Nedbank, the second of SA's four major banks to launch a mobile banking application, yesterday hosted a briefing session on the Nedbank App Suite and the group's plans for future digital innovation.
Nedbank's banking app was unveiled in beta last month, and is being put to the test by staff members ahead of its official commercial launch - scheduled for early August. Upon launch, the app - which will also be available on a range of feature phones - will be compatible with Android, Apple and BlackBerry operating systems.
Nedbank's App Suite, says the bank, will offer a “first to market” online share trading offering, corporate batch authorisations and business banking password reset capability. It will also provide the usual functions of mobile banking, balance enquiry, payments, transfers, branch locators, forex calculators and application lead forms.
Pipeline platforms
Nedbank CEO Mike Brown also alluded to the imminent introduction of a number of other digital platforms, to be announced in coming weeks.
On Thursday, Nedbank is set to launch what it terms a “revolutionary new offer that will financially enable clients to achieve their goals”. It is believed the new product, a financial management and planning application, along the lines of personal financial management platform 22Seven, will encompass an across-the-board solution for Nedbank and non-Nedbank retail and consumer clients.
Brown says Nedbank now has an architecture structure in place that will act as the foundation for future advances in the digital sphere and enable “quick product development and release”.
With a profile on both Facebook and Twitter, Nedbank has an active social media presence. However, it trails behind that of First National Bank's prolific “tweeter” RB Jacobs (“FNB Guy”) and Standard Bank in terms of activity and followers on the micro-blogging social media platform.
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