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21 July 2009: Wellington, New Zealand 

Fronde Anywhere has been included in a recent report by Research and Markets, titled '2009 Mobile-Banking and Smartphone Forecast: Essential Strategies for a Fast-Growing, Evolving Market'.

Now is the time for U.S. financial institutions to invest in mobile banking. American consumers are hungry for better ways to monitor and manage their money - and mobile banking will serve that need better than any other banking channel by providing always-on interaction and real-time financial information. Though mobile banking is in its infancy, Javelin forecasts that it is on a trajectory to evolve into a mainstream banking channel that will serve nearly half of mobile-phone owners by 2014. This report:

  • Features Javelin's five-year forecasts for mobile banking usage; the growing availability of mobile banking at primary financial institutions; and smart phone adoption, which currently is driving mobile banking.
  • Analyzes five key factors fuelling adoption of mobile banking, including the role of the Apple iPhone and other smart phones and the race to develop basic thin client "wrapper applications" that integrate into the institution's mobile online site.
  • Identifies five key obstacles for mobile banking and outlines how financial institutions can minimize them.
  • Examines mobile-banking penetration by the largest wireless carriers, with AT&T Wireless boasting the greatest number thanks largely to the popular iPhone, while Verizon lags behind but is positioning itself to expand its role in mobile banking in 2010 with the planned introduction of the iPhone and faster LTE 4G networks.

 

 

Posted on 21/07/2009