Unlike traditional money management tools, Banno’s Grip raises the industry standard for mobile banking by providing real-time decision support. The mobile app was updated last fall to offer pretransaction insights derived from location, enabling consumers to augment their purchase behaviors. Grip added bill payment and remote deposit capture functionality, and still offers the most demanded mobile reporting for aggregated account and transaction data across institutions,
including balance inquiries, transaction listings and notifications of account limitations.
Grip is relevant for today’s community because:
1. It combines mobile banking, financial decisioning analytics and mobile bill pay into a single experience.
2. It requires no core integration, making it quick and cost effective for any financial institution to deploy.
3. It enables banks to brand and offer a mobile app that aligns with how the masses intend to use mobile devices. Its answers questions like ‘Where did my money go?” and “How much can I spend?” plus provides the power to execute transactions.
4. It gives financial institutions access to metrics that can analyze their activities and predict future volume, enabling them to better plan and adjust accordingly.