Indian banks flip the switch on unified mobile banking platform
"India's push to provide access to financial services through mobile means took another step forward when Shri P. Chidambaram, India's Finance Minister, recently announced the launch of a National Unified USSD Platform by India's National Payment Corporation.
The NUUP allows the millions of Indians who lack access to physical banking locations use a single SMS texting number to access services across all banks, regardless of wireless service provider, mobile handset maker or region."
Safaricom opens M-Pesa mobile banking service
"Safaricom is to begin offering M-Pesa customers a new mobile banking service, offering interest-bearing deposit accounts and loans. The telco has partnered with Kenay's largest commercial bank, CBA, to create the account, dubbed M-Shwari, which can be activated on deposits as low as one shilling.
Safaricom CEO Bob Colllymore says M-Shwari will have no ledger fees, no limits on the frequency of withdrawals, no minimum operating balance and no charges on deposits for M-Pesa to M-Shwari accounts."
CBA responds to mobile banking demand
"In response to customer demand for a simple, personalised and mobile banking experience, Commonwealth Bank (CBA) will be launching Kaching for Facebook, a redesigned Kaching for Android App and new sharing and tagging capability in NetBank.
For the first time in Australia, CommBank will launch SmartSign technology that will allow Asset Finance customers to execute loan documents electronically from anywhere in the world."
Mobile banking in South Africa: Can MTN crack the market second time around?
"The network has partnered with the South African Bank of Athens as well as retailers Pick n Pay and Boxer Stores to introduce Mobile Money, it announced last week.
Mobile Money is operated by TYME, a distribution channel of the South African Bank of Athens. The service allows customers to make payments from their mobile phones, including person-to-person money transfers as well as purchase prepaid electricity and airtime vouchers."
Banking services in your palm, just dial *99# from any handset
"Checking your bank balances or placing a request for a cheque book has been made as simple and hassle-free as dialling *99# from your mobile.
Just dial *99# from your mobile of any make, every banking service, be it fund transfer or checking balances, comes at platter.
Formally rolled out by Finance Minister P Chidambaram last Saturday at the national banking conference in Pune, as part of the government's financial inclusion programme, the service, one of the unique empowerment initiatives, is being facilitated by National Payment Corporation of India (NPCI)."
Mobile Banking SA Conference to address untapped opportunities outside the formal banking sector
"Developing simple, user-friendly mobile banking services with low-technology orientated solutions opens a world of opportunities for financial institutions who swiftly role out mobile banking offerings to the informal banking sector.
The Mobile Banking Southern Africa Conference to take place on the 13 & 14 March 2013, at the Emperors Palace, Johannesburg, will focus on why financial institutions cannot afford to lag behind with development of mobile banking products that service over 27% of South Africans that are unbanked and the 10% that are under-banked."
Mobile banking trend sparks fear of new fees
"Small businesses are worried that so-called mobile wallets will give banks and credit card companies a new way to gouge them and consumers both.
A task force recommended nearly a year ago that Ottawa introduce legislation to give Canadians and businesses better tools to make payments digitally.
But a committee set up by the Finance Department to further study the issue has been told businesses worry they’ll be hit with new fees as consumers adopt payment systems designed for their mobile devices."
Showing posts with label Commonwealth Bank. Show all posts
Showing posts with label Commonwealth Bank. Show all posts
Tuesday, December 4, 2012
Wednesday, July 11, 2012
International Mobile Banking Updates - Jul 11
New Mobile App Tool Encourages Canadians To Make Small Sacrifices For Long-term Savings
"ING DIRECT today announced a new addition to its existing mobile banking app for Apple® and Android™ devices. Called Small Sacrifices, this new tool helps Canadians visualize how foregoing everyday indulgences and redirecting that money through small incremental deposits can lead to big savings over the long term. In a new poll commissioned by ING DIRECT, 52% of Canadians surveyed said that if they could better visualize what foregoing their daily, weekly and monthly spending on non-essential purchases would save them over the short and long term, they would change their spending habits."
Boon to mobile banking in PH
"Mobile banking— one of the key tools rural banks regularly utilize to serve its clientele in the countryside—gets a much-needed shot in the arm after the United States Agency for International Development (Usaid) recently collaborated with Citigroup Inc. to further encourage the use of mobile banking in rural communities in several countries, including the Philippines."
Chart: Transactions Vs Amount Using Mobile Banking In India During Aug 2011-May 2012
"The number of transactions using mobile banking in India have gone up by 68.86% while the amount has increased by 102.65% taking into consideration the period from August 2011 to May 2012. The average amount per transaction stood at Rs 731.83, though we believe that the transaction information shared by the RBI with us includes both payment and non payment related transactions."
CBA launches new mobile banking innovations
"The Commonwealth Bank is making mobile banking more accessible to small businesses, rolling out a number of new innovations to its social payments app CommBank Kaching this week. Since launching Kaching for the iPhone last year, the app has been downloaded over 365,000 times and seen over $1 billion worths of transfer made. Now, the Commonwealth Bank has announced that the ‘peer-to-peer’ mobile payment app is now available for Google Android smartphones."
Use of Mobile Banking Services Expected to Triple in Finland
"According to a survey conducted by TNS Gallup, the use of mobile banking services is expected to triple in Finland. During the last 12 months, 11% of Finns aged between 16 and 60 years have used mobile banking services and 30% would like to use them in the future. Mobile service is seen as a complementary channel and will not, however, replace other service channels in the near future*."
Kenya's mobile payment revolution
"The mobile banking revolution has already happened, but it has nothing to do with Apple, Google, or Microsoft, and isn't in the US, Europe, or Japan. Instead, it started with a service called m-Pesa that launched in Kenya in 2007. Just three years later, the service had been used by more than half the Kenyan population and as of March of this year it had been used by 15 million people in the country."
BDO, Smart bring mobile banking to new heights
"BDO Unibank Inc. has been making banking more convenient for the public with the use of mobile phone technology. With the mobile phone and a Smart prepaid card, BDO customers can practically do bank transactions anywhere, anytime. With the help of leading telecommunications provider Smart Communications Inc. (Smart), BDO introduced the Smart Money prepaid card that also serves as an automated teller machine (ATM), and a debit card."
Retail Banking in Slumdog City Seen Booming With Wireless
"For a good look at the future of retail banking -- and mobile-phone profits -- in the developing world, consider the competition between corporate giants in Dharavi, the Indian shantytown that was the setting for the film 'Slumdog Millionaire.' And also consider that they are copying a strategy already used, with great success, in Kenya.
"ING DIRECT today announced a new addition to its existing mobile banking app for Apple® and Android™ devices. Called Small Sacrifices, this new tool helps Canadians visualize how foregoing everyday indulgences and redirecting that money through small incremental deposits can lead to big savings over the long term. In a new poll commissioned by ING DIRECT, 52% of Canadians surveyed said that if they could better visualize what foregoing their daily, weekly and monthly spending on non-essential purchases would save them over the short and long term, they would change their spending habits."
Boon to mobile banking in PH
"Mobile banking— one of the key tools rural banks regularly utilize to serve its clientele in the countryside—gets a much-needed shot in the arm after the United States Agency for International Development (Usaid) recently collaborated with Citigroup Inc. to further encourage the use of mobile banking in rural communities in several countries, including the Philippines."
Chart: Transactions Vs Amount Using Mobile Banking In India During Aug 2011-May 2012
"The number of transactions using mobile banking in India have gone up by 68.86% while the amount has increased by 102.65% taking into consideration the period from August 2011 to May 2012. The average amount per transaction stood at Rs 731.83, though we believe that the transaction information shared by the RBI with us includes both payment and non payment related transactions."
CBA launches new mobile banking innovations
"The Commonwealth Bank is making mobile banking more accessible to small businesses, rolling out a number of new innovations to its social payments app CommBank Kaching this week. Since launching Kaching for the iPhone last year, the app has been downloaded over 365,000 times and seen over $1 billion worths of transfer made. Now, the Commonwealth Bank has announced that the ‘peer-to-peer’ mobile payment app is now available for Google Android smartphones."
Use of Mobile Banking Services Expected to Triple in Finland
"According to a survey conducted by TNS Gallup, the use of mobile banking services is expected to triple in Finland. During the last 12 months, 11% of Finns aged between 16 and 60 years have used mobile banking services and 30% would like to use them in the future. Mobile service is seen as a complementary channel and will not, however, replace other service channels in the near future*."
Kenya's mobile payment revolution
"The mobile banking revolution has already happened, but it has nothing to do with Apple, Google, or Microsoft, and isn't in the US, Europe, or Japan. Instead, it started with a service called m-Pesa that launched in Kenya in 2007. Just three years later, the service had been used by more than half the Kenyan population and as of March of this year it had been used by 15 million people in the country."
BDO, Smart bring mobile banking to new heights
"BDO Unibank Inc. has been making banking more convenient for the public with the use of mobile phone technology. With the mobile phone and a Smart prepaid card, BDO customers can practically do bank transactions anywhere, anytime. With the help of leading telecommunications provider Smart Communications Inc. (Smart), BDO introduced the Smart Money prepaid card that also serves as an automated teller machine (ATM), and a debit card."
Retail Banking in Slumdog City Seen Booming With Wireless
"For a good look at the future of retail banking -- and mobile-phone profits -- in the developing world, consider the competition between corporate giants in Dharavi, the Indian shantytown that was the setting for the film 'Slumdog Millionaire.' And also consider that they are copying a strategy already used, with great success, in Kenya.
Tuesday, May 22, 2012
International Mobile Banking - May 22
Mobile payment on the way, but who’s driving the bus?
"The Canadian Bankers Association announced on Monday what amounts to the next step in the evolution of how Canadians buy stuff. Sometime soon — details are not provided — we will be able to buy stuff in stores with a mobile phone thanks to a new set of common guidelines over how electronic information is exchanged agreed to by the country’s big banks and credit unions. It is hoped that the guidelines will pave the way for a transformation in the way Canadians interact with retailers, an acknowledgement of the growing importance of smartphones in the way we live our lives."
Commonwealth taps into mobile banking
"Commonwealth Bank Indonesia, a subsidiary of Commonwealth Bank of Australia, is tapping into the growing mobile-phone banking market in the country as the total number of middle-class consumers continues to expand in the largest economy in Southeast Asia. 'Up to 80 percent of [the Indonesian] population is younger than 40 years old, 35 percent of them use social media. If you look at the way people interact and travel in Indonesia, mobile phones play a key part,' Commonwealth Bank Indonesia’s director of retail and business banking, Ian Phillip Whitehead, said in Singapore on Friday."
Firstly in Georgia – mobile banking for iPhone and Android
"In May 15, 2012, 13:00 PM, TBC Bank will open its new branch on Vaja-Pshavela avenue 49 and will present the most comfortable and ultramodern distance banking service – special versions of mobile banking for iPhones and Androids. Mobile Bank applications will be presented by Vakhtang Butskhrikidze, CEO. TBC is the first bank in Georgia to offer its customers mobile bank applications on Apple Store which could be downloaded and used from 7th of May, 2012. More than 400 customers already use TBC’s mobile bank applications. Applications for Android phones are also ready and will be available almost immediately."
Can mobile banking boost financial inclusion in Nigeria? "Nigeria’s telecommunications sector has been one of the country’s star performers over the past decade. According to Standard Bank, Nigeria is already the world’s tenth-largest mobile market. South African mobile operator MTN closely studied the Nigerian market for three years before it entered the country in 2001. Today MTN Nigeria has over 40 million subscribers, its biggest market out of the 21 countries where it operates. Many other brands such as Glo, Airtel and Etisalat have also launched operations in Nigeria."
How mobile banking can help Asia's poor
"The iPhone has become a symbol of something Steve Jobs never envisioned: Chinese sweatshops. Any of us (full disclosure: This includes me) who use one of Apple's smartphones, iPads or iPods is, at least indirectly, supporting the exploitation of electronics factory workers in China. Yet, what if the iPhone is a key to ending the poverty that forces so many Asians to toil in such abhorrent conditions?"
Rogers and CIBC make joint deal for NFC mobile payments in Canada, let you check out with your BlackBerry
"Canadians sometimes can't catch a break: while NFC payments have been relatively common for Americans, Europeans and certainly the Japanese, Canucks have had to largely make do paying with ye olde credit carde. Rogers and national bank CIBC want to put an end to these antediluvian ways: starting later this year, CIBC card holders will just need to swipe an NFC-equipped BlackBerry like the Bold 9900 (Bold 9930 for CDMA-loving Americans) at a matching terminal to pay at a given store. The only special requirement is a secure SIM card that gives customers the freedom to change phones, even if it does create problems switching banks or carriers down the line. We're just hoping that Android and other platforms get the same treatment and let more of our Canadian friends pay for poutine that much faster."
Out of Africa: Trade, Technology, and Knowledge—Part 2, Mobile Wallet and Banking Revolution
"Greater information technology share and investment through regional and South-South relationships is ushering the growth of an information technology revolution in Africa. This burgeoning African information technology revolution is not just limited to cyber cafes, media and online university level courses, but it is also allowing Africans to leap frog in the application and use of mobile phones. While energy and infrastructure constraints provide challenges to the growth of this industry, approximately 70 percent of Africans have a mobile phone. Mobile phones are being used to overcome challenges greater than the basic day-to-day needs. They have been crucial in allowing an increase of media access, medical doctors to see patients from a distance (particularly in remote villages), and mobile banking. I spoke about these opportunities and some creative ways of using mobile banking technology with Beamit CEO Matt Oppenheimer."
Barclays Pingit Mobile Banking (UK Only)
"It was with great surprise that I saw Barclays Pingit being advertised whilst watching Food Network UK this morning. This app allows users to send money to and from each other via their mobile phone numbers. I’m not sure if you folks in the United States have something similar — although I seriously suspect that you do and have had such a thing for months if not years before us. But this app, in my opinion certainly, has the ability to change how we use money."
India’s Mobile Banking Ekosystem
"Mobile banking is just one of the reasons India is a place to watch for innovations in financial inclusion. This short film profiles one such innovation, Eko, to see how businesses chasing the fortune at the base of the pyramid are serving the needs of poor customers in India. Five years’ ago, Abhishek and Abhinav Sinha created a software program that allows migrant workers in cities across India to send money to their families using a cellphone. Now their company, Eko Financial Services Ltd., is working with two major banks, the State Bank of India and ICICI, India’s second largest bank, to offer financial services to poor and low income customers using local corner stores, pharmacies, and airtime resellers as agents."
Mobile banking takes off in Rwanda
"BANKS IN Rwanda are turning to mobile phones in an effort to improve service delivery and cut costs as competition intensifies. It is now possible to pay electricity bills, top up airtime, order cheque books, pay DSTV bills and transfer money using a mobile phone. This is in sharp contrast to two years ago, when banks in Kigali limited mobile banking to basic transactions such as checking the account balance and getting financial statements."
"The Canadian Bankers Association announced on Monday what amounts to the next step in the evolution of how Canadians buy stuff. Sometime soon — details are not provided — we will be able to buy stuff in stores with a mobile phone thanks to a new set of common guidelines over how electronic information is exchanged agreed to by the country’s big banks and credit unions. It is hoped that the guidelines will pave the way for a transformation in the way Canadians interact with retailers, an acknowledgement of the growing importance of smartphones in the way we live our lives."
Commonwealth taps into mobile banking
"Commonwealth Bank Indonesia, a subsidiary of Commonwealth Bank of Australia, is tapping into the growing mobile-phone banking market in the country as the total number of middle-class consumers continues to expand in the largest economy in Southeast Asia. 'Up to 80 percent of [the Indonesian] population is younger than 40 years old, 35 percent of them use social media. If you look at the way people interact and travel in Indonesia, mobile phones play a key part,' Commonwealth Bank Indonesia’s director of retail and business banking, Ian Phillip Whitehead, said in Singapore on Friday."
Firstly in Georgia – mobile banking for iPhone and Android
"In May 15, 2012, 13:00 PM, TBC Bank will open its new branch on Vaja-Pshavela avenue 49 and will present the most comfortable and ultramodern distance banking service – special versions of mobile banking for iPhones and Androids. Mobile Bank applications will be presented by Vakhtang Butskhrikidze, CEO. TBC is the first bank in Georgia to offer its customers mobile bank applications on Apple Store which could be downloaded and used from 7th of May, 2012. More than 400 customers already use TBC’s mobile bank applications. Applications for Android phones are also ready and will be available almost immediately."
Can mobile banking boost financial inclusion in Nigeria? "Nigeria’s telecommunications sector has been one of the country’s star performers over the past decade. According to Standard Bank, Nigeria is already the world’s tenth-largest mobile market. South African mobile operator MTN closely studied the Nigerian market for three years before it entered the country in 2001. Today MTN Nigeria has over 40 million subscribers, its biggest market out of the 21 countries where it operates. Many other brands such as Glo, Airtel and Etisalat have also launched operations in Nigeria."
How mobile banking can help Asia's poor
"The iPhone has become a symbol of something Steve Jobs never envisioned: Chinese sweatshops. Any of us (full disclosure: This includes me) who use one of Apple's smartphones, iPads or iPods is, at least indirectly, supporting the exploitation of electronics factory workers in China. Yet, what if the iPhone is a key to ending the poverty that forces so many Asians to toil in such abhorrent conditions?"
Rogers and CIBC make joint deal for NFC mobile payments in Canada, let you check out with your BlackBerry
"Canadians sometimes can't catch a break: while NFC payments have been relatively common for Americans, Europeans and certainly the Japanese, Canucks have had to largely make do paying with ye olde credit carde. Rogers and national bank CIBC want to put an end to these antediluvian ways: starting later this year, CIBC card holders will just need to swipe an NFC-equipped BlackBerry like the Bold 9900 (Bold 9930 for CDMA-loving Americans) at a matching terminal to pay at a given store. The only special requirement is a secure SIM card that gives customers the freedom to change phones, even if it does create problems switching banks or carriers down the line. We're just hoping that Android and other platforms get the same treatment and let more of our Canadian friends pay for poutine that much faster."
Out of Africa: Trade, Technology, and Knowledge—Part 2, Mobile Wallet and Banking Revolution
"Greater information technology share and investment through regional and South-South relationships is ushering the growth of an information technology revolution in Africa. This burgeoning African information technology revolution is not just limited to cyber cafes, media and online university level courses, but it is also allowing Africans to leap frog in the application and use of mobile phones. While energy and infrastructure constraints provide challenges to the growth of this industry, approximately 70 percent of Africans have a mobile phone. Mobile phones are being used to overcome challenges greater than the basic day-to-day needs. They have been crucial in allowing an increase of media access, medical doctors to see patients from a distance (particularly in remote villages), and mobile banking. I spoke about these opportunities and some creative ways of using mobile banking technology with Beamit CEO Matt Oppenheimer."
Barclays Pingit Mobile Banking (UK Only)
"It was with great surprise that I saw Barclays Pingit being advertised whilst watching Food Network UK this morning. This app allows users to send money to and from each other via their mobile phone numbers. I’m not sure if you folks in the United States have something similar — although I seriously suspect that you do and have had such a thing for months if not years before us. But this app, in my opinion certainly, has the ability to change how we use money."
India’s Mobile Banking Ekosystem
"Mobile banking is just one of the reasons India is a place to watch for innovations in financial inclusion. This short film profiles one such innovation, Eko, to see how businesses chasing the fortune at the base of the pyramid are serving the needs of poor customers in India. Five years’ ago, Abhishek and Abhinav Sinha created a software program that allows migrant workers in cities across India to send money to their families using a cellphone. Now their company, Eko Financial Services Ltd., is working with two major banks, the State Bank of India and ICICI, India’s second largest bank, to offer financial services to poor and low income customers using local corner stores, pharmacies, and airtime resellers as agents."
Mobile banking takes off in Rwanda
"BANKS IN Rwanda are turning to mobile phones in an effort to improve service delivery and cut costs as competition intensifies. It is now possible to pay electricity bills, top up airtime, order cheque books, pay DSTV bills and transfer money using a mobile phone. This is in sharp contrast to two years ago, when banks in Kigali limited mobile banking to basic transactions such as checking the account balance and getting financial statements."
Tuesday, May 15, 2012
International Mobile Banking Updates - May 15
Mobile money transfers reach 16 percent of sub-Saharan African population
"Money transfer via mobile phones has expanded to 16 percent of the total population in sub-Saharan Africa, according to a new World Bank study that provides a global picture for how people save, borrow, make payments and manage risk. The Global Financial Inclusion Database, or Global Findex, has found only 3 percent of the population in the rest of the world take advantage of money transfers through mobile phones."
A bank that can go anywhere, anytime, and fits in the pocket
"This bank can go anywhere, is open anytime, and fits inside the pocket of your jeans. And this is what Citibank has unveiled – its complete suite of Mobile Banking Applications for today’s widely popular smartphones such as iPhone, Blackberry and Android phones. Aneth Ng-Lim, Citibank Country Corporate Affairs, said in a roundtable discussion with the media that their free mobile app was designed to fit the lifestyle of their clients who are always on the go and have a need to constantly access their accounts."
Uganda: Housing Finance Set to Introduce Mobile Banking
"Housing Finance Bank (HFB) has moved to introduce a virtual Bank account scheme which enables clients to effect payments and money transfers. The all inclusive account which is a partnership with MCash Uganda limited was unveiled last week and allows HFB customers to save and send money within Uganda."
International Finance Corp., MasterCard Foundation working to expand microfinancing in Africa
"The World Bank partner devoted to developing the private sector and The MasterCard Foundation will spend millions of dollars so more impoverished Africans can get loans and other financial services, officials said Monday. At a Johannesburg news conference Monday, officials from the International Finance Corporation, which is part of the World Bank group, and The MasterCard Foundation said they would spend $37.4 million over five years to support banks and other institutions across Africa that provide small loans, a strategy known as microfinancing. People around the world have used such loans to lift themselves out of poverty by starting or expanding small businesses, sending children to school or buying fertilizer for subsistence farms."
Rabobank releases mobile banking app for Windows Phone
"Rabobank, one of the largest banks in the Netherlands, has released a mobile banking app for Windows Phone. Like its counterparts for Android, Blackberry and iOS, the Rabo Banking App lets users take care of their banking needs, be it checking their balance, viewing account history or making transfers, wherever they may be."
Bank of Ireland launches mobile banking app
"From midnight tonight, those who bank with Bank of Ireland will be able to download a new mobile banking app for the iPhone from the Apple App Store. According to Bank of Ireland, the new app will deliver high-speed, secure bank account access to the 500,000 personal customers who have signed up for its online banking service."
Commonwealth Bank tapping into growing mobile banking market
"Commonwealth Bank Indonesia, a subsidiary of Commonwealth Bank of Australia, is tapping into growing mobile banking market in the country, benefiting the increasing number of middle-class people in the largest economy in Southeast Asia. 'Up to 80 percent of [the Indonesian] population is less than 40 years old, 35 percent of whom use social media. If you look at the way people interact and travel in Indonesia, mobile is the key part of that,' Commonwealth Bank director of retail and business banking, Ian Phillip Whitehead, said in Singapore on Friday."
Kiwibank app fights 'soulless' banking
"All banks want their customers to love them – but the drawcard feature of Kiwibank's first mobile banking app may make banking relationships even more intimate. Due to be released this week, the bank's iPhone app has the unique feature, when it comes to mobile banking, of assigning customers their own online relationship manager to help deal with any queries via text or email."
"Money transfer via mobile phones has expanded to 16 percent of the total population in sub-Saharan Africa, according to a new World Bank study that provides a global picture for how people save, borrow, make payments and manage risk. The Global Financial Inclusion Database, or Global Findex, has found only 3 percent of the population in the rest of the world take advantage of money transfers through mobile phones."
A bank that can go anywhere, anytime, and fits in the pocket
"This bank can go anywhere, is open anytime, and fits inside the pocket of your jeans. And this is what Citibank has unveiled – its complete suite of Mobile Banking Applications for today’s widely popular smartphones such as iPhone, Blackberry and Android phones. Aneth Ng-Lim, Citibank Country Corporate Affairs, said in a roundtable discussion with the media that their free mobile app was designed to fit the lifestyle of their clients who are always on the go and have a need to constantly access their accounts."
Uganda: Housing Finance Set to Introduce Mobile Banking
"Housing Finance Bank (HFB) has moved to introduce a virtual Bank account scheme which enables clients to effect payments and money transfers. The all inclusive account which is a partnership with MCash Uganda limited was unveiled last week and allows HFB customers to save and send money within Uganda."
International Finance Corp., MasterCard Foundation working to expand microfinancing in Africa
"The World Bank partner devoted to developing the private sector and The MasterCard Foundation will spend millions of dollars so more impoverished Africans can get loans and other financial services, officials said Monday. At a Johannesburg news conference Monday, officials from the International Finance Corporation, which is part of the World Bank group, and The MasterCard Foundation said they would spend $37.4 million over five years to support banks and other institutions across Africa that provide small loans, a strategy known as microfinancing. People around the world have used such loans to lift themselves out of poverty by starting or expanding small businesses, sending children to school or buying fertilizer for subsistence farms."
Rabobank releases mobile banking app for Windows Phone
"Rabobank, one of the largest banks in the Netherlands, has released a mobile banking app for Windows Phone. Like its counterparts for Android, Blackberry and iOS, the Rabo Banking App lets users take care of their banking needs, be it checking their balance, viewing account history or making transfers, wherever they may be."
Bank of Ireland launches mobile banking app
"From midnight tonight, those who bank with Bank of Ireland will be able to download a new mobile banking app for the iPhone from the Apple App Store. According to Bank of Ireland, the new app will deliver high-speed, secure bank account access to the 500,000 personal customers who have signed up for its online banking service."
Commonwealth Bank tapping into growing mobile banking market
"Commonwealth Bank Indonesia, a subsidiary of Commonwealth Bank of Australia, is tapping into growing mobile banking market in the country, benefiting the increasing number of middle-class people in the largest economy in Southeast Asia. 'Up to 80 percent of [the Indonesian] population is less than 40 years old, 35 percent of whom use social media. If you look at the way people interact and travel in Indonesia, mobile is the key part of that,' Commonwealth Bank director of retail and business banking, Ian Phillip Whitehead, said in Singapore on Friday."
Kiwibank app fights 'soulless' banking
"All banks want their customers to love them – but the drawcard feature of Kiwibank's first mobile banking app may make banking relationships even more intimate. Due to be released this week, the bank's iPhone app has the unique feature, when it comes to mobile banking, of assigning customers their own online relationship manager to help deal with any queries via text or email."
Tuesday, July 19, 2011
Mobile Banking Updates - July 19
PNC Hints at Mobile Check Deposits for Android App by November
"PNC Bank (NYSE: PNC) customers with Android smartphones may have a reason to rejoice as the Pittsburgh-based bank plans a new application and enhanced features for Google’s mobile platform. Customers have left generally negative reviews and complained about PNC’s lackluster Android mobile banking application, which resembles a browser that directs to the mobile version of the bank’s website. Meanwhile, the PNC Mobile Banking and Virtual Wallet by PNC apps for Apple iOS devices are full-fledged apps that even offer the convenience of a mobile check deposit feature."
Location, coupons and mobile banking are Nokia's strategic services
"We’ve all been rather blunt in writing Nokia off given their consistent drop in marketshare and inability to develop a presence in America. The company however has been slowly developing a strategy to regain its relevance. Despite the rise of Android and lesser known brands in India, Symbian holds close to 70% of the market (as of June 2011). Services built around mobile are becoming a differentiating factor for OEMs and Nokia has found three key services to focus on."
Commonwealth Bank rolls out new mobile, tablet apps
"The Commonwealth Bank today rolled out a suite of new mobile banking applications including NetBank for iPad and Android tablets, and a new CommBank mobile banking app for iPhone, Android and Windows Phone 7 smartphone platforms.
Citing a growing demand for mobile banking, the Commonwealth Bank says the apps focus on three key areas: simplicity, security and convenience. It said most of its users use mobile banking to check their balances, pay bills and view recent transactions and that the app caters foremost for these needs."
mFoundry Launches Columbia CU Mobile
"mFoundry, the fastest-growing mobile banking company in the U.S., today announced Columbia Credit Union, based in Vancouver, Washington, is the latest credit union to deploy mBanking, mFoundry's SaaS-based mobile banking platform.
The new Columbia CU Mobile offering leverages mFoundry's multi-mode mobile banking solution, providing Columbia Credit Union members with mobile Web, mobile apps and text banking options. Columbia CU's mobile banking applications include versions for Apple iPhone, Google Android and RIM BlackBerry devices."
A different mobile banking world
"The world of mobile financial services here in the UK is coming on leaps and bounds following recent announcements from Orange and Barclaycard, and also from O2 to bring mobile contactless applications to the masses. However, having reviewed the market in the Middle East recently, I realised that although perceived as a region full of wealth and driven by innovation, the mobile banking landscape there is worlds apart from the one people would envisage."
Mobile banking is hot in Canada
"According to the report by Toronto-based Solutions Research Group (SRG), over 2.5 million Canadians are accessing mobile banking. This represents more than a third of smartphone users with data plans. This means that, effectively, at least one in three eligible Canadians are accessing mobile banking. SRG found that most mobile bankers are male iPhone users.
This is impressive given that the first mobile bank app launched just 14 months ago. Banking apps have already surpassed news and entertainment apps, including music and video. Many of these applications have been around for almost ten years, and all were in play in 2007 when the first iPhone was introduced."
"PNC Bank (NYSE: PNC) customers with Android smartphones may have a reason to rejoice as the Pittsburgh-based bank plans a new application and enhanced features for Google’s mobile platform. Customers have left generally negative reviews and complained about PNC’s lackluster Android mobile banking application, which resembles a browser that directs to the mobile version of the bank’s website. Meanwhile, the PNC Mobile Banking and Virtual Wallet by PNC apps for Apple iOS devices are full-fledged apps that even offer the convenience of a mobile check deposit feature."
Location, coupons and mobile banking are Nokia's strategic services
"We’ve all been rather blunt in writing Nokia off given their consistent drop in marketshare and inability to develop a presence in America. The company however has been slowly developing a strategy to regain its relevance. Despite the rise of Android and lesser known brands in India, Symbian holds close to 70% of the market (as of June 2011). Services built around mobile are becoming a differentiating factor for OEMs and Nokia has found three key services to focus on."
Commonwealth Bank rolls out new mobile, tablet apps
"The Commonwealth Bank today rolled out a suite of new mobile banking applications including NetBank for iPad and Android tablets, and a new CommBank mobile banking app for iPhone, Android and Windows Phone 7 smartphone platforms.
Citing a growing demand for mobile banking, the Commonwealth Bank says the apps focus on three key areas: simplicity, security and convenience. It said most of its users use mobile banking to check their balances, pay bills and view recent transactions and that the app caters foremost for these needs."
mFoundry Launches Columbia CU Mobile
"mFoundry, the fastest-growing mobile banking company in the U.S., today announced Columbia Credit Union, based in Vancouver, Washington, is the latest credit union to deploy mBanking, mFoundry's SaaS-based mobile banking platform.
The new Columbia CU Mobile offering leverages mFoundry's multi-mode mobile banking solution, providing Columbia Credit Union members with mobile Web, mobile apps and text banking options. Columbia CU's mobile banking applications include versions for Apple iPhone, Google Android and RIM BlackBerry devices."
A different mobile banking world
"The world of mobile financial services here in the UK is coming on leaps and bounds following recent announcements from Orange and Barclaycard, and also from O2 to bring mobile contactless applications to the masses. However, having reviewed the market in the Middle East recently, I realised that although perceived as a region full of wealth and driven by innovation, the mobile banking landscape there is worlds apart from the one people would envisage."
Mobile banking is hot in Canada
"According to the report by Toronto-based Solutions Research Group (SRG), over 2.5 million Canadians are accessing mobile banking. This represents more than a third of smartphone users with data plans. This means that, effectively, at least one in three eligible Canadians are accessing mobile banking. SRG found that most mobile bankers are male iPhone users.
This is impressive given that the first mobile bank app launched just 14 months ago. Banking apps have already surpassed news and entertainment apps, including music and video. Many of these applications have been around for almost ten years, and all were in play in 2007 when the first iPhone was introduced."
Wednesday, June 22, 2011
International Mobile Banking Updates - Jun 22
Online banking problems mount for Oz banks as CBA's NetBank breaks down
"The rash of online banking failures in Australia continues, as Commonwealth Bank of Australia struggles to remedy a technical error that has locked customers out of its NetBank site."
Scotiabank Wins Model Bank Award for Mobile Banking
"Scotiabank's Canadian mobile banking service has won the 2011 Celent Model Bank Award, for innovative and effective technology usage in banking. Celent is a research and consulting firm focused on the application of information technology in the global financial services industry."
Technology news: Mobile banking by MCB
"Henceforth, banking transactions can be done anywhere if someone possesses a mobile phone and is a client of the Mauritius Commercial Bank (MCB). With the launch of Internet Banking and mobile application, the client can have access to his/her banking transactions anytime, day and night."
Banking Via a Cellphone and a Shack
"Mavis Nonkongozelo walks up to the Five Sisters convenience store here, then pulls a mobile phone from her bag and a few rands from her brassiere. She is ready to bank.
With a few taps on her cellphone, the 34-year old preschool teacher connects to a nascent mobile-banking network aimed at Africa's new consumers. The saleswoman accepts a 20 rand ($2.94) bill through a barred window and then taps back on her cellphone. Soon, the money is credited to a special no-fee account at Standard Bank, South Africa's largest."
Bank of New Zealand Requires Customers to Protect Their Own Mobile Banking Accounts
"Bank of New Zealand has taken the unusual step of demanding that its customers protect their own online and mobile banking accounts by taking several precautions.
The New Zealand affiliate of National Australia Bank does provide a layer of security that not all banks do. It gives out a NetGuard card to consumers that they can use at login to authenticate themselves. The card contains a grid of numbers and letters from which they enter three values that match randomly selected co-ordinates. To business customers, BNZ gives out a NetGuard token that generates temporary passwords."
"The rash of online banking failures in Australia continues, as Commonwealth Bank of Australia struggles to remedy a technical error that has locked customers out of its NetBank site."
Scotiabank Wins Model Bank Award for Mobile Banking
"Scotiabank's Canadian mobile banking service has won the 2011 Celent Model Bank Award, for innovative and effective technology usage in banking. Celent is a research and consulting firm focused on the application of information technology in the global financial services industry."
Technology news: Mobile banking by MCB
"Henceforth, banking transactions can be done anywhere if someone possesses a mobile phone and is a client of the Mauritius Commercial Bank (MCB). With the launch of Internet Banking and mobile application, the client can have access to his/her banking transactions anytime, day and night."
Banking Via a Cellphone and a Shack
"Mavis Nonkongozelo walks up to the Five Sisters convenience store here, then pulls a mobile phone from her bag and a few rands from her brassiere. She is ready to bank.
With a few taps on her cellphone, the 34-year old preschool teacher connects to a nascent mobile-banking network aimed at Africa's new consumers. The saleswoman accepts a 20 rand ($2.94) bill through a barred window and then taps back on her cellphone. Soon, the money is credited to a special no-fee account at Standard Bank, South Africa's largest."
Bank of New Zealand Requires Customers to Protect Their Own Mobile Banking Accounts
"Bank of New Zealand has taken the unusual step of demanding that its customers protect their own online and mobile banking accounts by taking several precautions.
The New Zealand affiliate of National Australia Bank does provide a layer of security that not all banks do. It gives out a NetGuard card to consumers that they can use at login to authenticate themselves. The card contains a grid of numbers and letters from which they enter three values that match randomly selected co-ordinates. To business customers, BNZ gives out a NetGuard token that generates temporary passwords."
Wednesday, April 7, 2010
Mobile Banking Updates - Apr 7
ClairMail Talks Security (Part II): The Importance of Business Controls for Consumer Confidence
"This week was a big week for the international mobile financial services industry. We at ClairMail announced our new Mobile Connectivity Architecture (MCA) - a new way of connecting the mobile channel (and thus the consumer) to nearly all core bank systems, setting in motion our ultimate vision of bank customers being able to complete nearly all bank interactions without ever having to leave such a convenient communication method."
The Very Mobile Future of Banking
"Take a look at these videos and interactive demos and you’ll swear the future of banking hinges on the marriage of two ideas: 'mobile' + 'touchscreens.'
Commonwealth Bank, based in Australia, sees the near future of banking built around interactive touchscreen technologies like Microsoft’s Surface and Apple’s iPad. The Aussie bank’s vision includes augmented reality, geolocation, biometrics and mobile payments. 'Anyone. Anywhere. Anytime.' It’s not hard to imagine that some people might be banking like this by 2013, but most people probably won’t catch up to this highly urban/upscale prediction until some time after that.”
m-Via Mobile Payments Present at Under the Radar Mobility 2009
"Like Western Union, but for the 21st Century…. m-via lets you transfer funds to unbanked family and friends anywhere in the world. Missed seeing them present at Under the Radar today? See their company description and Bill’s presentation below:"
Monitise Americas Publishes White Paper on the Critical Mobile Banking Decision
"Monitise Americas, the leading mobile banking and payments provider, today announced that it is making available its white paper, “The Critical Mobile Banking Decision”. The paper examines how mobility should be regarded as a strategic solution that can offer a solid return on investment. It also makes the case for selecting a provider that can offer a proven, integrated system that supports a long-term growth vision."
"This week was a big week for the international mobile financial services industry. We at ClairMail announced our new Mobile Connectivity Architecture (MCA) - a new way of connecting the mobile channel (and thus the consumer) to nearly all core bank systems, setting in motion our ultimate vision of bank customers being able to complete nearly all bank interactions without ever having to leave such a convenient communication method."
The Very Mobile Future of Banking
"Take a look at these videos and interactive demos and you’ll swear the future of banking hinges on the marriage of two ideas: 'mobile' + 'touchscreens.'
Commonwealth Bank, based in Australia, sees the near future of banking built around interactive touchscreen technologies like Microsoft’s Surface and Apple’s iPad. The Aussie bank’s vision includes augmented reality, geolocation, biometrics and mobile payments. 'Anyone. Anywhere. Anytime.' It’s not hard to imagine that some people might be banking like this by 2013, but most people probably won’t catch up to this highly urban/upscale prediction until some time after that.”
m-Via Mobile Payments Present at Under the Radar Mobility 2009
"Like Western Union, but for the 21st Century…. m-via lets you transfer funds to unbanked family and friends anywhere in the world. Missed seeing them present at Under the Radar today? See their company description and Bill’s presentation below:"
Monitise Americas Publishes White Paper on the Critical Mobile Banking Decision
"Monitise Americas, the leading mobile banking and payments provider, today announced that it is making available its white paper, “The Critical Mobile Banking Decision”. The paper examines how mobility should be regarded as a strategic solution that can offer a solid return on investment. It also makes the case for selecting a provider that can offer a proven, integrated system that supports a long-term growth vision."
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