MOBILE

BANKING
PRESENTED BY:-
• Harshil Agarwal 1811015
• Rachit Rungta 1811029
• Rajvir Tulsyan 1811031
• Sasha Malhotra 1811065
• Hithatarth N 1811074
• Nishant Hawelia 1811076
• Sankalp Grover 1811078
• Subham Goyal 1811079
 DEFINITION
• Mobile banking is a service
provided by a bank or
other financial institution that
allows its customers to
conduct financial
transactions remotely using
a mobile device such as
a smartphone or tablet.
 DIFFERENCE BETWEEN MOBILE
BANKING AND INTERNET BANKING:
MOBILE BANKING INTERNET BANKING
Mobile Banking is a platform provided by a bank in In Internet Banking, you directly access the Online
which an Application of the concerned Bank (mobile Portal developed by the concerned Bank in a dedicated
banking Platform) is downloaded by you on your smart specific server maintained by the bank. 
phone.

Mobile Banking is a smaller concept of transferring Internet Banking is a wider platform as it provides a
money from one A/c to another. bundle of services.

On the mobile. Over the internet, most commonly via the computer or
laptop.

Fund transfer through NEFT or RTGS Fund transfer through NEFT, RTGS or IMPS.

Requires banking application, SMS services or mobile Only requires a browser and an internet connection.
banking websites.
 SERVICES:-
• Account information
1. Mini-statements and checking of account history
2. Alerts on account activity or passing of set thresholds
3. Monitoring of term deposits
4. Access to loan statements
5. Access to card statements
6. Mutual funds / equity statements
7. Insurance policy management
• Transaction
1. Funds transfers between the customer's linked
accounts
2. Paying third parties, including bill payments and
third party fund transfers.
3. Check Remote Deposit

• Investments
1. Portfolio management services
2. Real-time stock
• Support
1. Status of requests for credit, including mortgage
approval, and insurance coverage
2. Check (cheque) book and card requests
3. Exchange of data messages and email, including
complaint submission and tracking
4. ATM Location
• Content services
1. General information such as weather updates,
news
2. Loyalty-related offers
3. Location-based services
ADVANTAGES:

• Simple and easy to use

• Menu based application program
• Transmitted data are safer than internet banking.
• Almost every handset can support this feature
• No need to go for bank branch
• Handle all types of transactions from anywhere at any time.
 CHALLENGES
• Not everyone has access to such devices
and internet.
• Security
• Scalability and reliability
• Application distribution
• Personalization
THANK YOU