"Brandon McGee, Industry Insider, Mobile Banking Guru...He is not only the real deal, a genuine industry insider, but also knows exactly what's on the minds of financial service pros as they contemplate the various mobile options." - Jim Bruene, Publisher & Founder, Online Financial Innovations

"Going Mobile. Local executive carves niche as national expert on fast-growing banking-industry technology trend" - Scott Olson, Indianapolis Business Journal (IBJ)

"Brandon McGee, the industry's unofficial ambassador for mobile banking" 

Monday, April 18, 2011

Mobile Banking Updates - Apr 18

Developers, not phones, driving mobile banking apps
"While the Android OS may be leading the smartphone pack in sales, it's not the phone for which banks are writing applications. That would the No. 3 iPhone instead. Banks are writing applications for mobile services such as account access and online bill pay for the iPhone because that's the phone for which most other industry developers are creating applications, says TowerGroup."

The spinning compass of mobile banking
"At the Asian Banker Summit in Hong Kong last week, the passion that the banking community displayed to be a leader in innovation and customer experience was very apparent. For the East, the fast adoption of mobile technology is already becoming a game-changing trend and the financial services, especially retail banking, sector has a focus on mobile banking."

Where once it grew, now Bank of America shutters branches
"Long known for expanding nationwide through blockbuster deals, Bank of America Corp. is now whittling away at its domain, branch by branch. The Charlotte-based bank closed 43 branches in the first quarter of this year and has filed notices to close 68 more, according to a McClatchy Newspapers analysis of federal filings. The data shows the bank closing the most branches in slower-growing states such as Michigan and New Jersey."

Fundtech on corporate mobile banking
"More than half the respondents said that developing their mobile corporate banking services is a top or very important priority, while 42 per cent rated their customer’s interest as either extremely or very high. It was not all good news, as while 31 per cent believe corporate mobile banking will become a competitive differentiator for their bank, 38 per cent see it becoming just another service delivery channel."

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