Mobile apps for corporate banking

The difference between the mobile banking application for corporations and individual customers lies mainly in the range of available functionalities and services.
Here are some important differences:
 
Range of services: a mobile banking application for corporations usually offers much more extensive banking and financial services that are tailored to the needs of enterprises. Most often, this includes functions such as payment management for cooperating companies and employees, corporate investments, payment card fleet management or international transaction management. Often, a multi-signature plays an important role, as well as advanced filters that allow users to view data with selected parameters.
 
Account management: in the corporate mobile application, it is possible to manage multiple bank accounts, and sub-accounts and grant access permissions to different people in the enterprise. Mid and big-size companies often have more complicated account structures and require more control over them.
 
Integrations with business systems: corporate mobile banking applications often allow integration with other business systems, such as accounting systems or enterprise resource management (ERP). Thanks to this, you can synchronize financial data and information flow between different systems.
 
Multi-user support: an enterprise application must support more than one user, with different levels of access. In corporate, there is usually a need for company managers to have access to more advanced functions and information than ordinary employees.
 
Security: corporate applications must meet high-security standards as they process more sensitive financial information. They may require additional forms of authentication, such as two-factor or biometric authentication, to secure access to data.
 
It is worth noting that some banks offer hybrid solutions that allow both individuals and businesses to use one mobile application, but with access to different features and services depending on the type of account.

The most desirable features in corporate banking applications can vary depending on the specific needs and requirements of businesses. Here are some commonly implemented features in corporate mobile banking:
 
Multi-Account Management: corporate banking applications should allow businesses to manage multiple accounts in a centralized manner. This includes the ability to view account balances, transaction history, and initiate transfers between accounts.
 
Payment Services: efficient payment functionality is crucial for corporations. Features such as bulk payments, payroll management, vendor payment initiation, and scheduled payments are highly desirable in corporate banking applications.
 
Reporting and Analytics: robust reporting and analytics capabilities enable businesses to analyze their financial data and make informed decisions. Customizable reports, data visualization tools, and the ability to export data in various formats are desirable features for corporate banking applications.
 
Security and Authorization Controls: corporate banking applications must prioritize robust security measures. This includes features like multi-factor authentication, user access controls with different permission levels, transaction authorization workflows, and encryption of sensitive data.
 
Integration with Enterprise Systems: seamless integration with other enterprise systems, such as accounting software or ERP systems, is crucial for efficient financial management. This allows businesses to synchronize data, automate processes, and streamline workflows.
 
Mobile Accessibility: providing a mobile banking application with a user-friendly interface and responsive design is important for businesses that need on-the-go access to their financial information. Mobile apps should offer the same functionality as the desktop version, allowing users to perform transactions, access reports, and manage their accounts from anywhere.

Finanteq is specialized in custom development, which means that we always work very closely with our Clients. Fully understanding their needs and using our extensive know-how enables us to provide the best possible digital banking software.
 
Finanteq mobile banking has been developed since 2008, therefore the solution is rich in different modules and functionalities. During that time we successfully delivered many corporate mobile banking projects to banks.
 
Unlike “shortcut” technologies (e.g., cross-platform or webview), most of Finanteq’s corporate banking software was developed using native “dedicated” technology. Thanks to this approach our applications characterize by:

The Finanteq solution for mobile corporate banking is based on the FTQ Framework that has been developed for many years and includes all best practices in it. It contains ready-made modules, libraries and code fragments that allow you to implement critical parts of the application, such as logging in, securing communication, etc. fast. It significantly shortens the development time and thus minimizes the necessary budget on the client’s side. The framework is separated from the visual layer, which, due to the specific requirements of banks, is built from scratch each time, taking into account all the guidelines received from the client.