Green Banking
Taking Mobile Banking Corporate
Universal Banking Solution System Integration Consulting Business Process Outsourcing
It’s ironic that in a world that has gone mobile, corporate treasurers and CFOs are still tethered to their desks because they need computer access to issue approvals using corporate Internet banking. While consumer mobile banking has soared in recent years ever since the smartphone arrived on the scene, its corporate cousin is yet to take off. However, according to various industry participants, there is significant untapped demand for corporate mobile banking, as those finance professionals who use mobile banking in their personal lives – not just on mobile phones but on a variety of devices including tablets – want the same convenience at work. This optimism is corroborated by a recent survey of 267 bankers, in which over 40% of respondents said that they would likely use corporate mobile banking to check account balance or transfer funds. The treasurers among them were even more enthusiastic – more than half said that they would be interested in advanced corporate mobile banking functions including transaction approval and payment initiation, and more importantly, a sizeable number were willing to pay for these facilities. All of which naturally leads one to ask why corporate mobile banking isn’t a raging success yet. The single largest reason behind the poor adoption of corporate mobile banking is a serious concern about data security. But now it is hoped that improvement in the security perception, convenience, experience and consequent adoption of consumer mobile banking will rub off on the corporate version to give it a fillip in the near future. What is Corporate Mobile Banking? Corporate Mobile Banking is currently an abridged version of Corporate Internet Banking. Some banks have developed in-house solutions to enable their corporate customers operate company accounts using mobile devices to fulfill a variety of functions including
Universal Banking Solution System Integration Consulting Business Process Outsourcing
It’s ironic that in a world that has gone mobile, corporate treasurers and CFOs are still tethered to their desks because they need computer access to issue approvals using corporate Internet banking. While consumer mobile banking has soared in recent years ever since the smartphone arrived on the scene, its corporate cousin is yet to take off. However, according to various industry participants, there is significant untapped demand for corporate mobile banking, as those finance professionals who use mobile banking in their personal lives – not just on mobile phones but on a variety of devices including tablets – want the same convenience at work. This optimism is corroborated by a recent survey of 267 bankers, in which over 40% of respondents said that they would likely use corporate mobile banking to check account balance or transfer funds. The treasurers among them were even more enthusiastic – more than half said that they would be interested in advanced corporate mobile banking functions including transaction approval and payment initiation, and more importantly, a sizeable number were willing to pay for these facilities. All of which naturally leads one to ask why corporate mobile banking isn’t a raging success yet. The single largest reason behind the poor adoption of corporate mobile banking is a serious concern about data security. But now it is hoped that improvement in the security perception, convenience, experience and consequent adoption of consumer mobile banking will rub off on the corporate version to give it a fillip in the near future. What is Corporate Mobile Banking? Corporate Mobile Banking is currently an abridged version of Corporate Internet Banking. Some banks have developed in-house solutions to enable their corporate customers operate company accounts using mobile devices to fulfill a variety of functions including