Mobile Banking Systems - Development, Security and Advantages

Abstract

The rapid development of mobile banking systems is a rich result of technological advancements and changing user capabilities. Mobile banking systems provide users with the ability to manage finances, conduct transactions, and easily oversee financial processes through their mobile devices. The speed of development in mobile banking systems, coupled with user trust, has led to significant progress in independent financial processes. Traditional banks or digital banks offering mobile applications form the foundation of mobile banking. Security is essential in mobile banking, and measures like biometric authentication (such as passwords and facial recognition) and robust encryption are applied to safeguard user information and transactions.