With more than four billion people worldwide having utilized a mobile phone in 2017, according to eMarketeer, and growing number of millennials seeking self-service, the banking landscape is making a shift from large-scale buildings to hand-held mobile devices. Banks are adopting a complete mobile-first orientation, building a suite of mobile apps to make delivery of banking services quicker, easier, and frictionless to the customers. Mobile banking offers services as simple as notifying the usage activity or fraud to performing complex tasks of paying bills and money transfer. Mobile banking makes banking ubiquitous, accessible from anywhere and at any time.
However, mobile banking is more vulnerable to cyber security threats when compared to banking in person or via a computer. This predicament is being addressed through specialized mobile solutions that can empower banks to evade cybercrime and uniquely identify a user in a manner that is unobtrusive and invisible to the customers. Also, deploying mobile banking technologies enable banks to employ lesser manpower for personal banking and teller services that encourage cost-savings.
The banking industry continues to launch new mobile apps to meet the demand for increased functionality, and pave the way towards leveraging the unique opportunities of mobility around push notifications and payment innovations. Mobile banking continues to enable new forms of banking and commerce, transforming the banking industry.
Banks and businesses must adapt mobile banking to keep the customers happy and safe. This edition of Banking CIO Outlook features players with expertise in mobile banking solutions that you can choose from to enhance visibility, speed, and cost-effectiveness of your banking services. A distinguished selection panel comprising CEOs, CIOs, VCs, and the Banking CIO Outlook magazine's editorial board has shortlisted the leading mobile banking solution providers that are at the forefront of imparting cutting-edge solutions to meet the urgent needs of the industry.
We present to you Banking CIO Outlook's "Top 10 Mobile Banking Technology Solution Providers - 2018."