Banking & Financial Services

Industry Trends and Challenges

According to a study by financial consultancy Celent, 35% of online banking households will be using mobile banking by 2010, up from less than 1% today. Upwards of 70% of bank center call volume is projected to come from mobile phones. Mobile banking will eventually allow users to make payments at the physical point of sale. "Mobile contactless payments” will make up 10% of the contactless market by 2010.

Mobile devices, especially smart-phones, are the most promising way to reach the masses and to create "stickiness" among current customers, due to their ability to provide services anytime, anywhere, high rate of penetration and potential to grow.

Current challenges in the mobile banking space are

-     Security
-     Applications look and feel
-     Carriers & banks want to own the applications to get hold of the user experience.

What we offer

RapidValue professionals provide a comprehensive solution for creating innovative applications to boost your customer’s smart phone banking experience and improving your banks productivity:

     Mobile application Strategy
     iphone application development for
         Mobile accounting
          Mobile brokerage
          Mobile financial information services
    Integration of mobile applications with backend core banking applications
    iPhone application support and development