How Finance Industry Is Leveraging On Mobile Applications?
Mobile applications are catering to operational & management needs of nearly every industry
. Be it healthcare, education, marketing, or field services, mobile apps have heavy demand in all the areas. Finance vertical is no longer untouched by the influence of mobile applications.
There are numerous mobile finance apps developed specifically to fit into the requirements of finance industry. Developers are creating apps at individual & enterprise level. Some of the mobile app development companies are specifically targeting on the finance sector because of the great growth opportunities it has.
Here are some of the areas where in mobile enterprise app development is playing a significant role:
Mobile Banking
Mobile banking is one of the most used applications. Seeing the huge popularity these apps are gaining, most of the banks are now going mobile. They have dedicated mobile banking app, where customers can login with their ids, transfer amount, check account balance, and perform various other activities they used to do on website.
Stock Market Updates
A stock market mobile application is bliss for those who heavily invest in stocks. Now, they don't have to keep themselves hooked on to the computer/laptop screen because all the updates will reach on their mobile phone. All they need is to download & install the stock market app ideal for their business.
Mobile Payment
Paying bills was never so easy. We are nowadays using mobile payment applications to pay off telephone, electricity bills in no time and within a few clicks. The application provide useful as they save us from going to the physical bill payment stores. So, you don't have to waste your weekends planning to go out for bill payment, as everything is there in your mobile device.
Personal Finance Management
There are various mobile applications to help you deal with the personal finance management things. From making a monthly budget, keeping the bills in order, bill payment alerts, to miscellaneous expenses, your personal finance management application will do everything for you.
Enterprise app development
Enterprises are also opting for mobile applications to manage their finance related issues. Once you have a mobile finance app deployed at the work place, you no longer have to indulge into too much of paper work & the entire process gets more efficient and accurate. This will result in improved productivity.
Tax Filling
Income tax departments in many countries have come up with mobile applications for filling tax. These apps are yet not much popular amongst users but soon will reach out to lot of tech savvy people who will fill their income tax returns on their mobile.
Finance sector was the early adaptor of the enterprise mobility. As per Forrester Research, more than 10 million Americans are using mobile banking technology and the number can rise to 50 million by 2015.
Security is the major concern in financial applications as users are at times required to share confidential credentials. So, it is important the enterprise app development companies involved in creating mobile finance apps check their product on stringent criteria before making it available to the end user.
by: Yancy Marry
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