As you may have noticed last week, Scotiabank announced the launch of a new mobile app, the Scotia iTRADE app. You can probably already assume what this new app will allow you to do; that’s right make trades on your mobile phone. Well specifically on your Android, iPhone or Blackberry.
Now we received word from our friends at the Royal Bank of Canada (RBC) that RBC does plan on launching mobile investing capabilities through the RBC Mobile app.
As it stands there are no details given on what features we can expect to have on the RBC Mobile app, but there are many I can expect to see.
Now I know a lot of people reading this, are probably thinking “it is about time” but remember, RBC was also one of the last major banks to actually introduce a mobile banking app. I remember when it was launched, they launched both the Blackberry and iPhone version at once; they even incorporated Blackberry maps into the mapping function.
The way I look at it is that they might take their time, but they are only working on producing the best product they can for their clients. You can’t exactly get angry at them for that, right?
What can we expect to see on the mobile investing side?
The way I see it, the mobile investing capabilities should allow you to:
- View personal account balances and holding
- View open order
- Execute trades
- Examine real time quotes, charts, and news
Basically I want to see what banks like TD already has incorporated into their TD mobile banking app.
I am not an avid investor so outside of the obvious I am not exactly certain what investors would like to see on a mobile app.
I do know that being able to trade on the go is definitely a plus, and people can definitely benefit from it.
What do you want to see in the RBC include when introducing mobile investing capabilities?