banking-app

Vocabulary Word

Definition

'Banking app' is a term for a digital platform or software, typically on mobile phones, which allows users to handle their banking transactions and account management on-the-go.

Examples in Different Contexts

In digital banking, a banking app allows customers to manage their accounts, make payments, and check balances from their smartphones. A tech analyst might say, 'Banking apps have revolutionized the way we access financial services, offering convenience and security.'

Practice Scenarios

Marketing

Scenario:

We need to figure out how to market our app's new update and its advanced features to our target audience better.

Response:

Let’s highlight the convenience and high-tech features of our banking app in our next marketing campaign.

Business

Scenario:

We need a more efficient way to manage payments and monitor transactions for our suppliers.

Response:

I think banking app can expedite the process by providing us with real-time financial transactions.