New research from Mercator Advisory Group considers corporate mobile banking development: supporters and the functions sought
Boston, MA - December 20, 2012 - Mobile banking among consumers is a "done deal" with wide acceptance. However, Mercator Advisory Group's new report, Mobile Banking for U.S. Corporate Customers: Catching On Slowly, finds both banks and commercial enterprises a bit cautious about unleashing mobile banking for corporate transactions.
Many corporate treasury personnel already have mobile devices (of myriad different kinds) and desire to mobilize their work lives as they have their personal lives. This research reviews some of the challenges facing corporations in choosing to authorize mobile transactions, as well as the challenges facing banks in attempting to serve these companies.
"The diversity of mobile personal devices introduces a new level of complexity for IT managers hoping to control and secure a bring-your-own-device (BYOD) environment. The very small business will have only one user, and thus can make do with a retail banking application. However, larger firms increasingly desire the ability to support finance and treasury employees with mobile devices, and to manage authorizations, access rights, and transaction privileges across multiple bank accounts. That requires a different solution," comments Patricia McGinnis, director of the Commercial and Enterprise Payments Service at Mercator Advisory Group and the author of the report.
Companies mentioned in this report include: ACI Worldwide, Backbase, Bottomline Technologies, FIS, Fiserv, Fundtech, Kony Solutions, SAP (Sybase), mFoundry, and mShift.