We live in a world where everything (or almost everything) lies within smart devices like phones or tablets. Most large banks are in this trend and have already provided users with mobile applications designed for banking as well as other financial purposes.
48% of US smartphone owners were using banking apps in 2012 and that number grew up to 54% by 2013 and the tendency remains the same as for now. More than half of smartphone owners are using banking applications and solutions and that is a lot of people and I may even say quite more than half of all your customers.
Approximately 95% of those people are using such apps to check through account balance or to make sure all went well in some recent transactions. Nearly 60%of them use apps for money transfer and 40% are using banking apps to deposit checks.
As you can see people are trusting mobile banking solutions with lots of personal data and even access to money and savings. Surely the development of such vital applications should not be mistreated. Here is several great advice you should keep in mind when considering developing a banking app.
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