Due to the advanced technologies entering the banking sector, banks have introduced a new way of banking through their mobile banking apps to help people access the bank much easily. It is more convenient to bank online through the app as people could carry out their bank-related functions with a few clicks on their mobile phones.
You just need a working device such as mobile phones, tablets, etc. and has a stable internet connection to access the app. The app is very easy to use and provides you with additional features that you could avail of while using this app. Here are a few of these features that you could avail of while banking online through the bank’s official app.
- Customize the app
You could customise the bank app according to your needs and requirements. This helps you in placing the services that you generally require at the top so that you find the service easily when you need it. This allows you to bank online easily through the app and not face many inconveniences as you would not be needed to search the service when you need the service in an emergency.
- Shop through the app
You could shop online through the bank’s app. Most banks are generally associated with various brands and offer their users various discounts and cash backs when they shop with the bank’s app. Some banks even provide you with discount coupons while you bank online through the bank’s mobile app. You could easily place your order through these apps without facing any inconveniences. In case you face any inconvenience while placing your order, you could call customer service to solve your problems.
- Invest in mutual funds or fixed deposits
Planning about investing in mutual funds or fixed deposits for your future but do not have time to visit the bank to do so? The bank’s app does not only allow you to bank online but also allows you to invest in mutual funds or fixed deposits. You could easily use the app and invest in the mutual funds of your choice in a few simple steps. The bank allows you to open a DEMAT account from which you could invest in various mutual funds. It is advisable that you research about mutual funds or check the interest rate provided by the bank before investing in them.
- Apply for various services
You could apply for the various services such as issuing credit cards, debit cards, etc. offered by the bank. FASTags could also be issued in a few simple steps using the bank’s mobile app. There are various loans that some banks allow you to avail of through their mobile apps. You should research on these loans before availing of them. The bank may require a soft copy of your documents which you would be needed to submit while availing of these loans.
You should check for additional features the bank’s app provides its users while choosing your bank.
We hope that this article proved to be helpful and you avail of these additional features while you bank online through the bank’s mobile app. Thank you!
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These days we tend to do everything on our phones.
Mobile banking could be free, convenient thanks to continuing along with your finances.HERE ARE THE 5 BEST REASONS TO TRANSFER YOUR BANK INTO MOBILE BANKING APP.AvailabilityThere are not any hours of operation or brick-and-mortar necessities with mobile banking.
Customers will check their account, move money, pay bills, and additional at their convenience, 24/7, where they’re.PaperlessNo one enjoys obtaining bank statements within the mail.
With mobile banking, customers do not receive direct mail from their bank.
Not solely is it sensible for the trees, it’s safer, as a result of you’re not having to cast away sensitive info into the trash.ControlMobile banking makes it very easy to own complete management over your finances.
you’ll monitor your balances and move cash between accounts to avoid draft fees.
We are living more and more of our lives online every day.
Banking is certainly following this trend.
In the US, more than 70 percent of people do at least some of their banking online.
More than half of all web traffic now comes from mobile devices, and traffic to financial institutions isn’t far behind.The general consensus is that while the risk is low when it comes to banking, security does depend to some extent on consumers—many of whom don’t do what they should be doing to keep their phones safe from attack.
As a result, experts say, banks could do a better job educating consumers about cybersecurity issues.
The Wall Street Journal invited three experts to discuss these issues: Joseph Carrigan, a senior security engineer at Johns Hopkins University; Emmett Higdon, director of digital banking at Javelin Strategy & Research, a subsidiary of Greenwich Associates; and Peter Wannemacher, a digital banking analyst at consulting firm Forrester Research.Is Mobile Banking Safe?
The point here is to have a better understanding of evolution and the more recent revolution — how financial institutions handle the huge amount of paperwork and other things that flow throughout their organizations.“Enterprise content management in financial institutions began to take shape in the 1980s, and the boom of check-writing led to large electronic image archival systems that could process and retrieve check images and statements,” said Coomes, a content management expert.
“As imaging has enhanced a routine, banks have moved to smaller, internal management archives where they can store cold reports and other documents related to core account processing, such as teller receipts, deposit slips, and non-check images such as signature cards.”Document management technology continues to mature, adding the ability to manage different document types, allocate retention periods, and secure documents.
Other technologies will soon be added to enhance functionality such as capture and optical character recognition, business process management, and digital distribution.
With this maturity, document management shifted into enterprise content management — and it soon expanded between companies, from businesses such as loans and insurance to internal operations such as compliance and human resources.The definition of Enterprise Content Management has been evolving in recent times as financial institutions have to deal with ever-increasing amounts of information, more compliance orders, and more demands on their organization’s IT departments to handle these requirements.“Financial institutions see enterprise content management as a document management archive that essentially serves the core account processing platform,” is changing, as more and more financial institutions are approaching ECM as an integrated platform that sits within the organization and serves.
It describes three trends affecting the future of ECM:“Workflow automation, data filtering, and dashboard reporting tools are built into more robust ECM products that allow you to create layered applications on an already installed base ECM infrastructure,” he says.It points out that many financial institutions begin by changing a paper-intensive business process, such as processing, pay-as-you-go accounts, or commercial customer on-boarding, and then move on to other areas quickly realizing the potential value and addressing other business processes.1.
It includes PDFs, Microsoft Office files, audio, XML, video, HTML, annotations, checklists, workflow logs, physical record locators, and content history.2.
