From Fingerprint-Based Banking to Instant Money-Sharing Apps

By: Katherine Pendrill - Apr 21, 2016
As financial institutions continue to embrace mobile technology, user-friendly banking apps are becoming increasingly popular among consumers. These apps not only make it quick and easy for users to check their accounts, but they also offer convenient services that are not available at physical branches.

One of the ways that financial institutions are improving mobile banking is by making their platforms easier to navigate. On the one hand, this means simplifying the registration process by allowing users to sign up with existing account information or providing them with instructions in their preferred language. Banks have also made their apps more user-friendly with fingerprint-based login systems and video identification features.

In addition to streamlining the registration processes, banks are also offering services that allow consumers to manage their money with ease. Some of these user-friendly banking services include instant money transfers, P2P lending and access to better investing solutions. All of these services give consumers greater flexibility when it comes to managing their finances on the go.