Finance is one such industry where the relevance of mobile apps is impeccable. Any activity happening in a given segment of this industry needs to revolve around providing security to the data of all the stakeholders, along with ensuring a high amount of transparency of what happens in each transaction’s processing. Mobile apps provide just that by way of getting regular updates and notifications of each stage of a given transaction. In addition to this, most of the bank-related functions can now be performed without the physical presence of any of the concerned parties.
It doesn’t come as a big surprise when various segments of the financial industry like banks, insurance companies, real-estate firms, and investment companies are now making use of mobile app development services that are being provided by mobile app development companies for creating customized finance apps. A finance-based app helps users in keeping an eye on everything ranging from their bank account details to their personalized investment portfolios.
Examples of such kinds of mobile apps include mobile banking apps, payment apps, personal finance apps, real-estate apps, stock market apps, and many more.
The different ways through these apps benefit the end-users of the services being offered are as follows –
- Mobile banking apps
One of the biggest revolutions in the banking industry is the introduction of mobile banking apps, which eliminates the need for account holders to go to banks for conducting financial transactions. Users can open a new bank account, check account balances, view transaction summary, pay bills, transfer funds, etc. via mobile banking apps. Mobile Banking is much secure as compared to internet banking through browsers.
- Payment apps
Payment apps facilitate users to make all sorts of payments digitally, anytime, anywhere. It stores the bank and card details of the users for making the payment process faster and simpler. This ultimately eliminates the need for users to carry their cards or cash for doing payments.
- Stock market apps
Looking into the increasing number of stock traders and investors, many apps have cropped up that cater to the provision of all sorts of information relating to stock markets. These stock market apps provide push notifications, real-time alerts of stock market fluctuations, market behavior predictions, details of stock data in real-time, statistical figures of the rise and fall of share prices, currency overview and global indexes and much more to all its users.
- Real estate apps
Real estate agents often find it difficult to get hold of the data of home-buyers and sellers as well as contacting them on a frequent basis. But now with the emergence of real-estate mobile apps, property dealers and agents can easily reach out to their potential buyers and sellers 24X7. Moreover, people searching for homes of their choice and requirements can do so at their own convenience, regardless of the place or time.
Mobile apps have helped various players in the financial sector in diversifying their services to customers located across the globe. This has made day-to-day transactions happening in this sector much more seamless, efficient, and less time-consuming for all the parties involved.
