APS Makes Mobile SME Banking Changes


APS financial is making changes to its mobile banking services.

The U.K. banking technology firm announced last week that, following feedback from both its SME and consumer clients, APS introduced greater mobile functionality for its suite of online banking solutions. The firm offers customers its Cashplus mobile app, on which the new features will appear.

Those new features include new account setup within the app, payment and transfers management and overdraft arrangements. APS reportedly developed an entirely new platform for its mobile banking solution, and it is available in the Apple App Store and Google’s Play Store. The tool uses technology from Xamarin, owned by Microsoft, as well as software firm EPAM.

Overall, APS financial looked to improve “native” functionality and design for the tool.

“The sharing economy has seen a new generation of entrepreneurs who are on the move all the time,” said APS financial CEO Rich Wagner in a statement. “These customers told us they wanted full banking capabilities wherever they were and on what device they happened to be carrying.”

“This nimble new platform gives that functionality on the go, saving them not only time but providing an efficient and seamless experience backed up by some of the most sophisticated digital banking technology in the world,” he added.

The company will introduce new features for the mobile app later this year, including a biometric authentication feature. Biometric authentication has taken off in mobile banking solutions for corporates in recent months, with financial service providers introducing the security feature. Still, industry players say there is a long way to go before the technology is fully mature and before corporates fully trust the tool to be a mainstay in enterprise mobile banking solutions.