What are the latest trends in banking?

Recent Trends in Banking 2021

• Phone Banking.
• Blockchain Integration.
• Quantum Computers.
• UPI (Unified Payments Interface)
• Biometric Verification system.
• Hybrid Cloud Technology.
• Electronic payment and settlement system.
• Data & Personalisation.

What activity is most popular on mobile banking?

The 8 Most Common Mobile Banking Activities by your Members

• Checked an account balance or checked recent transactions – 94\%
• Downloaded mobile banking app – 71\%
• Transferred money between accounts – 61\%
• Received an alert (ie, text message, push notification) from the financial institution – 57\%

What are the top 3 features offered to customers through online and mobile banking?

What are the features of Online Banking?

• Use Zelle®
• Use Bank-to-Bank Transfer.
• See your account transactions and history>
• Pay bills without writing checks.
• Transfer money between your accounts.
• Sign up for paperless statements.
• Set up account alerts and reminders.
• View images of processed checks.

What are the features of mobile banking?

Must-Have Mobile Banking App Features & Benefit

• Intuitive Interface and Ease of Navigation.
• Personalisation.
• Customer Service Options.
• Alerts and Notifications.
• Secure Sign-in.
• Digital Payments.
• Peer to Peer Payments.
• Regional Language Choice.

What is new in digital banking?

The new-age influential technologies such as robotic process automation (RPA), artificial intelligence (AI), Internet of Things (IOT), blockchain and shared infrastructure are set to drive profound changes in the banking landscape.

What are the types of mobile banking?

Types of Mobile Banking Services

• Mobile Banking over mobile applications (for smartphones; e.g. SBI Yono and iMobile by ICICI Bank, etc.)
• Mobile Banking over SMS (also known as SMS Banking)
• Mobile Banking over Unstructured Supplementary Service Data (USSD)

What 3 banking activities do most consumers use online banking for?

Based on online banking users’ statistics, the most common activities include transferring funds, paying bills, depositing funds, and updating account information.

What are three features of mobile banking?

Transactions through mobile banking depend on the features of the mobile banking app provided and typically includes obtaining account balances and lists of latest transactions, electronic bill payments, remote check deposits, P2P payments, and funds transfers between a customer’s or another’s accounts.

What are some features of online and mobile banking?

15 features your online banking & mobile app should have

• Up-to-date account activity.
• Check account balance.
• Account-to-account transfer.
• Person-to-person transfer.
• Bank-to-bank transfer.
• Mobile deposit.
• Cleared check images.
• Online bill pay.

What are the top 3 features you would love to see in a mobile banking app?

Essential features for a mobile banking app

• Simple yet secure sign-in.
• Bank account management.
• Intelligent chatbot for customer support.
• ATM locator.
• QR code payments.
• Alerts and notifications.
• Tracking spending habits.
• Cash back.

What are the benefits of mobile banking?

Here are some of the biggest benefits of using mobile banking in 2021:

• Accessing the bank 24/7.
• Optimizing your money.
• Paying IOUs.
• Strengthening security.
• Providing added controls.
• Offering clarity of where your financial data is going.
• Giving you tailored options.