Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Hurdles for mobile banking solutions

By Angel Subscribe to RSS | March 1st 2012 | Views:
loading
 
  



As customers have started using handsets to make the best use of banking services offered by financial institutions, banks are eager to find the mobile solutions to offer unparalleled services. In this scenario, banking software companies are called upon to build ideal mobile banking solutions, which allow financial institutions to cater to the demands of end users. But, there are hurdles that ought to be cleared by the software company that aims to build good solutions for banks.

Devices

With handsets luring the attention of the general public, there has been a steady growth in the introduction of new devices. As customers make use of different types of mobile phone devices, mobile banking services should be made available on all these devices. The banking software companies ought to consider this significant aspect before they set out to build ideal solutions for financial institutions. Before bringing out a sophisticated application, features supported by the handset, as that of SMS, a WAP browser or Java ME have to be taken into consideration to achieve the desired results.

Security

When Banking software companies strain at the leash to introduce mobile banking solutions for banks, there are several other features that demand the attention of the company that wants to build an ideal tool. Security pertaining to financial transactions happens to be a significant feature that needs to be weighed by the software organization. Various features like encryption of data while it gets transmitted over air, password authentication, and encryption of data as when it is stored in a device, among the other important features arrest the attention of the company.

Reliability

In unveiling such mobile services, financial institutions strive to meet customer demands and offer unparalleled services to customers. But, when customers make good use of these services, their expectations tend to grow, as banks ought to be prepared to meet the growing expectations of customers. Banks gain customer confidence only when its performance is good, as it also becomes a reliable source that earns approval from customers. This is also a feature that needs to be considered by software companies when they strive to bring out the best mobile solutions for financial institutions.

While a software company is eager to bring out the best mobile banking solutions, it has to take note of important aspects that can impact the solution, to make sure that the company achieves the desired objective.

Angel - About Author:
Bank-companion.com provides mobile banking solutions which enables banks, community banks and credit unions to provide their customers with 24/7, anytime anywhere banking. The result is a secure and scalable platform that helps your organization to increase loyalty, acquire new customers, cross-sell products plus much more.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/software-articles/hurdles-for-mobile-banking-solutions.htm

Related Software Articles Subscribe to RSS

Pre-packaged solutions from banking software companies – Prime success factors
Published by Angel on July 31st 2012 | Software
Financial institutions have started using pre-packaged products introduced by banking software compa...
 
Mobile Application Development- Blooming passion in mobile world
Published by Isol on January 9th 2012 | Software
Mobile application development has gained a lot of importance in the recent as users of mobile phone...
 
BlackBerry as Mobile banking device
Published by Anand Kumar on April 20th 2012 | Software
BlackBerry devices are the lesser preferred lot in mobile banking technologies. The RIM’s efforts ...
 
HTML5 developers are looking for a great mobile web apps channel
Published by Shaz Memon on August 13th 2012 | Computer
Cross-platform HTML5 games are emerging, but cannot find a good publishing channel on mobile....
 
Are mobile banking service providers able allies of financial institutions?
Published by Angel on April 26th 2012 | Software
To afford convenient banking service, banks have started introducing mobile banking solutions to ear...
 
Essential things to know about mobile app development
Published by Angel on December 1st 2011 | Software
Mobile applications are growing rapidly and are really very useful for entertainment as well as busi...
 
Basic overview of mobile application and its applications
Published by Sybrant Technologies on January 23rd 2012 | Software
Mobile application is a software application configured for low power handheld device like Iphone, s...
 
Queries on mobile banking services that taunt customers
Published by Angel on March 20th 2012 | Software
Financial institutions are offering mobile banking services to offer good services and to earn custo...
 
Mobile banking services - to get rid of unsavory customer experience
Published by Angel on April 12th 2012 | Software
By introducing mobile banking services, financial institutions take the right step to offer unparall...
 
What should a programmer consider before embarking on mobile website development program
Published by Angel on January 20th 2012 | Software
The programmer who plays a vital role in mobile website development projects should take note of imp...
 
What should a programmer consider before embarking on mobile website development program
Published by Angel on January 20th 2012 | Software
The programmer who plays a vital role in mobile website development projects should take note of imp...
 
Run the popular mobile apps on your Windows PC
Published by James Gini on February 21st 2012 | Software
The increasing in the processing power of mobile devices and the development of smartphones and tabl...
 
A mobile application for constant Social networking activities
Published by Anand Kumar on December 12th 2011 | Software
If you are a social media enthusiast or you constantly are in the habit of uploading photos then thi...
 
Robust health care mobile applications exclusively available for free in the iphone app store.
Published by Anand Kumar on February 8th 2012 | Software
Here is the list of the major health care apps that are extremely useful in chronic disease manageme...
 
What are the advantages offered by mobile website development?
Published by Angel on December 28th 2011 | Software
With the aid of mobile website development program, a company can build an effective mobile website ...
 
Mobile banking services and the four channels
Published by Angel on May 15th 2012 | Software
To afford convenient banking service, financial institutions introduce novel mobile banking services...
 
MyNino - a must have GPS tracking mobile app
Published by Terry Littrell on January 24th 2012 | Software
The article is on the BlackBerry GPS tracking app MyNino and its various features which ensure the s...
 
Episurveyor creates surveys and seamlessly publishes them to mobile devices.
Published by Anand Kumar on January 24th 2012 | Software
Episurveyor is an open source tool that aims at creating a handheld data entry form to collect data ...
 
Augmented Reality on mobile phones is now a reality
Published by Anand Kumar on May 18th 2012 | Software
The embedded cameras in the mobile phones are the key drivers to extend the Augmented Reality applic...
 
Business Intelligence gearing up to go mobile
Published by Anand Kumar on March 30th 2012 | Software
The potentials of Mobile BI is known to avoid the fear of high costs and inability to achieve reason...