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This week’s reveal: prior to March 2020, I had never used the mobiledeposit feature of the banking app on my phone. Since then, I’ve deposited nearly a dozen checks using this nifty capability. Second, after I figured out how to use mobiledeposit the first time, I asked myself, “Why did I ever go to the bank?
Consumers are taking “mobile to the max” by using their phones for mobiledeposit, contactlesspayments and person-to-person payments. Mobiledeposit and money transfer, just two of the powerful features of today’s mobilebanking apps, make it much easier for people to move money.
FINN AI (acquired by GILA): AI-powered financial assistant, continues to gain traction with major banks. Jiffee (by Neontri) : Contactlesspayments via mobile, increased adoption in retail environments. Dynamics: Continued to develop advanced payment cards with embedded technology.
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