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    • MSE Luke
    • By MSE Luke 12th Oct 16, 4:53 PM
    • 161Posts
    • 35Thanks
    MSE Luke
    App-based banking – is this the future?
    • #1
    • 12th Oct 16, 4:53 PM
    App-based banking – is this the future? 12th Oct 16 at 4:53 PM
    'The future of banking, available today." That's the bold message adorning the homepage of newly-formed Atom Bank...'

    Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
    Last edited by MSE Luke; 20-10-2016 at 3:15 PM.
Page 1
    • agrinnall
    • By agrinnall 12th Oct 16, 5:31 PM
    • 15,257 Posts
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    • #2
    • 12th Oct 16, 5:31 PM
    • #2
    • 12th Oct 16, 5:31 PM
    I hope not, because I don't really trust apps for something as vital as banking, and don't yet use any.
    • jimjames
    • By jimjames 12th Oct 16, 9:42 PM
    • 10,606 Posts
    • 8,603 Thanks
    • #3
    • 12th Oct 16, 9:42 PM
    • #3
    • 12th Oct 16, 9:42 PM
    I tend to only use apps so definitely the future. Far easier than needing to go to website. Frustrating with banks that don't offer functional apps.
    Remember the saying: if it looks too good to be true it almost certainly is.
    • djpailo
    • By djpailo 12th Oct 16, 9:55 PM
    • 323 Posts
    • 107 Thanks
    • #4
    • 12th Oct 16, 9:55 PM
    • #4
    • 12th Oct 16, 9:55 PM
    I stopped reading after you mentioned Atom Bank. The app is laughable. It was created by a group of people who put form ahead of function. It genuinely feels like an app for kids...

    Onto the actual app itself, given the recent issues with voice recognition, why would I trust facial recognition systems with this app? Why don't atom bank offer any online services, why does it all need to be through an app?

    Apps will never replace online banking. Apps will always be useful for those that need it, but there will always be a time and a place when you need to sit at your computer and use a more functional website, or visit your branch, to sort something out.
    • Anthorn
    • By Anthorn 13th Oct 16, 11:37 PM
    • 2,188 Posts
    • 573 Thanks
    • #5
    • 13th Oct 16, 11:37 PM
    • #5
    • 13th Oct 16, 11:37 PM
    App based banking is probably the future but it all depends on how soon the future gets here. I'm currently using the Soldo pre-paid Debit Mastercard which is completely app based and I don't have any problem with it at all.

    But it's a different matter with so-called challenger banks and the promised full banking service in an app. Starling Bank looks to be the furthest ahead but is still engaged in crowing about passing milestones on the way to a full banking service but nothing more than that.

    Overall, the future may be distant.
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