As customers are looking for faster and more efficient means of performing transactions on-the-go, banks are turning towards newer and innovative technologies. Financial institutions are adopting mobility to achieve quicker and secure transactions, and deliver on-demand banking services. The ability to perform transactions through multiple modes is the next big thing in the banking sector. But to exploit the full potential of mobile banking, banks must look at it as an extension of online banking and not as a standard channel to perform transactions.
With the escalating penetration rate of high-speed mobile internet and feature-rich smartphones, banks are realizing the benefits of mobile banking. The migration of banking companies to the mobile platform has contributed immensely towards information-based online banking services. In some cases like online shopping and bill payment, mobile banking is displacing online banking as a proven alternative. Its synchronous nature allows rapid implementation of updates within the banking framework, while also serving as a platform for online digital marketing. Mobile banking has the potential to empower banks by adding scalability and visibility to their services and streamlining operations.
To help CCOs, CFOs, and CEOs find the right mobile banking tools and technologies, a distinguished panel comprising of CEOs, CFOs, VCs, analysts, and the Banking CIO Outlook editorial board have selected top players from hundreds of mobile banking solution providers. The companies listed here demonstrate an ability to develop innovative technologies that fulfill the burning need for cost-effective and flexible solutions.
We present to you Banking CIO Outlook’s 10 Most Promising Mobile Banking Solution Providers 2015.