Businesses would welcome mobile banking

What a surprise! Fundtech in conjucntion with Aite recently found conclusively that Executives would use and embrace mobile banking if it were to be provided by commercial banks. Why did we think differently and why was it necessary to research this. (Read more about this report here)?

The notion that mobile banking is not secure and safe as is the case with Internet banking exists. How is it possible to deliver a secure service on such a small piece of equipment and what will happen if an executive's Blackberry is stolen in a pub? I am sure that this is the only concern that executives could have for not using mobile banking in their business. The fact is that it is much easier to ensure a secure (and a much better auditable) system on a personal device. The industry has failed in some ways not projecting this fact.