Articles

Write a short overview of Mobile Banking.

by Damien Martyn Academic Consultant

You can see for yourself that the emergence of mobile banking has changed the course of Finance, banking and technology altogether. To learn the concepts of learning the causes and transition of change, students have to take Finance Coursework help. It becomes important as to understand all the intricacies and to ace the coursework for the good performance level. 

Mobile Banking has become comprehensively popular and necessary that helps the function of the banking go with ease. In simple terms, mobile banking means to use mobile or other technological devices to perform the functions of banking. Some of the tasks involve checking the Account balance, transferring balance, payment of the bills and identifying the location of the bank. It is used all around the globe and even the remote areas to ease their bank needs. 

Here are the services that you can avail through mobile banking

  1. Request Services - This is the services provided to the customers by the bank regarding the request put forward by the customers. The request can be anything such as asking for the cheque book, debit or credit card an asking for accounts statement.

  2. Pull Services- Pull Services involves the services when the customers extract the information from the banks. It can be considered as a two-way communication where the customers ask for the details, and the bank provides with a detailed response. The communication involves balance enquiry, fund transfer and asking about past transactions. 

  3. Push Services- Push Services are the prime services, where the banks inform their customers about important messages. It can be considered as alerts. One of the common is a cheque book alert. It is a one-way communication.


What are some advantages of Mobile Banking?

Here are some advantages of Mobile Banking-

  1. Efficient and secure- One of the reasons that Mobile banking is efficient and secure is that it is operated through mobile phones, and there is a proper verification process takes place to access the information. The OTP acts as a verification code which secures the data. It is efficient as nobody has to wait in lines for a long time and the paperwork is reduced as well. 

  2. Easy Connectivity- You can get connectivity with the bank. Customers can connect with the app using telecom operators.

  3. Convenient- You don't have to visit the branch, and you can connect with the bank officials easily. 

  4. Time-saving- One can get excess to their finance. You can avail it even beyond the working hours of the bank. Customer Services are also available.


What are some disadvantages of Mobile Banking?

Here are some Advantages of Mobile Banking-

  1. Unfortunately, if someone loses their mobile phones, then there is a chance that their bank information and balance is in jeopardy.

  2. The excess to messaging services disturbs

  3. One will get the fake messages and scams 

  4. Not every mobile phone has anti-virus security that can lead to a breach.

  5. Some services are premium.


If you try to understand the features and intricacies of mobile banking other than just understanding the definitions, you will find out the real problems and their solutions to it. It must be noted that these things have to be on the assignments. The online homework help can save the day for students if they have to come up with the solutions that carry complexities in the coursework. Don't forget to avail the help or to research on priority before writing anything.


Sponsor Ads


About Damien Martyn Innovator   Academic Consultant

11 connections, 1 recommendations, 72 honor points.
Joined APSense since, December 2nd, 2020, From Alberta, Canada.

Created on Jan 12th 2021 06:54. Viewed 129 times.

Comments

No comment, be the first to comment.
Please sign in before you comment.