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15 Top Tablet Banking Apps

Its time for banks and credit unions to capitalize on the tablet growth opportunity, leveraging the potential of application-driven functionality, touch screen navigation and enhanced graphics not available on mobile or online devices. By treating the tablet as a unique channel, financial institutions will be positioned to offer consumers a more engaging way to access accounts, perform transactions and manage finances.

Industry estimates forecast that almost half of the U.S. Internet population will be using tablets by the end of 2013. Banks and credit unions have an opportunity to optimize their investments by aligning new tablet banking offerings with the unique ways consumers prefer to use the tablet devices. By solidifying a dedicated tablet channel strategy, financial institutions can respond to the growing trend of tablet banking. Delivering an app-driven, fully functional tablet experience that complements other channels will lead to more customers and members and sustained financial institution performance.

Subscribe TodayAccording to Fiserv in a recent white paper entitled, ‘Banking on the Tablet Channel’, “Financial institutions need to align tablet banking to support the unique ways consumers prefer to use the devices. Instead of just enabling consumers to access a financial institution’s online or mobile banking website designed for PC or smartphone users, tablet-specific banking apps should provide a rich experience that leverages touch navigation and makes use of the larger display than that provided on smartphones.”

Tablet Banking Trends

According to a Javelin Research and Strategy report entitled, ‘Tablet Banking Forecast 2014 – 2018: Design and Deployment Strategies for Mass Adoption‘, smartphone, tablet and mobile banking adoption continues to exceed expectations. According to Javelin, 95 million U.S. adults used mobile banking in 2013 – a gain of 27 million mobile bankers over 2012. At the same time, tablet banking users have more than doubled, making the tablet device an important channel to support.

Tablets are becoming the primary device used for a variety of mobile banking tasks. In fact, about 1 in 3 consumers point to tablets as the mobile device he or she primarily uses to email the FI. Users also turn to tablets at higher rates for advanced mobile banking tasks. Just over 3 in 10 mobile bankers view and pay bills using a browser on the tablet. As ownership rates rise, mobile banking primarily through tablets is expected to become more common.

Despite extraordinary growth of both tablet owners and tablet bankers, the support of tablet banking continues to lag across the industry. According to Javelin, just over 50 percent of financial institutions offer a dedicated tablet banking application. Many financial institutions still either support tablet banking with a mobile banking application meant for smartphones or expect consumers to access their online banking site using their tablet. This is interesting given that the demographics of a tablet banking consumer are the most favorable of all mobile banking users.

“The biggest constraint to consumer tablet banking in the next several years is the speed at which FIs adapt to consumers’ changing technology needs to provide robust tablet banking apps, especially for the complex Android market. FIs have worked diligently to finesse mobile banking for smartphone users, but they are less prepared for tablet bankers,” said Mary Monahan, Executive Vice President and Research Director, Mobile at Javelin.

According to the Mapa Research report entitled, ‘Tablet Banking Series: Are you making the most of the tablet opportunity?,’ the leading global banks are more likely to have a dedicated tablet app than smaller institutions. In addition, offering an iOS tablet app is the dominant approach, even though a fair number of institutions in selected countries offer Android tablet apps as well.

In an analysis of 50 financial institutions across 10 countries, the core strengths of dedicated tablet banking apps versus traditional mobile apps according to Mapa include:

  • More comprehensive and visual engagement overviews
  • More PFM functionality
  • More use of drag and drop
  • More personalization options

When analyzing browser-based (internet) tablet banking experiences (as opposed to downloadable tablet apps), Mapa found that several institutions promote their tablet apps when users navigate their site using a tablet device. Unfortunately, the vast majority of institutions offering online banking for a tablet result in a poor user experience which is hard to navigate and do not provide any touch use components. While some organizations have a responsive design capability, there is very little use of interactive calculators or guides and virtually no sales functionality.

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Read More: 10 Great Tablet Banking Features Enhancing The Customer Experience)

Dedicated Tablet Banking Apps

As mentioned, while many of the top banks globally offer a downloadable tablet banking application, almost half of the largest US banks still don’t offer a dedicated tablet banking application for both iOS and Android devices. Below are some of the better dedicated tablet banking apps found by Mapa.

danske_public_page_mobile_options

Danske Bank Provides Access To All Mobile And Tablet Applications On Public Site

bbva_mobile_tablet_app

BBVA Provides Combined Access to Tablet and Mobile Banking

bnp_paribas_tablet

BNP Paribas Allows Tablet Bankers To Create Multiple Profiles For Unique Family/Partner Access

ing_tablet_pfm

ING Provides PFM View of Relationship at Login

westpac_drag_drop_tablet

Westpac Highlights Drag And Drop Functionality On Tablet App

Read More: 20 Top Mobile Banking Apps)

Browser-Based Tablet Applications

As mentioned, when a tablet is used to login and examine the browser experiences (including landing page, transfer, payments and sales) among 40 retail banks globally, Mapa found the consumer experience to be unsatisfactory. A vast minority provided the following:

  • Font size that fits the device
  • Dominant use of icons
  • Good navigation experience
  • Interactive touch use components
  • Adaptive / responsive design (1 in 4 sites don’t even resize properly when switching from portrait to landscape view)

Below are a few of the better experiences found by Mapa in their analysis. The analysis also included many experiences that were not as satisfactory including some very prominent US financial institutions.

westpac_browser_tablet

iPad Browsers Are Prompted To Download iPad App When Accessing Online Banking

simple_tablet

Recently Acquired Simple Illustrates How Simplicity In Design Is Welcome With Mobile And Tablet Apps

nationwide_responsive_design

The Good News Is That Nationwide Uses Responsive Design. The Bad News Is That Their Application Is Not Responsive

natwest_tablet_calculator

NatWest Provides Calculators That Are ‘Touch Optimized’

anz_tablet_application

The Bad News Is That The ANZ Site Is Not Fully Responsive. The Good News Is That Applying For A New Service Is Responsive And Touch Optimized

commbank_tablet_application

CommBank Received The Highest Marks By Mapa For Their Tablet New Account Application Process

Read More: Top 10 Mobile Banking Mistakes)

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Selling Within Tablet Banking

As with mobile phone banking, selling within the tablet banking app is far from optimized or maximized. Many financial institutions use the free tablet real estate at all, while others simply provide the same non-personalized messages to all users.

Before login, Mapa Research found the following:

  • Focus is on letting customers login to manage their finances
  • A banner (static and carousel) and text on the app landing page is the most popular approach to promote products and services
  • Amount of space dedicated to banners vary by provider – from subtle approaches to very sales driven ones
  • When tapping banners, customers are usually directed to product information pages
  • The general call to action is to request a ’call back’ or ’call to apply’

After login, the experience doesn’t improve:

  • Use of interstitial login messages to promote a product or service was found to be used only by one provider
  • The vast majoirity of providers do not provide any sales and marketing message
  • A banner is the most typical choice for communicating sales messages
  • Tiles with clear signposting to ’Open an account’ is being used by few organizations
  • Product applications are scarce
bofa_tablet_sales

While Bank of America Provides An Excellent Sales Process Flow, There Is No Way To Apply Online

usaa_sales_tablet

USAA Combines Financial Education With Sales Links To Maximize The Consultative Sales Approach

discover_tablet_selling

Discover Uses Interstitials For Promoting Services AndTo Prompt Sales

standard_bank_product_store

Standard Bank Takes A Unique Approach By Providing A ‘Digital Banking Store’ To View Product Descriptions And See How Product Works On A Tablet

About The Report

The 72-page Mapa Research report entitled, ‘Tablet Banking Series: Are you making the most of the tablet opportunity?,’ provides a very thorough analysis of tablet banking trends and advancements globally. Fifth financial institutions were researched in depth, providing the basis for the data presented throughout the report. In addition, other banks and financial service providers were used to provide additional insights in this report.


Jim MarousJim Marous is co-publisher of The Financial Brand and publisher of the Digital Banking Report, a subscription-based publication that provides deep insights into the digitization of banking, with over 150 reports in the digital archive available to subscribers. You can follow Jim on Twitter and LinkedIn, or visit his professional website.

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All content © 2016 by The Financial Brand and may not be reproduced by any means without permission.

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Comments

  1. It’s very good to see the banking/financing industry focus on being mobile. When we pitched at TC Disrupt Battlefield 14 in NY, we created a mock banking app, which utilized our SDK (ShowKit) technology, and received a positive response. With Amazon’s Mayday being the ‘new face’ of client engagement/support (for mobile), a lot of industries are going to be playing catch-up. Luckily, our SDK (ShowKit) brings that to any native app.

  2. Thanks for this comprehensive summary of Tablet Banking apps and the screenshots. Very interesting to see ING’s example of PFM in tablet banking. I appreciate the analysis in this piece and your sharing this with a wider readership.

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