Last updated: May 12, 2025

Thanks to mobile banking, you don’t have to spend the better part of the day waiting in line at your local bank to deposit a check or transfer funds. Today, mobile banking apps have revolutionized how we manage our finances, providing convenient access to our accounts and financial information at any time, from anywhere. 

Mobile banking has transformed the way users spend, save, and manage their finances. To better learn what your mobile banking app can do for you and your financial goals, it helps to understand what the future of banking looks like. 

Read on as we explore the latest banking industry news and the innovations and developments we can expect in the following years. 

Personalized banking experiences

Mobile banking has changed the way we handle our finances. It's no longer just a digital version of physical banking —it's a personalized platform for managing our money. Mobile apps and digital banks can now offer customized financial insights and advice with the help of big data analytics. 

For example, they can analyze our spending patterns and provide budgeting tips, real-time suggestions on how to save more, and reminders of recurring payments and upcoming bills. With the right banking app, we can receive relevant information at the right time to help manage our money with ease.

The rise of cardless ATMs

Did you know that you can now withdraw cash from ATMs without needing a physical card? It's possible thanks to cardless ATMs. These machines use secure identification methods like PINs sent via text messages or biometric methods such as fingerprint scans or facial recognition. Some cardless ATMs even use mobile apps to generate near-field communication (NFC) or QR codes to authorize withdrawals. 

The best part is that going cardless reduces the risk of card-related fraud. Biometric authentication methods are harder to replicate or steal than a simple PIN, making your accounts safer. 

The increasing use of automated payments and banking transactions

Mobile banking is continuously evolving to become more convenient and secure, thanks to the rise of automation. You can now easily manage your finances from your phone by scheduling bill payments and setting up regular expense payments, like subscriptions and utility bills. 

With automated banking, you may be able to transfer funds between accounts instantly and enjoy real-time payments (RTP) that provide quick access to your money. Plus, automated banking transactions offer better security, including biometric verification methods, behavior analysis, and real-time fraud detection. You can rest assured that your financial activities are safe and protected from unauthorized access.

The growing popularity of mobile banking for deposits, account transfers, and spending and earning monitoring

If you’re looking for ways to stay on top of your spending habits, avoid overdraft fees, and maintain a healthy budget, you’ll be glad to know that today’s mobile banking apps can help you monitor that.

Mobile banking offers a detailed view of your finances with real-time alerts and detailed earnings reports. You can see your expenses, earnings, and spending over time—giving you insights you need to make informed financial decisions and better manage your budget. 

The arrival of conversational banking

Mobile banking apps are getting smarter, especially with the rise of AI virtual assistants. These assistants can help you with everything from managing your accounts to providing customer support, and you can talk to them like you would talk to a person. 

They're also getting better at giving you financial advice tailored to your spending and saving habits and goals. By analyzing spending patterns and saving habits, mobile banking apps can provide personalized tips and strategies for budgeting and investing. 

Best of all, with AI-powered chatbots, it’s now possible for you to receive assistance or find further resources to resolve your queries 24/7. As these virtual assistants evolve, they will be increasingly capable of handling a wider variety of inquiries, such as checking account balances and making financial recommendations to users. 

Get ready for the future of banking with an app that lets you spend on your terms

The future of banking is exciting, especially with trends like increasing digitization, personalization, automation, and cardless transactions at the forefront. However, these developments also indicate that the financial landscape is rapidly transforming how we interact with our finances. Staying updated with the latest banking trends is crucial in maximizing mobile banking and taking control of your finances. 

Set yourself up for success right from the start by choosing Dave, the banking app that puts you in control of how you spend, manage, and deposit money.  With a Dave Checking account, you have plenty of options for adding money. You can directly deposit your paychecks, make a one-time or recurring transfer with Apple Pay® or Google Pay™, or cash a check in the Dave app.1 

Want a smart and convenient tool to help grow your savings? Save for your next big milestone with the Dave Checking account, which multiplies your cash with a 4.00% annual percentage yield (APY).2 Join Dave today and download the app on Google Play or the App Store to get started. 

Get the banking
app made for you

Get started today
Download iOSDownload Android

Dave is not a bank. © 2025 Dave Operating LLC. All Rights Reserved.

Dave IconfacebookDave IconinstagramDave IcontwitterDave Iconlinkedin

Evolve Bank & Trust, Member FDIC or another partner bank provides deposit accounts and issues the Dave Debit Card under a license from Mastercard.®

All trademarks and brand names belong to their respective owners and do not represent endorsements of any kind.

1Ingo Money is a service is provided by Sunrise Banks, N.A. and Ingo Money, Inc., subject to the Sunrise Banks and Ingo Money service Terms & Conditions, the Ingo Money Privacy Policy and the Sunrise Banks, N.A. Privacy Policy. Approval review usually takes 3 to 5 minutes but can take up to one hour. All checks are subject to approval for funding in Ingo Money’s sole discretion. Fees apply for approved Money in Minutes transactions funded to your card or account. Unapproved checks will not be funded to your card or account. Ingo Money reserves the right to recover losses resulting from illegal or fraudulent use of the Ingo Money Service. Your wireless carrier may charge a fee for data usage. Additional transaction fees, costs, terms and conditions may be associated with the funding and use of your card or account. See your Deposit Account Agreement for details. Ingo Money service is not available for use within the state of New York.

2Rates accurate as of 8/1/23. The interest rates and annual percentage yields (APY) are variable and may change at any time at our discretion. No minimum deposit or minimum balance requirements. Fees could reduce earnings on the account.