Youtap /
Banking Apps disrupting traditional banking relationships

Banking Apps disrupting traditional banking relationships





3 billion users will have access to banking services via smartphones, tablets, PCs, and other smart devices, according to a study by Deloitte.

Digital disruption has arrived in the financial services sector. The traditional relationship between consumers and their local bank is disrupted by applications downloaded from the App stores. Digital Banking applications are now the relationship layer between institutions and their customers.

Every day more banking services are delivered through mobile devices and Apps. COVID19, the closing of bank branches, and the rise of the digital-savvy customer have accelerated the need to adopt digital banking applications.

But traditional banks with long legacies in helping the communities they operate in don’t need to fear the rise of neo-banks. The opposite, having access to a treasure trove of data and long-lasting relationships with their customers is a tremendous competitive advantage.

Most banks have no idea how their mobile applications are being used. They don’t survey their customers, and they assume providing the usual account balances, statement, and transaction history will suffice.

However, to fully embrace digital banking, it is more than hiring a few frontend developers to skin a quaint mobile application. It requires sophistication, nuance, and the seamless marriage of purposely designed frontend experiences with robust and scalable backend processing and ubiquitously accepted systems.

Youtap’s Digital Banking platform and applications do just this.

Our experience deploying digital banking platforms and applications for our clients has given us a unique insight into consumer and institutional needs. With scale and innovation built-in, we have taken lessons learned from working across the globe to build digital banking platforms and banking applications that are fit for purpose today, tomorrow, and beyond.

If you are interested in driving growth both now and in the future, get in touch with our team of experts today.

Leave a Reply

Recently Viewed

No data was found

Latest Articles

7 July 2022

Open Banking Not Just A Bunch Of APIs

Traditionally, it has been difficult for consumers to share consistently and securely [sensitive] information with…

20 June 2022

Customer-Centric Banking

As digitization changes the nature of products and services offered by the banking and financial…

6 June 2022

Neobanks driving recovery

During the pandemic, the number of neobank entrants exploded, targeting retail and small-business with their…

28 April 2022

BaaS and Neobanks

The rise of FinTech has not been an overnight occurrence. Instead, the banking and financial…

10 April 2022


Innovation in today’s globalized economy is integral to survival. Innovation and development in key economic…

5 April 2022

Neobanks are changing the financial landscape of Latin America

Africa's transformation to digital wallet technology and mobile money began more than a decade ago.…

Youtab Search