This week Finastra, a global provider of financial software applications and marketplaces, unveiled its latest mobile banking software. Next Gen Mobile Banking, a new digital banking experience for community banks and credit unions, offers financial institutions customization options and enhanced security features.
With Next Gen Mobile Banking, Finastra said it empowers community banks and credit unions with features likely to appeal to customers and members of all ages, such as the app’s built-in personal financial management tools, with which financial institutions can offer account holders easy access to budget planners and more.
“Climate First Bank is a unique and digitally-driven financial institution, which means we need the right tools to support our growth and to give our customers the digital experience they expect and deserve,” said Marcio de Oliveira, executive vice president, chief technology and digital banking officer at Climate First Bank. “This new app enables us to provide a seamless, personalized, and easy-to-use mobile banking experience that supports our vision of reimagining finance as a force for good.”
Preventing fraudulent activity is a pressing concern for community financial institutions today. Next Gen Mobile Banking provides banks and credit unions with enhanced security features like Passkey Authentication, which offers protection against phishing and other threats. The expanded authentication method means that credentials cannot be guessed, intercepted, or reused. User Trusted Device Management is also enabled in the application, which offers account holders transparency and trust while mitigating unauthorized access to personal information.
“Finastra has delivered sophisticated digital experiences for many years, and this enhancement marks our commitment to creating solutions that provide community banks and credit unions with the features and security needed to help them stay ahead of the competition,” said Narendra Mistry, chief product and technology officer, Universal Banking at Finastra.”With Next Gen Mobile Banking, our customers can deliver an innovative and sophisticated user experience that is tailored to the unique needs of the communities they serve.”
Other key features of Next Gen Mobile Banking include:
- a selection of interface templates, providing each institution with the power to personalize the mobile experience and to tailor the application to their specific needs;
- faster development cycles and easier deployment across different mobile operating systems; and
- a seamless user interface is available across both iOS and Android devices, enabling a consistent brand identity and customer experience for account holders.
The unified code base also allows for rapid updates, enabling financial institutions to deliver the latest enhancements and features quickly and efficiently.
