Bank Systems & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Channels

11:20 AM
Matt Gunn
Connect Directly
RSS
E-Mail
50%
50%

3 Must-Have Features in a Mobile App

What are banks asking for in a mobile app? Drew Sievers of mFoundry gives his top-3.

When it comes to mobile banking, a bank can deploy a relatively simple downloadable app and satisfy customer needs at the same time. Which is probably why two of the top three functions banks are asking California-based mobile banking and payment provider mFoundry are as fundamental as the ability to check account balances and move money.

So what three mobile app features are hottest among banks right now? According to Drew Sievers, CEO and cofounder of mFoundry they are:

  • Account management

  • Mobile remote deposit capture

  • Account transfers or bill pay

    • It makes sense. Until someone figures out how to dispense cash from a mobile phone, those three things will take care of the big stuff. In the meantime, using geolocation baked into a smartphone app to find the nearest branch or cash machine remains a viable option.

    Register for Bank Systems & Technology Newsletters
    Slideshows
    More Slideshows
    Video
    All Videos
    Bank Systems & Technology Radio
    Archived Audio Interviews
    Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.
    FULL SCHEDULE | ARCHIVED SHOWS