Silicon Valley Bank launches mobile app for businesses

Source: Silicon Valley Bank

Silicon Valley Bank, financial partner to technology and life science companies of all sizes, launched Apple® and Android™ mobile banking apps for its commercial clients in the US.

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 smart phone.

"The SVB mobile banking app is very intuitive," said Cyriac Roeding, CEO of Shopkick. "It's a great basis for further functionality, and the account overview is simple."

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

"The app works the way our clients want to work because we engaged some of our most innovative clients throughout the design process," said Bruce Wallace, Chief Operating Officer of Silicon Valley Bank. "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."

With simple design and seamless integration with online banking services, Silicon Valley Bank's mobile application is easy to use and has many of the same security features used in the online banking platform, including data encryption, user authentication, and multiple access controls.

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