Web or Mobile Application Paper

Chase Bank is to make sure that its customers are completely satisfied. It uses its reputation for strength along with its global reach to invest in its clients as well as its communities to make a positive impact in the lives of many people, according to its official website. It views helping clients through a wide range of economic and social obstacles as a top priority. By creating a solid foundation for financial growth and success, Chase Bank has always been a reputable choice. You can get everything that you need along with the satisfaction that you deserve from its institutions. Another great reason why I should choose Chase Bank is that its customers do not have to go very far to find a convenient location. There are currently over

Chase has more than 5,500 branches and 18,000 ATMs and holds approximately over $2.6 trillion in assets (Get More from Your Banking Relationship, 2014, p.2). JP Morgan Chase is often called the leader of the pack among the “Big Four” banks (King 2015). In recent years the bank has embarked on a major expenditure program to keep up to date with technological advances and consumer change of taste. The trend is digitalization of the banking experience, which enables customers to bank from their smartphone and/or computer. Chase has invested heavily on its smartphone application and online banking platform. In which chase has become the #1 most visited banking portal in the U.S and #1 Mobile banking functionality for 3 consecutive years (Smith 2015). In addition, Chase has expanded the capabilities of its ATM stock. On this new platform, wires can be sent via personal computer, funds

Technology is rapidly changing our lifestyles on a daily basis. From how we entertain ourselves, how we stay in contact with one another, all the way to how we pay our bills. Successful attempts within the world of information technology have significantly changed the way we do business as well. Web and mobile-based applications created a new platform for businesses to expose themselves to new clientele, along with staying abreast to what competitors are using to compete with them. Individual use of these web and mobile-based applications can help a user upgrade his or her own standing in the business world as well, which is what I would like to talk about in this essay. In

12. Banks like USAA use provide web-based and mobile computing options for their customers. Web-based computing allows users to complete longer more detailed processes like applying for a credit card or a home loan. Mobile computing, however, allows users to connect with companies, mostly in a limited fashion, while on the go. USAA, for example, allows customers to transfer money, review their products through their mobile

The issue that Relay FCU faces can be addressed with an aggressive marketing strategy centered around attracting the younger population. With only one physical location and no online banking service, a heavily tech-oriented youth population may look to other credit unions or banks instead of opening an account with Relay. To address this, Relay must first seek to implement a web-based banking system complete with an app for mobile phone banking as well. According to Bob Hedges, managing director in AlixPartners’ Financial Services Practice, “Consumers are demanding, expecting, and shopping for mobile capabilities. Banks who fail to innovate run the risk of losing customers and face real challenges in attracting new customers” (Marous, 2014). Once the mobile banking service is implemented, Relay must develop a marketing plan targeted to consumers in the prime borrowing age range of 25-44. This marketing plan must include heavy advertising and a social

The customers can access the services of the Chase banks via phone or mailing address

The use of technology to keep up to date on the activity of bank accounts is an important step that I use myself. I use a phone application to keep updated on all activity that affects my

The change and advancement in technology are a significant factor in the banking business. Technology has led to tremendous improvements in this industry. Since the commencement of this millennium, people have shown great love for their mobile phones (Ozaki 1992). It necessitated the invention of mobile applications (APPs). From the introduction of the mobile banking, APP people rarely go to the banks. All their transactions get done simply by the stroke of a finger. Businesses face a challenge of adapting to changes in the technology sector. Mobile banking either through actual investing or any other means is on the rise.

JPMorgan Chase has been adjusting to the new financial advances in technology. Financial Technology (FinTech) is “an emerging financial services sector in the 21st century” that includes “any technological innovation in the financial sector, including innovations in financial literacy and education, retail banking, investment, and even crypto-currencies like bitcoin” (Investopedia, (n.d.)).

As technology becomes more involved in an individual’s everyday life, financial institutions, like TD, is determined to keep up with the changes. Through innovative digital activities, TD can be an asset to customers banking by shifting their focus towards helping customers feel more confident about their financial future. Therefore, adding a money allocation option to the TD MySpend app will combine both TD’s growth in the technology world and meeting customer needs. This new option will provide customers the opportunity to learn to allocate their money and control their spend. Customers will be able to directly place a specific amount money into different categories (groceries, clothing, etc.) each month to limit and maintain spending in

If you want to manage financial transactions on your mobile, install the official mobile application of your bank. To make sure you have the right application, contact your bank directly or access their official website.

Banking-related transactions that typically take long span of processing can now be done in just a few minutes, or even seconds. Aside from this, there are still other brilliant benefits that the IT has contributed to the finance sector, which may bring not only advantages but also possible drawbacks.

Mobile banking is also popularly known as SMS banking or M-banking. It is the latest development in the banking sector that enables us to conduct banking transactions by using the mobile phone.

The Harvard Business School case study Mobile Banking for the Unbanked explores two very different examples of mobile financial service models:

Citibank had designed its own mobile banking software that can be downloaded and installed on more than 100 handsets over any carrier’s network