Read about StanFore in recent publications.
A PFM app that really works should not only be an amusing toy for a client, but be a means of selling of this very product to this particular client, in this particular time. In this post, I will try to outline the actual capabilities and restrictions of personal finance management systems.
During the last decade, banks applied IT solutions to a broad range of back and front office tasks in addition to a huge number of new products. Digital banking systems do not only enhance performance of bank branches and cut down customer service costs, but also improve the quality and level of customer service and assist in business development.
2011 was called the year of internet banking. However modern users are looking for something more sophisticated than making basic transactions online. That’s why some banks have already introduced respective mobile apps. I don’t think I’ll be much mistaken if I call 2012 the year of mobile banking. Quite a few branch representatives were compelled to follow these new standards.
The rapid development of remote banking services and tough competition for active users force banks to look for new approaches to attract and retain clients. Applying Bank 2.0 principles for improving the existing front end banking systems is one of the most effective ways to gain a competitive advantage.