Android Solutions for Banking & Finance Industries

Android for Bank and Finance Industry   

SQLSTAR is expertise in the integration of Google Android technology with solutions from different domains like telecom, education, finance and health care.

Overview

Android is emerging as the mobile platform of choice for the consumers most likely to use their phones for banking and financial activities.
SQLSTAR, as a technology solutions provider, we are developing our software and services offerings that "will enable financial institutions and carriers to offer customers the ability to use a comprehensive set of mobile financial services on Android-powered mobile devices and non mobile devices."

With the rapidly expanding use of mobile devices and mobile internet devices, customers are increasingly expecting financial services and payments to be offered on their Android mobile devices and MID’s.

Solution

Convenience is everything when it comes to small, quick purchases as more people are willing to pay via a phone bill. And so more firms are apparently opting for Google's Android platform, since Android is emerging as the mobile platform "of choice for the consumers most likely to use their Android phones for banking and financial activities."

Non-Mobile Devices

We offer financial services on non-mobile devices like Point of Sales, ATM and Kiosk Machines.

Android’s latest release now supports NFC and customers will benefit from the convenience of having the functionality of NFC-enabled chip embedded onto their mobile phones to make payments. Through this, we hope to further promote the adoption of cashless payment. We hope to also promote the adoption of cashless payment by merging it with a device that is already a necessity to carry around with them at all times.

Mobile Applications

As mobile devices continue to get more sophisticated, financial institutions (FIs) and carriers have the opportunity to enhance customer loyalty and enrich customer experience by delivering innovative applications, such as mobile banking, Stock Monitoring, Payment that allows end users to use their mobile device to pay, track and manage finances – and take advantage of vendor rewards programs created specifically for wireless users.

Features:

• Banking: Provides money transfer, account balance inquiries, location of local branches, and P2P transfer using a mobile phone number instead of the account number.
• Account management: Provides support while users are on the move. Compared to online banking services, users can actively monitor their financial status without being tied to a computer terminal.
• Payment: A variety of payment functions are provided to users including card payment, NFC payment, remote payment and mobile wallet (m-wallet).
• Stock monitoring: Provides real-time stock trading functionalities, portfolio management and real-time market information via mobile devices.
• Track deals and rewards: A two-fold feature: on one side, customers can track receipts and expenses; on the other is a mobile phone-based couponing and reward program.

Benefits

Using their Android-enabled mobile device, end users will be able to easily download the financial application that will enable them to transfer money, check their accounts, get branch information, and carry out a Person-to-Person (P2P) transfer. Users will also have access to a stock monitoring feature that allows for real-time trading, portfolio management, and real-time market information. Other features include tracking receipts and expenses and a variety of payment functions.

With consumers trending more and more towards mobile devices for their banking needs and Android sales dominating the growth in smart phone operating systems, it is critical that financial institutions recognize the importance of Android and incorporate it into their self-service strategy.