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Why Proactive Mobile App Defense Is A Must-Have for Financial Services

Why Proactive Mobile App Defense Is A Must-Have for Financial Services

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Published by: Research Desk Released: Sep 25, 2020

Consumer financial institutions are in the midst of a digital transformation that includes moving traditional face-to-face customer interactions to mobile devices. Forty-three percent of people who own a mobile device and have a bank account use mobile banking, according to a Federal Reserve study titled, “Consumers and Mobile Financial Services.” Mobile banking creates unprecedented conveniences for customers, such as mobile check deposits, near-instant person-to-person transfers, and access to personal financial accounts in real time.