check the account balance.

It would be more expedient to add to the mobile application only the most necessary options that can really come in handy in everyday life: checking the account status, the ability to transfer funds between cards of the same bank, and between cards of different banks, the function of quick account replenishment, payment of utilities, other. A nice addition would be the ticket booking function, which will also demonstrate to the client that you care about him/her.

It should also be noted here that a person, as a rule, transfers money to a certain circle of other people on a regular basis – mother, wife, brother, etc. Therefore, if the user is asked to use a ready-made template for payment, he/she will only thank his/her bank for this is. It is also worth adding here the ability to save card numbers to which funds have ever been transferred. It will also help speed up transactions significantly.

Mobile banking of the XXI century

A bank is no longer just a piggy bank with money or the place where you can come and take a certain amount. Banks are slowly turning into our companions who accompany everyone on his/her life path – today you received money from the bank to buy a car, tomorrow you took out insurance on favorable terms, and the day after tomorrow you bought a cheap ticket.

A mobile banking application is a bank’s ability to make the use of its services for a client even more convenient and as accessible as possible. This is the presence of unique metrics, a loyal approach and new ways to monetize a huge customer base that has installed and evaluated your application.

Our team will help you gladly and professionally to implement this idea. We know how to create a mobile bank, and for many years, we have been applying our knowledge in practice, which allows us to obtain a high-quality and reliable product that will become a close companion for your customers and a source of stable profit for you.

Table of contents

You could be interested

New payment services and financial data access package proposed by the European Commission

The European Commission has actually uncovered an aggressive suggestion highlighted reshaping the cash related organizations scene inside the European Association. This extensive pack attempts to introduce innovative portion organizations, further foster permission to cash related data, and address emerging monetary entryways, including payment institution for sale and payment business for sale. Monetary Innovations In an...

Company registration in Ukraine

Registration of a company in Ukraine is getting easier every year. Company formation procedure The first stage in setting up a company in Ukrainian jurisdiction is entering it into the Unified State Register. This can be done by submitting an application to the state registrar working in the zone where the legal entity will operate...

Offshore bank license in Cayman islands

The Caymans have acquired the status of an important financial center in their region. Despite their compact size, many banks and financial institutions, including international ones, are concentrated here. In recent years, the islands have become a popular location for digital asset businesses, attracting numerous cryptocurrency exchanges and other firms in the space. Despite its...

Payment License in Czech Republic

Several time ago, certain amendments and additions were made to legislative basis regulating payment mechanisms in Czech. Provisions of Law 370/2017 demonstrates new duties regarding firms with status of e-money operators or issuers. These points have become a supplementation to already acting rules adopted at the level of local legislation and EU Directives norms having...

Overview of an AEMI and EMI license in the UK

In the UK, it is legally permitted to form a company in the sector of finances and acquire an appropriate authorization from the FCA, which authorizes you to establish an e-money business in lesser than one year around the globe, open IBAN accounts, become a member in SWIFT and SEPA, and offer cards. The holder...

Data protection and GDPR compliance in AI solutions

Technology is no longer the future, but the present. Especially when it comes to AI or, if formally, Artificial Intelligence. From chatbots to autonomous solutions in banking and medicine, artificial intelligence covers almost every sphere. But the deeper we go into the world of algorithms and smart platforms, the more important it is to remember:...

Related posts

Obtaining gaming license in Nevis 2025

In the last 12 months, Nevis has emerged as a powerful draw in gambling. In the Caribbean, the island’s warm climate means that you can both work and live happily there, but from now on you’ll be rich. It features a series of uncorrupted juridical structures, easily-passed licensing channels, and an incredibly competitive tax backdrop....

Opening a business in Turkey

Turkey occupies a liminal position between Europe and Asia, making it a pivotal trade and investment crossroads. A dynamic economy and a huge local market draw entrepreneurs from around the world to the country. Understanding the local legal and financial landscape is the first step for those looking for opening a business in turkey. This...

GmbH vs UG: Credibility Premium vs Capital Efficiency for Early-Stage Teams

This is where the rubber meets the road for founders in Germany who are ready to incorporate their first company. They must choose between two very popular modes. GmbH or UG are both limited liability companies under German law that offer both forms of personal protection for shareholders and work within somewhat similar statutory frameworks....

Liquidation of companies in Cyprus

Key components in sustaining the attractiveness of the island in question as a nation for businesses include the tax system, EU membership, and corporate legislation. Termination is the last resort for a firm sometimes. It is crucial that in such a process, members of the board, investors, and advisers have exposure. The paper gives simple...

From Share Purchase Agreements to Smart Contracts: Redefining Legal Frameworks

The world of corporate deals has always had its drama. Negotiations, long documents, endless edits, lawyers from both sides who spend weeks agreeing on every comma in the Share Purchase Agreement. But imagine a completely different picture: instead of a ton of tribulations on the way to perfection, there are a few lines of code...

Argentina Corporate Tax Explained

To investors and entrepreneurs eyeing Argentina, navigating the country’s corporate taxation sphere isn’t just a bureaucratic hassle; it’s a key step to building a viable and compliant business there. The fiscal regulations are not perfectly committed, but this region is rich in detailed tax laws that are quite well crafted towards control and digital verification....

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Fill the blank: