Apparently in Europe, managing your account(s) can be a hassle -- which is where this online banking app comes in. Based in Germany, Number26 is Europe's fastest account-opening service. The startup makes managing banking facilities easier in part through online notifications and bank statements in real time.
The online banking app allows users to sign up for a new account in five minutes. The process involves filling out a form on the Number26 site before a video chat is established to verify the user's identify. Those applying can use their webcam to show their passport and answer some simple questions. After the set-up is finished, the Number26 app can be used to manage accounts, make payments, cancel cards and more.
Hassle-Free Banking Apps
The Number26 Online Banking App Makes Managing Bank Accounts Easier
Trend Themes
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Online Banking Apps — The growth of online banking apps, like Number26, presents opportunities for mobile banking disruptive innovation.
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Real-time Notifications — With users now able to receive real-time notifications through their banking apps, disruptive innovation can be used to incorporate new services in real-time.
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Video Chat Identity Verification — Incorporating video chat identity verification in banking apps presents new opportunities for disruptive technology improvements.
Industry Implications
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Banking — Number26 and other online banking apps are disrupting the banking industry by making account management easier through the use of innovative technology.
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Mobile Payments — With the ability to conduct mobile payments, banking apps are also disrupting the mobile payments industry.
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Digital Identification Verification — The use of video chat for identification verification in banking apps presents opportunities for disruptive innovation in the digital identification industry.