The year 2013 saw an enormous influx of consumers flocking to mobile banking, with 74,000 new users joining mobile banking each day. Javelin Strategy & Research has released Mobile Banking, Tablet and Smartphone Forecast 2013-2018: Smart Device Adoption Drives Mobile Banking Boom, which outlines a five-year forecast of mobile banking and mobile phone and tablet
Accenture has opened an Innovation Center for Financial Services in Jakarta to showcase leading digital and mobile-banking innovations designed to support strategic growth for banks and financial service providers in Indonesia. The center offers a new venue for financial industry executives to access some of Accenture’s best thinking on mobile and digital solutions that can
Citi has launched its redesigned Citi Mobile app for iPhone and Android devices to provide U.S. banking and credit card customers with new and enhanced mobile account management capabilities. New features, a cleaner, sleeker design, intuitive navigation and alerts on-the-go have been added to make it faster and simpler for customers to check balances, transfer
Kenya’s NIC Bank has announced the launch of NOW mobile banking, a platform that facilitates efficient, on-the-go financial services including online cheque deposits. The company has developed a mobile application and online banking service. “This strategic shift is an answer to the emerging “NOW” generation that demands everything on their fingertips. Through this strategy, we
Kenya, South Africa and Nigeria, and the African continent as a whole, lead the world in the uptake of mobile banking, according to a new report by mobile trade association MEF. The first report in MEF’s Global Consumer Insights Series on Mobile Money said 82 per cent of consumers in Africa engaged in mobile banking,
Over 8 million people in Tanzania who fall in the informal sector now have the opportunity to access banking services, thanks to the launching of a new banking service which utilises mobile phones. Speaking at a brief ceremony, Covenant Bank Executive Director, Ms Sabetha Mwambenja said that the launching comes at a time the government
NCR Corporation, a provider of consumer transaction technologies, has announced that it has completed its previously-announced acquisition of Digital Insight Corporation, a provider of online and mobile banking solutions, from Thoma Bravo, LLC for $1.65 billion in cash. “Our acquisition of Digital Insight comes at a time when financial institutions around the world are looking
Bank of China has recently launched the “BOC Mobile Payment” APP. After installing this APP in mobile phones or PADs, users can easily complete mobile shopping and payment at any place any time. The “BOC Mobile Payment” APP integrates multiple mobile payment products including BOC swift payment, payment via mobile banking, and payment by agreement,
The Standard Bank of Namibia has officially unveiled its smart banking app, allowing customers to access banking services more conveniently through their smartphones or tablets, with plans to launch a second version next year. The new mobile banking platform will allow customers to check their account balance, view the last five transactions through a mini
Fiserv, Inc. a provider of financial services technology solutions, has published a new white paper that explains how an ongoing forward-looking mobile banking strategy can help financial institutions to win mobile banking customers and enhance profitability. Consumers are expecting increasingly sophisticated mobile banking capabilities, and delivering these capabilities requires financial institutions to move beyond short-term
