Mobile banking is performing banking and other financial functions through mobile phones. Customers can use the phone to make payments, check balances, transfer money between accounts, notify the bank of a lost credit card, stop payment on a cheque...

The present scenario in the insurance industry with respect to customer registration or enrolment, premium calculation and premium collection is grim.  All processes require manual filling up of forms that are later scanned with the insured’s photograph. These are then sent to a back office  for further processing...