"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" 

Sunday, October 30, 2011

Mobile Banking Updates - Oct 30

Mobile Banking App Usage in the U.S. Increases 45 Percent from Q4 2010
"comScore, Inc., a leader in measuring the digital world, today released an analysis of mobile financial services usage in the U.S. showing that 32.5 million Americans accessed mobile banking information on their devices at the end of Q2 2011 in June, representing 13.9 percent of all mobile users. The study also revealed that 12.7 million mobile users reported using banking apps, showing a notable increase of 45 percent from Q4 2010."

Mobile Banking Changes Fuzzy Within FFIEC’s New Rules
"Some may call it a convergence of three game-changing forces that are rewriting financial institution security at warp speed. First, there is the U.S. government demand that financial institutions – credit unions included – comply with new security guidelines issued by the interagency Federal Financial Institutions Examination Council to take effect in January 2012."

Connect with Mobile Banking: Part One in a Three-Part Series
"Today there are more than 5 billion mobile phone subscribers in the world, and penetration has now surpassed both the number of internet users and television viewers. Moving forward, mobile banking is set to be a natural extension for today’s consumers. Mobile banking isn’t the new technology, it’s the “now” technology your members expect."

Mobile wallet - who and what will be a winner?
"This week, McKinsey and EFMA issued a report on the future of mobile banking in Europe. Is it a surprise? Not exactly. What strikes me about the report is that whilst banks admit that they are not investing enough they do recognise that mobile banking is the way forward and will become the service of choice amongst consumers. What also strikes me is that banks have acknowledged that telcos and non-banks are leading the way."

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