Mobile Banking Trends 2014

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Mobile Banking Trends 2014
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Innovative Technology

• Game-changing magic of the technology paves way
  for real-time access and simplicity in banking
  interactions through Mobile Banking
• In developed economies,
• banks operate in highly competitive environments,
  increasingly challenged to differentiate through
  products and pricing

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Innovative Technology

• Banks seek out innovative technologies to help
  them
• build a stronger relationship with their
  customers and
• increase customer loyalty, while controlling
  operational costs

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Price and Infra Advantage

• The infrastructure is there to multiply mobile
  banking usage
• Well-priced smart phones and high-speed 4G in
  more neighbourhoods

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Click with your Smart phone

• smartphone camera has been a key to mobile
  bankings rapid adoption
• First iPhone, in 2007 shipped with 2 MP camera
• Recently shipped iPhone 5S has 8MP camera
• Picture Pay, where consumers can pay a bill by
  snapping a picture of it

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Digital Wallet the Challenging Part

• Consumers, financial institutions, merchants,
  smart phone makers
• still others have to be brought on board in
• this
• game changing endeavour of
• phone replaces the plastic card

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Smarter and more personalized

• Integral to wallet adoption will be
• inclusion of rewards and discounts as the phone
  becomes the delivery tool
• A digital wallet will be substantially
• smarter and more personalized
• than a plastic card in a leather wallet

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A singular payment Application

•  
• Mobile wallet allows consumers to
• store and manage
• their credit, debit, prepaid and gift cards on
  their
• smart phone
• using a
• singular payment application

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A singular payment Application

• No need of carrying around a stack of physical
  plastic cards
• swipe phone or tap the screen,
• a payment can be easily made

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Conventional Apps

• Most banks today have comprehensive suite of
  mobile apps that enable customers
• to check account balances
• pay bills
• transfer money between accounts
• receive information about new products/services,
  fraudulent activities

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Advanced Apps and Technology

• Biometrics 
• fingerprints, eye scans, voice prints for user
  log in authentication
• Image Banking and Remote Deposit Capture(RDC)
• customers can scan their checks
• and the image is immediately transmitted
  to the bank

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The economic factor for Banks

• key reason that top banks across the globe are
  investing in mobility is that
•  finding the economics of
• operating many physical branch locations
• prohibitive

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Geo - Mobile Banking Usage
Turkey tops in internet banking, with almost 50
participation
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Age - Mobile Banking Usage

• younger aged people tops in this list

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Competitive Advantage

• Banks will continue to invest in technologies
  that give them a
• competitive advantage
• and
• enable them to
• reach the modern consumer
• We can help you
• CR2 Mobile Banking Solution Providers
• Brought you
• BankWorld Software Solutions

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Thank You
www.cr2.com
Multi Channel Banking Solutions