A new mobile phone app has been developed for banks and building
societies which enables customers to use their mobiles to access their
accounts and transfer money from one account to another.
The app, from iState Systems, also allows customers to access up-to-date product information and send information and documents.
This means that a client could use the app to complete a mortgage application, for example, answering questions and taking a photo of wage slips or a P60 on their phone to submit it straight away.
It also works for brokers who can submit information on behalf of their clients in the same way.
iState already has its first customer – National Counties Building Society, which is now the first building society in the country to enable their customers to view their accounts and complete transactions using a mobile app.
iState Systems, founded by Barry Yager and Nelson Wootton, has called the product Apprivo, which will be sold to other building societies, banks and financial service companies.
Yager said: “We really believe that Apprivo and mobile phone technology will permanently alter the way that financial institutions do business and the way that they interact with their customers.
“Apprivo enables banks and building societies to provide their customers with new, highly useable, highly competitive services.
“It means customers can now progress a mortgage, loan or savings account at the touch of a button on their mobile phones; intermediaries will have a new instant-access interface; and it reduces the need for documents to be sent in the post, enabling banks and building societies to receive them quicker and more accurately.”
News Source : http://www.introducertoday.co.uk/
The app, from iState Systems, also allows customers to access up-to-date product information and send information and documents.
This means that a client could use the app to complete a mortgage application, for example, answering questions and taking a photo of wage slips or a P60 on their phone to submit it straight away.
It also works for brokers who can submit information on behalf of their clients in the same way.
iState already has its first customer – National Counties Building Society, which is now the first building society in the country to enable their customers to view their accounts and complete transactions using a mobile app.
iState Systems, founded by Barry Yager and Nelson Wootton, has called the product Apprivo, which will be sold to other building societies, banks and financial service companies.
Yager said: “We really believe that Apprivo and mobile phone technology will permanently alter the way that financial institutions do business and the way that they interact with their customers.
“Apprivo enables banks and building societies to provide their customers with new, highly useable, highly competitive services.
“It means customers can now progress a mortgage, loan or savings account at the touch of a button on their mobile phones; intermediaries will have a new instant-access interface; and it reduces the need for documents to be sent in the post, enabling banks and building societies to receive them quicker and more accurately.”
News Source : http://www.introducertoday.co.uk/
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