Citi’s brand-new iPhone application takes a significant step forward in further streamlining mobile banking with the integration of Touch ID and Apple Watch.
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Financial brands should consider adopting biometrics data-protection technology to avoid losing customers to a lack of convenience and security as usernames and passwords fall out of favor.
BBVA Compass seeks to strengthen its relationship with mobile customers with the launch of a new application that includes an action menu designed to speed up the completion of financial tasks, pushing the bank forward in the mobile space.
Most United States users of mobile banking applications no longer see passwords and usernames as secure and want devices to recognize them instead through fingerprint, voiceprint and other biometrics, according to a Telstra report.
Wells Fargo Advisors, a subsidiary of Wells Fargo & Co., brings conversations with clients out of the office and onto mobile as it expands its Smart2Go application.
U.S. Bank seeks to meet the demands of business customers who want faster, more secure payments with an update to its mobile application for commercial card accounts that adds more features from the bank’s electronic payment management system.
Chase is meeting consumer demands for streamlined security features while offering faster, more convenient banking service by enhancing its mobile application with Touch ID authentication for iPhones 5, 6 and 6 Plus.
Mobile’s effectiveness in the banking sector is becoming indisputable, as deposits of physical checks decline and more consumers to turn to their smartphones for remote deposit capture capabilities, which are projected to account for approximately 33 percent of retail bank deposits by the end of this year and 50 percent by 2016, according to a report from Celent.
E*Trade Financial Corporation’s quarterly tracking study revealed that 31 percent of participants would like to use a wearable device for monitoring portfolios, displaying that although banking and financial industries have made considerable strides in mobile, wearables present an untapped market.
Anheuser-Busch Employees’ Credit Union is striving to simplify and streamline the handling of financial transactions for its more than 117,000 members by offering mobile banking services.