Mobile banking allows customers to access banking services and perform financial transactions using a mobile device like a smartphone. It involves using a banking app provided by a financial institution. Mobile banking offers convenience as customers can bank anywhere and at any time. It also provides increased accessibility for those in remote areas or with limited mobility. Financial institutions benefit from potential cost savings compared to physical branches. Mobile banking aims to improve security and build stronger customer relationships through personalized experiences. While both mobile and traditional banking provide core services, mobile banking distinguishes itself by offering additional on-the-go features and accessibility through digital channels only.

1. TOPIC – What is mobile banking and
its significance?
By group 10

2. What is mobile banking
Significance
What is banking
CONTENT
1
2
3
Difference between the two
4

3. What is mobile banking
Mobile banking refers to the use of a mobile device, such as a
smartphone or tablet, to access banking services and perform financial
transactions. It allows customers to carry out a range of activities, such
as checking account balances, transferring funds, paying bills, and
depositing checks, all from their mobile device.Mobile banking typically
involves the use of a banking app provided by a financial institution,
which can be downloaded and installed on the customer's mobile
device. The app may also provide additional features, such as account
alerts, budget tracking, and financial planning tools.Mobile banking has
become increasingly popular in recent years, as it offers a convenient
and secure way for customers to manage their finances on-the-go. It also
provides greater accessibility to banking services, particularly for
individuals who may not have easy access to a physical bank branch or
ATM.

4. Significance Of mobile banking
Mobile banking has several significant benefits for both consumers and financial
institutions. Here are some of the key advantages of mobile banking:
1. Convenience: Mobile banking provides customers with access to their accounts
and the ability to perform financial transactions anytime, anywhere, using their
mobile device. This convenience can save customers time and effort and reduce the
need to visit a physical bank branch or ATM.
2. Increased accessibility: Mobile banking makes it easier for people who live in
remote areas or who have mobility issues to access banking services. It also provides
greater access to financial services for people who may not have a bank account.
3. Cost savings: Mobile banking can be more cost-effective for banks than
maintaining physical bank branches and ATMs. This cost savings can be passed on to
customers in the form of lower fees and better interest rates.

5. 4. Enhanced security: Mobile banking apps typically use advanced security features
such as encryption and biometric authentication to protect customer information
and prevent fraud. This can provide customers with greater peace of mind when
conducting financial transactions.
5. Improved customer engagement: Mobile banking can help banks build stronger
relationships with their customer by providing personalized experiences and tools
to manage their finances more effectively
Overall, mobile banking is a convenient, accessible, and secure way for customers to
manage their finances and for banks to provide better services and build stronger
relationships with their customers.

6. Banking refers to the business activity of accepting and safeguarding money owned by
individuals, businesses, or other entities, and then lending or investing that money to
earn a profit. Banks are financial institutions that provide a range of services, including
checking and savings accounts, loans, credit cards, and investment accounts. Banks
play a vital role in the economy by providing a safe place for people and businesses to
deposit their money, and by facilitating the flow of money through the economy. They
help businesses finance their operations and expansion, provide loans to individuals
for major purchases such as homes and cars, and offer a wide range of financial
products and services to help people manage their money. The banking industry is
heavily regulated by government agencies to ensure that banks operate in a safe and
sound manner, and to protect consumers from fraud and other financial crimes. In
addition to traditional brick-and-mortar banks, there are also online banks and mobile
banks that provide banking services entirely through digital channels.
What is banking

7. Banking and mobile banking both refer to financial services offered by banks, but there are several key
differences between the two.
1. Accessibility: Banking services can typically only be accessed in person at a bank branch or through a
traditional online banking portal, whereas mobile banking allows customers to access their accounts and
perform transaction through a mobile device, such as a smartphone or tablet, from anywhere with an
internet connection.
2. Convenience: Mobile banking is generally more convenient than traditional banking because it allows
customers to perform transactions on-the-go, without having to visit a bank branch or use a computer.
Mobile banking apps also often have features such as check deposit, which allow customers to deposit
checks remotely using their mobile device.
3. Services offered: While traditional banking and mobile banking both offer basic services such as checking
and savings accounts, mobile banking typically offers additional services such as mobile payments, money
transfers, and bill payments that can be done through the mobile app.
Difference between the two

8. 4. Security: Both banking and mobile banking have security measures in place to protect
customers’ personal and financial information, but mobile banking may be considered
riskler due to the potential for theft or loss of a mobile device.
Overall, mobile banking is a more mouer and convenient way for customers to access
Banking services, but it may not offer all of the services that traditional banking does, and
it may have more security risks.

9. Conclusion

10. THANK YOU EVERYONE