Most financial transactions are now carried out online, and visiting physical banks for banking purposes is no longer preferred by people around the world. If you analyze the past few years, you will see a significant increase in the number of people who have leveraged online baking.
This technology & internet revolution has elevated the financial industry to a new level. Different types of mobile applications are being introduced every now and then, like mobile banking apps, personal finance apps, expense tracking apps,s, etc.
Buying equity, applying for IPO, and knowing account funds and past transaction history all of these things can be made through using mobile applications. People are now managing their personal finance more efficiently through expense tracking applications.