# App-Only Banks LunarWay Wants to Revolutionize Banking by Only Having an App By Hayley McGlone | Published 2016-07-18 | Tech Source: Trend Hunter, https://www.trendhunter.com/trends/lunarway References: [lunarway](https://lunarway.com/features/) LunarWay wants to revolutionize the way people bank by having people bank solely through an app. The Danish based tech company is an app-only bank that allows users to deal with all aspects of banking without ever having to go to an actual branch -- it even allows quick mobile signups. LunarWay offers users a free account and a free debit card or credit card with an account. The app utilizes biometrics to sign in on the app with a finger print reader. The app makes it easy for users to set up bill payments, users simply need to take a picture of the bill and send approval of payment and LunarWay takes care of the rest. LunarWay is aimed at the [Millennial](https://www.trendhunter.com/trends/parent-present-gift-generator) banker who wants convenience and security. The app-only banking is certainly going to challenge the "antiquated business model" and how consumers bank on a daily basis. ## Trend Insights (Trend Hunter) - Score: 1.5/10 - Popularity: 12% | Activity: 26% | Freshness: 8% - Audience gender: 50% men, 50% women - Primary generations: Millennial - Top markets: Europe ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Tech](https://www.trendhunter.com/tech) > [Mobile](https://www.trendhunter.com/mobile) ## Key Themes ### Key Themes Behind This Trend - **App-only Banking:** LunarWay's app-only banking model disrupts traditional banking by offering convenience and security to millennial users. - **Biometric Sign-in:** LunarWay's use of biometrics for app sign-ins presents an opportunity for disruptive innovation in authentication technology. - **Mobile Bill Payments:** LunarWay's feature of taking pictures of bills for easy payment approval showcases the potential for disruptive innovation in mobile bill payment solutions. ### Where This Applies - **Banking:** The app-only banking trend led by LunarWay creates opportunities for disruptive innovation in the traditional banking industry. - **Mobile Banking Apps:** LunarWay's app-only model highlights the disruptive potential in the mobile banking app industry. - **Authentication Technology:** LunarWay's use of biometrics for app sign-ins presents an opportunity for disruptive innovation in the authentication technology industry. ## Related on Trend Hunter - [Simplicity-Focused Mobile Banking Apps](https://www.trendhunter.com/trends/mobile-banking-apps.md) - [Startup Banking Apps](https://www.trendhunter.com/trends/mercury.md) - [Web3-Focused Digital Banks](https://www.trendhunter.com/trends/cogni.md) - [Banking Super Apps](https://www.trendhunter.com/trends/bankifi.md) - [AI-Fueled Finance Apps](https://www.trendhunter.com/trends/aifueled-finance-apps.md) - [Global Money-Transferring Apps](https://www.trendhunter.com/trends/hsbc-2.md) - [Comprehensive UAE Banking Apps](https://www.trendhunter.com/trends/ajman-bank.md) - [Neobank Metaverse Outposts](https://www.trendhunter.com/trends/quontic-bank.md) - [Privacy-Focused Budgeting Apps](https://www.trendhunter.com/trends/apollo-personal-finance-app.md)