Core banking also relies on infrastructure which not only will connect multiple branches, but that also connects customers with the bank through multiple interfaces like ATM’s, websites, mobile apps and with the increase in the speed of internet it has been possible to perform transactions at an instant.
Similarly, the traditional usernames and password, some banks are stable on the cutting edge but when it comes to keeping their applications safe then, the security features include:
The Touch ID, face recognition, IRIS recognition have been there all the time when it comes to the security in the banking systems and these security features have been implemented by most of the leading banks worldwide to enhance the security features in their applications.
The cost the banking app development is looked at when it comes to the banking app development and regardless of the cost, on an average of $120000per app is spent by 15 global banks.
The major factor influencing the mobile app development cost is the rate of development.