Keen mobile bankers who enjoy having regular access to their accounts may need to trade-in their used phone and upgrade to a smartphone if they are to keep up with the latest way to deal with financial affairs.

That is because financial firms will have to increase their reliance on smartphone apps in order to keep up with banking on the go, in the opinion of Alexander Hesse, writing for Forrester.

He suggests apps are the way forward in the sector, as they are easy to find, simple to set up and just as straight forward to use.

There are also benefits for banks and other money specialists, with Mr Hesse noting such firms can enjoy instant access to their customers at the touch of a button.

"Banks can, for example, show their customers when a new transaction has taken place or alert them when their account reaches a certain limit to avoid overdraft," he explains.

Mr Hesse recently suggested financial apps can help people keep their money matters under control, but warned BlackBerry users are in need of an increased number of tools.

Magic your old mobile into cash now

Posted by Joanne GrimshawADNFCR-2155-ID-800094450-ADNFCR

Written by Mazuma

Mazuma Mobile is the UK's most trusted mobile phone recycling service.

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