Mobile Banking Updates - Jul 12

Making Up for Lost Ground in Mobile Banking
"Nearly every day, the financial technology press publishes new, eye-popping statistics on the trends in mobile banking and finance. Here are some of the more telling stats that I have seen recently: * By 2015, Forrester predicts that one in five US adults will be using mobile banking. * Mobile customers are the new "sweet spot" segment for the banks. They are younger, they are more affluent, and buy more financial products."

Why is USAA Building Financial Centers?
"USAA has always been known as a forward-thinking institution, especially when it comes to mobile banking - the San Antonio bank's military customer base necessitates a quick move by the institution into all things remote. USAA's efforts to serve a customer base that's always on the move has making it an incubator of sorts for remote access technology."

Area financial institutions roll out latest tech
"North Bay financial institutions are increasingly employing the latest generation of Web and mobile technologies, addressing a wave of consumer demand for conveniences that were once only within reach of large, national banks. Early adopters of these technologies, including Santa Rosa’s Summit State Bank and Community First Credit Union, have seen users readily embrace the new, free services, which allow functions like advanced money management and mobile check capture."

Quarter of mobile internet users 'use mobile banking services'
"Research from YouGov indicates that there is still room for growth in mobile banking. The research, commissioned by mobile web and app vendor Antenna, found that a quarter of UK mobile internet users use mobile banking services. Perhaps unsurprisingly, mobile banking is most popular with the young. 30% of 18-24 year olds and 33% of 24-34 year olds regularly use their mobiles to access their bank account."

Beefing up for mobile banking
"Banks are stepping up initiatives and making key investments in mobile banking in line with the industry's participation in this digital banking channel by the middle of next year. HSBC Bank Malaysia Bhd head of retail banking and wealth management Lim Eng Seong said competition in mobile banking would intensify as customers were getting more demanding."