"While traditional banking is not going anywhere anytime soon, mobile is creeping up as a primary choice for banking, with some banks even going branchless in favor of the new medium.
Two banks, Simple and ING Direct, offer consumers branchless banking that emphasizes the consumer need for transacting at any time and from any place. Mobile has opened up new possibilities in the realm of banking and is pushing to the forefront of the vertical." Continue Reading
Showing posts with label Simple. Show all posts
Showing posts with label Simple. Show all posts
Wednesday, September 25, 2013
Sunday, June 16, 2013
Mobile Banking Updates - June 16
What Tops Consumers' Mobile Banking Wish List?
"As plastic and digital transactions boom, the use of paper checks is in decline. Although checks still represent about 20 percent of all non-cash payments, the Federal Reserve processes less than a third of the checks it did 20 years ago. With fewer checks in circulation, you may be surprised to learn that the most desired improvement to mobile banking is … the ability to deposit checks."
Big data to drive banks' mobile wallet strategies - Finextra research
"Research from Finextra finds that banks around the world are looking to discounted offers and big data analytics to beat off the competition from telcos and tech start-ups as they battle for control of the consumer mobile wallet. For the research - conducted on behalf of Clear2Pay and NGData - Finextra surveyed more than 183 bankers on the key issues around the monetisation of mobile payments."
Itinerant customers embracing mobile banking faster than military banks expected
"Many banks treat mobile banking like an ancillary service channel, but it’s quickly becoming the main game for the highly-mobile customers of USAA and Australia’s Defence Bank. The head of customer strategy for military bank United Services Automobile Association (USAA) admits to being “a little scared” after recently watching mobile banking services usage rocket past the levels initially expected by the end of 2015 — but he relishes the challenge as USAA and contemporaries like Australia’s Defence Bank embrace new technologies to keep the personal touch."
Banking goes mobile
"Dan Brower fished a much awaited check from his mailbox but didn’t have time to swing by his bank’s branch. So the Kansas City resident fired up his 2-week-old iPhone, and with just a flick of his finger — disappointment. Commerce Bank’s mobile banking app doesn’t accept deposits."
Portland banking startup Simple raising more money, filing suggests
"Portland online banking startup Simple Finance Technology Corp. is raising more money, according to a regulatory filing this afternoon. The filing suggests Simple, as the company is known commercially, has raised $2.3 million in new investment. But such filings often give an incomplete picture, and Simple said it will have more to say soon."
KeyBank Expands Mobile Capabilities for Commercial and Consumer Clients
"KeyBank is making banking more convenient for all clients - commercial and consumer - to manage money while on the move with an expanded suite of mobile banking services. 'We're seeing double-digit growth in our clients' use of consumer mobile banking, and we know our commercial clients have increasing interest in mobile,' said Matthew D. Lehman, head of KeyBank's Community Bank online and mobile banking. KeyBank's mobile banking use increased by 45 percent between 2011 and 2012."
Popular Community Bank Launches New iPad App in Latest Expansion of Mobile Banking Platform
"Popular Community Bank,* a subsidiary of Popular, Inc. and one of the nation’s premier community banks, expanded its “anywhere, anytime banking” program with the launch of its new application optimized for the iPad, available at the Apple iTunes store. The Popular Community Bank free iPad app compliments the bank’s iPhone® and Android™ apps, Business Mobile Banking and recently enhanced Internet banking. Through the iPad app customers can:"
"As plastic and digital transactions boom, the use of paper checks is in decline. Although checks still represent about 20 percent of all non-cash payments, the Federal Reserve processes less than a third of the checks it did 20 years ago. With fewer checks in circulation, you may be surprised to learn that the most desired improvement to mobile banking is … the ability to deposit checks."
Big data to drive banks' mobile wallet strategies - Finextra research
"Research from Finextra finds that banks around the world are looking to discounted offers and big data analytics to beat off the competition from telcos and tech start-ups as they battle for control of the consumer mobile wallet. For the research - conducted on behalf of Clear2Pay and NGData - Finextra surveyed more than 183 bankers on the key issues around the monetisation of mobile payments."
Itinerant customers embracing mobile banking faster than military banks expected
"Many banks treat mobile banking like an ancillary service channel, but it’s quickly becoming the main game for the highly-mobile customers of USAA and Australia’s Defence Bank. The head of customer strategy for military bank United Services Automobile Association (USAA) admits to being “a little scared” after recently watching mobile banking services usage rocket past the levels initially expected by the end of 2015 — but he relishes the challenge as USAA and contemporaries like Australia’s Defence Bank embrace new technologies to keep the personal touch."
Banking goes mobile
"Dan Brower fished a much awaited check from his mailbox but didn’t have time to swing by his bank’s branch. So the Kansas City resident fired up his 2-week-old iPhone, and with just a flick of his finger — disappointment. Commerce Bank’s mobile banking app doesn’t accept deposits."
Portland banking startup Simple raising more money, filing suggests
"Portland online banking startup Simple Finance Technology Corp. is raising more money, according to a regulatory filing this afternoon. The filing suggests Simple, as the company is known commercially, has raised $2.3 million in new investment. But such filings often give an incomplete picture, and Simple said it will have more to say soon."
KeyBank Expands Mobile Capabilities for Commercial and Consumer Clients
"KeyBank is making banking more convenient for all clients - commercial and consumer - to manage money while on the move with an expanded suite of mobile banking services. 'We're seeing double-digit growth in our clients' use of consumer mobile banking, and we know our commercial clients have increasing interest in mobile,' said Matthew D. Lehman, head of KeyBank's Community Bank online and mobile banking. KeyBank's mobile banking use increased by 45 percent between 2011 and 2012."
Popular Community Bank Launches New iPad App in Latest Expansion of Mobile Banking Platform
"Popular Community Bank,* a subsidiary of Popular, Inc. and one of the nation’s premier community banks, expanded its “anywhere, anytime banking” program with the launch of its new application optimized for the iPad, available at the Apple iTunes store. The Popular Community Bank free iPad app compliments the bank’s iPhone® and Android™ apps, Business Mobile Banking and recently enhanced Internet banking. Through the iPad app customers can:"
Thursday, May 24, 2012
Mobile Banking Updates - May 24
3 Keys to Mobile Security
"Mobile banking is being adopted by consumers at an increasing rate, but it's just one piece of the overall mobile financial services puzzle. As the mobility trend grows, banking institutions are still figuring out how far ahead they should look, and what strategies make the most sense. But Paul Smocer, president of BITS, the technology policy division of the Financial Services Roundtable, says most institutions are doing much more than some observers give them credit for doing. Banking/security leaders are very concerned about mobile, and they're doing what they can to anticipate risks."
TMG on the Future of Mobile Payments
"The Members Group, in a wide-ranging webinar, offered up a provocative view of a banking future that in lots of ways challenges every idea credit union executives hold. 'Financial institutions do not have a God-given right to control payments,' said TMG executive Brian Day, who led the webinar on Thursday. 'Alternative payment providers want this market.' He pointed to Google, possibly Apple, certainly PayPal as aggressively on the hunt for thickening slices of the payments pie. To compete in a complex payments marketplace, said Day, 'credit unions need to look at creating new value for members and merchants.'”
SAP® Mobile Apps Connect Businesses and Consumers - from the Boardroom to the Shopping Center
"Extending its commitment to drive mobile innovation from the enterprise to consumers, SAP AG SAP -2.22% today announced a new wave of mobile apps designed to help people be more efficient whether at work, at home or pursing leisure activities. With the help of a thriving partner ecosystem, the new SAP® mobile apps lay the foundation for growth by providing real-time mobile access to human resources (HR), sustainability, finance, sales and mobile commerce functions. This includes updated versions of existing SAP mobile apps available on more mobile platforms, including Android and RIM BlackBerry. The announcement was made at SAPPHIRE® NOW, being held in Orlando, Florida, May 14-16, 2012."
Simple: Online And Mobile Banking With Style
"New services providing financial management usually evoke doubtful feelings within us, as we tend to rely on big, long-time running companies with a good reputation rather than small competitors new to the game. More or less exactly two years ago, in May 2010, Alex Payne joined and co-founded a company called BankSimple with the imagination of a bank without fees, caring for support and responsible money treatment — plus a love for good design and usability concerning its user-end products. It already sounded like an ambitious goal the day he published his announcement post."
Mobile banking app launched
"The app called Apprivo is being sold directly to banks and building societies with National Counties being the first mutual to take up the app. Customers will be able to access their accounts, access up to date product information, transfer money from one account to another and send outstanding information and documents including photos of wage slips and P60s. Advisers will also be able to use the app to submit information on behalf of clients in the same way."
To gain a competitive advantage with mobile, CIO readiness is all
"Ask Angelo Valletta, CIO at Sun National Bank, about IT's role in the company's sure-handed launch of its mobile banking platform back in early 2010, and he talks about team effort. Gaining a competitive advantage by being one of the first banks of its size to offer mobile banking was the result of a 'team going in the same direction,' says Valletta, who also heads bank operations at Sun National, a subsidiary of Sun Bancorp Inc., both headquartered in Vineland, N.J. 'IT is not the tail wagging the dog here.'"
Ally Expands Into Mobile Banking
"The latest TV commercial from Ally Bank, “Grocery,” (above) touts the brand’s "people sense" which translates into customer-centricity as good business sense, specifically, Ally’s Raise Your Rate CD, one of their most popular products. Ally Bank, a direct bank in the U.S., is a subsidiary of Ally Financial Inc., and offers a full suite of financial services including 24/7 live customer care, online savings, interest checking, money market accounts, IRA Plans and products, CD’s, reimbursement of ATM fees nationwide, an Ally Perks debit card reward program, and is a member FDIC."
Simple Releases First Mobile Banking App, Hits #13 in Finance Category of iPhone App Store
"The much-anticipated launch of the first truly virtual consumer bank is fast approaching. How do we know? From its tweets, of course (see inset). Customers who joined the wait list in 2010 are being told publically that they will receive invites "before spring is over." Others are being told "early summer," "mid-to-late summer," "early fall" and "fall." Based on those responses, it looks the company plans to work through its entire 100,000 wait list within the next 6 months."
"Mobile banking is being adopted by consumers at an increasing rate, but it's just one piece of the overall mobile financial services puzzle. As the mobility trend grows, banking institutions are still figuring out how far ahead they should look, and what strategies make the most sense. But Paul Smocer, president of BITS, the technology policy division of the Financial Services Roundtable, says most institutions are doing much more than some observers give them credit for doing. Banking/security leaders are very concerned about mobile, and they're doing what they can to anticipate risks."
TMG on the Future of Mobile Payments
"The Members Group, in a wide-ranging webinar, offered up a provocative view of a banking future that in lots of ways challenges every idea credit union executives hold. 'Financial institutions do not have a God-given right to control payments,' said TMG executive Brian Day, who led the webinar on Thursday. 'Alternative payment providers want this market.' He pointed to Google, possibly Apple, certainly PayPal as aggressively on the hunt for thickening slices of the payments pie. To compete in a complex payments marketplace, said Day, 'credit unions need to look at creating new value for members and merchants.'”
SAP® Mobile Apps Connect Businesses and Consumers - from the Boardroom to the Shopping Center
"Extending its commitment to drive mobile innovation from the enterprise to consumers, SAP AG SAP -2.22% today announced a new wave of mobile apps designed to help people be more efficient whether at work, at home or pursing leisure activities. With the help of a thriving partner ecosystem, the new SAP® mobile apps lay the foundation for growth by providing real-time mobile access to human resources (HR), sustainability, finance, sales and mobile commerce functions. This includes updated versions of existing SAP mobile apps available on more mobile platforms, including Android and RIM BlackBerry. The announcement was made at SAPPHIRE® NOW, being held in Orlando, Florida, May 14-16, 2012."
Simple: Online And Mobile Banking With Style
"New services providing financial management usually evoke doubtful feelings within us, as we tend to rely on big, long-time running companies with a good reputation rather than small competitors new to the game. More or less exactly two years ago, in May 2010, Alex Payne joined and co-founded a company called BankSimple with the imagination of a bank without fees, caring for support and responsible money treatment — plus a love for good design and usability concerning its user-end products. It already sounded like an ambitious goal the day he published his announcement post."
Mobile banking app launched
"The app called Apprivo is being sold directly to banks and building societies with National Counties being the first mutual to take up the app. Customers will be able to access their accounts, access up to date product information, transfer money from one account to another and send outstanding information and documents including photos of wage slips and P60s. Advisers will also be able to use the app to submit information on behalf of clients in the same way."
To gain a competitive advantage with mobile, CIO readiness is all
"Ask Angelo Valletta, CIO at Sun National Bank, about IT's role in the company's sure-handed launch of its mobile banking platform back in early 2010, and he talks about team effort. Gaining a competitive advantage by being one of the first banks of its size to offer mobile banking was the result of a 'team going in the same direction,' says Valletta, who also heads bank operations at Sun National, a subsidiary of Sun Bancorp Inc., both headquartered in Vineland, N.J. 'IT is not the tail wagging the dog here.'"
Ally Expands Into Mobile Banking
"The latest TV commercial from Ally Bank, “Grocery,” (above) touts the brand’s "people sense" which translates into customer-centricity as good business sense, specifically, Ally’s Raise Your Rate CD, one of their most popular products. Ally Bank, a direct bank in the U.S., is a subsidiary of Ally Financial Inc., and offers a full suite of financial services including 24/7 live customer care, online savings, interest checking, money market accounts, IRA Plans and products, CD’s, reimbursement of ATM fees nationwide, an Ally Perks debit card reward program, and is a member FDIC."
Simple Releases First Mobile Banking App, Hits #13 in Finance Category of iPhone App Store
"The much-anticipated launch of the first truly virtual consumer bank is fast approaching. How do we know? From its tweets, of course (see inset). Customers who joined the wait list in 2010 are being told publically that they will receive invites "before spring is over." Others are being told "early summer," "mid-to-late summer," "early fall" and "fall." Based on those responses, it looks the company plans to work through its entire 100,000 wait list within the next 6 months."
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