Corporate Mobile Banking Transforms the Way Enterprises Manage Finance

Enterprise finance is evolving quickly. Traditional methods, like desktop portals and manual processes, are losing ground. Now, corporate mobile banking leads this change. Businesses want to manage finances on the go. They need instant access to data and tools for decision-making, no matter where they are.

Mobile banking for enterprises offers more than just convenience. It provides real-time visibility, boosts security, and enables faster, smarter decisions. The move to mobile-first solutions comes from the need for speed and clear financial operations. Executives, finance teams, and treasury experts need tools. They use these tools to track cash flow, approve payments, and manage risks from their devices.

Corporate Mobile Banking: The New Standard for Enterprise Finance

Corporate mobile banking has become the new standard in financial management. It provides key benefits for large organisations:

• Instant access to account balances and transaction histories
• Ability to approve payments and authorise transactions remotely
• Enhanced security features, like biometric authentication and role-based access
• Integration with existing ERP and accounting systems

A recent survey shows that over 75% of large companies use mobile banking apps for everyday tasks. Deloitte’s Digital Banking Maturity 2024 report states that 78% of corporate operations in digitally advanced countries now happen via mobile apps. The corporate mobile banking market reached $2.8 trillion in 2024, growing at a 19.3% CAGR.

For instance, by mid-2024, Bank of America’s CashPro app processed over $500 billion on mobile, a 40% increase from the previous year. The forecast for 2024 is over $1 trillion in mobile-processed volume. CashPro now offers 83 functions in one interface, including instant payment approvals, FX deals, and direct integration with SAP, Xero, and Oracle Netsuite.

“Mobile banking is essential for businesses that want to stay competitive in a fast-moving world.”

Banking Super App: Unifying Financial Operations for Businesses

The rise of banking super apps is changing how businesses manage finances. Unlike traditional banking apps, a super app combines many financial tools in one place. This unified approach simplifies operations and reduces complexity for finance teams.

A banking super app typically includes:

• Payment processing and cash management
• Treasury and liquidity management
• Foreign exchange and hedging tools
• Compliance monitoring and reporting
• Communication features like chat and video calls

By consolidating these functions, super apps eliminate the need for multiple platforms and manual data transfers. Finance teams can access everything they need from one interface, improving efficiency and reducing errors.

Siemens uses JPMorgan’s Liink blockchain network. It speeds up cross-border operations that used to take 3–5 business days. Now, transactions complete in just 12 seconds. Liink also integrates with JPMorgan’s API ecosystem, allowing Siemens to track transactions globally and manage banking risks from mobile.

The Commercial Bank of Dubai was the first in its region to deploy Liink. They partnered with Microsoft Copilot and added blockchain features. Their corporate super app has treasury and accounting tools, video chat with bankers, AI recommendations, and real-time reporting.

Here’s a comparison of traditional mobile banking apps and banking super apps:

Super apps are built for flexibility. They use modular architecture, allowing businesses to add or remove features as needed. This adaptability is crucial for organisations with changing requirements.

Additional advantages of banking super apps include:

• Centralised control over financial operations
• Improved collaboration between finance, treasury, and operations teams
• Faster onboarding for new users and departments

Real-Time Treasury Management: Achieving Instant Financial Visibility

Real-time treasury management is now vital for enterprises. The ability to see cash positions, forecast liquidity, and manage risk instantly greatly aids decision-making.

With real-time treasury management, finance teams can:

• Monitor global cash balances across accounts and currencies
• Forecast future cash flows using current data
• Automate transaction reconciliation
• Receive alerts for potential liquidity issues or unusual activity

These capabilities help organisations optimise working capital and respond quickly to market changes. Real-time data reduces errors and supports accurate planning.

Some practical benefits of real-time treasury management include:

• Faster identification of funding needs
• Better compliance with internal policies
• Enhanced ability to manage foreign exchange risk

“Real-time treasury management gives finance teams the confidence to act quickly and make informed decisions.”