KMS Solutions Blog

While mobile banking app for consumers has become a norm, business banking app is not really so. If you check on App Store or Google Store, you can see that only a handful of banks have mobile apps designed for business clients. Although most business banking activities still take place on desktops, banks cannot ignore the benefits of the mobile-first business banking app, which we will explore later on. 

In this article, we will discuss why banks need to build a business banking app. In addition, it will clarify the differences between mobile banking apps for businesses and consumers.  

With a digital banking experience that utilizes the advantages of mobile devices, banks have a higher chance of deepening relationships with their business clients.

What is application modernization?

Application modernization describes the process of leveraging modern technology stacks to update/modernize older, legacy software applications, for newer computing approaches like cloud-based IT environments - to keep pace with the demand of the new digital economy. 

This is especially beneficial as applications modernization allows businesses to take advantage of the advanced technology progress, to update their software portfolio instead of having to retire such important legacy systems altogether, thus effectively protecting their financial and technology investments.

Due to the Covid-19 pandemic, the past year of 2020 and current times have imposed many changes, challenges, and opportunities on business organizations. 

Many companies have now realized that they do need to change and can indeed rapidly change, profoundly, in a matter of weeks if they have to. To achieve this, many businesses are turning to digital solutions, including digital applications and platforms, to allow for better management of changes and disruptions.