Nov. 13 - Significant transformation is occurring within the tech sector and financial institutions. In 2012, we saw mobile used in banking more than ever before. From applications that allow for deposits of checks via a mobile device, to gift cards being redeemed with a cell phone, mBanking is shaping up to be the next big innovation within the world of personal finance.
Financial institutions are using mBanking to increase revenue through utilizing their maximum value in assets. Because of these emerging technologies, there is a decreasing need for physical branches. This is beneficial for a bank’s clientele because leveraging technology to service a customer’s daily banking needs allows for a more personalized service when an individual needs to complete a transaction in a branch.
Continuing with the increasing innovations within mBanking, Avenue Code is gearing up to develop an application that allows for wireless withdrawl of funds from ATM machines. The app utilizes a smartphone, as opposed to a debit card, to allow for the transaction to occur. Avenue Code’s VP of Global Services David Bealby says, “We are really excited to help pioneer this new technology for financial institutions. It is the next trend in mBanking.”
About Avenue Code
Avenue Code is a full service information technology consulting and development organization that specializes in Agile Methodologies and beyond. With a breadth of experience in eCommerce, distributed and offshore development and management consulting, Avenue Code has the expertise for targeted solutions. Our solutions help our clients build sustainable success.