To lure millennials, mobile banking apps must leverage the native functionality of mobile hardware. Each and every function of the mobile phone can be used to differentiate the engagement financial institution has with always-connected consumers.
Following is a list of seven features that are defining the next generation of mobile banking:
Bluetooth
Near-field communication
The camera
The mobile phone camera can also enable
The microphone
Furthermore, the microphone will enhance the security of mobile apps by offering voice-based authentication and the ability to use the voice as a password. Expect common voice-enabled instructions like give me directions to the nearest ATM or send 20 bucks to Jack.