Silicon Valley Bank, financial partner to technology and life science companies of all sizes, has launched Apple and Android mobile banking apps for its commercial clients in the US. It was announced Tuesday, March 26.
Designed specifically to help Silicon Valley Bank’s technology-focused clients, the app helps users manage their finances, schedule and approve payments, and transfer funds securely from the convenience of a tablet or smartphone.
Using their existing online banking credentials, Silicon Valley Bank’s clients can log into the mobile banking app to complete a variety of tasks:
Monitor SVB commercial bank accounts and related transaction history
Receive push notifications for pending wires and approve wires on the go
Schedule outgoing wires and transfers between SVB accounts
Use simple navigation to sort, filter, and search accounts and transaction history
“Our mobile applications integrate with our online banking platform allowing our clients to, for example, initiate transactions via the app on their tablets, review those transactions in online banking, and approve transactions via the app on their phone. It’s flexible,” said Bruce Wallace, chief operating officer of Silicon Valley Bank.
With simple design and seamless integration with online banking services, Silicon Valley Bank’s mobile application has many of the same security features used in the online banking platform, including data encryption, user authentication, and multiple access controls.