Mobile Banking Updates - April 4

Misys introduces new online and mobile banking products
"Misys has launched a new innovative range of online and mobile banking products, Misys BankFusion Digital Channels, to enhance the way banks provide products and services via the internet or mobile devices. Misys BankFusion Digital Channels comprises a range of proven and mature modules covering online banking, mobile banking, personal financial management and internet brokerage, which enable banks to extend their services and add more value to their customers."

BII REPORT: The Mobile Banking Ecosystem Explained
"Over the years, retail banks have innovated to make personal banking more convenient and consumer-friendly. They've built sprawling branch networks, introduced credit cards, and developed automatic teller machines. In its latest evolution, banking is going mobile. With smartphones and tablets increasingly at the center of financial decisions — especially those of younger consumers — banks have to get their mobile strategies right. If they don't, they risk losing business to more mobile-savvy competitors, as well as tech companies like PayPal, that are developing their own payment and personal finance solutions."

HOW TO BUILD A WORLD-CLASS MOBILE BANKING STRATEGY
"Mobile has gotten a lot of attention at banks recently. In fact, other teams in a firm’s organization are starting to feel like Jan Brady, the voices in their heads chanting “Mobile Mobile Mobile!” But there’s good reason for the increased focus on mobile banking efforts: mobile is the most important strategic change in retail banking in over a decade. It is shifting your customers’ behavior, raising customers’ expectations, and opening up new opportunities for banks, their competitors, and new disruptors."

VIDEO: HOW TO PLAY THE MOBILE BANKING REVOLUTION
"I visited Fox Business Network on Thursday, March 21, to discuss my recent column on the “cashless craze” and some stocks that investors can buy to play the trend. We hop around a bit, but the stocks highlighted here include:"

Fed: Mobile banking on the rise
"Mobile banking is continuing to gain a foothold in the United States, according to a new survey from the Federal Reserve. The percentage of mobile phone owners using that technology for banking and other financial purposes was on the rise at the end of 2012. Twenty-eight percent of all mobile phone users, and nearly half of smartphone users, reported they had used their devices for banking purposes in the last year. Those numbers represent a 33 percent increase from the last Fed survey on the issue at the end of 2011."