Welcome!

News Feed Item

Best Practices: Mobilizing Financial Services in Asia/Pacific -- 50 Pioneers Lead the Way

LONDON, Feb. 12, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:

Best Practices: Mobilizing Financial Services in Asia/Pacific -- 50 Pioneers Lead the Way

This IDC Financial Insights gives a comprehensive analysis of how financial services providers are utilizing mobility to build new revenue streams, increase efficiency, and improve their service delivery. A key investment focus in IT spending, Asia/Pacific has moved to the forefront of converging big data, mobility, and customer centricity.

"Mobility has been a dominant theme in many discussions with many banks across the region, regardless of the business line or customer segment. Nonetheless, we found that many initiatives were much alike. This study is a deep dive into genuinely new approaches to mobility and banking. It is important to take note that today, there are several mobile pioneers in the region," says Thomas Zink, research manager for IDC Financial Insights. "One recurring theme is the convergence of mobility and big data. We believe that this combination will revolutionize the way banks interact with their clients."

Table of Contents

IDC Financial Insights Opinion

In This Study

Situation Overview

The Buzz is Real

Mobility Innovation Hotspots

How Much Are Banks Spending on Mobility?

Consumers Adopting mBanking

Business Needs

Focusing on Customer Centricity -- Going Where the Customer Is

Staying Relevant and Avoiding Disintermediation

Increasing the Geographic Reach

Unlocking New Business Opportunities

Corporate and SMEs

Merchant Services

Unbanked

Management Challenges

Omnichannel Capability

Differentiation in a Copycat Environment

Monetization Potential

Security

The Best Practices

Mobile Payments and Mobile Money

Remote Mobile Payments

Visa, MasterCard, and American Express (Global): A Global Standard

UC Browser, Alipay, UnionPay (China): Mobile Browser Payments

BlackBerry/PermataBank (India): P2P payments via Messenger

Telenor/Tameer Bank (Pakistan): Taking Financial Inclusion to the Next Level with Easypaisa Mobile Wallet

Bank BTPN (Indonesia): btpn WOW! Branchless Banking

Smart Communications (Philippines): Payment of Government Bills via BayadLoad

NAB Flik (Australia): Taking the Pain Out of P2P Payments

MPayMe/First Data (Hong Kong, Japan, and Australia): ZNAP -- A Mobile Bill Payment Service

YSPay (China): Payments to Any Mobile Number

Citibank (Singapore): SMS Pay

MyClear (Malaysia): MyMobile Establishes First Interbank Mobile Payment Platform

Smartlink/Tagit (Vietnam): Aggregated Mobile Banking Platform

Tootpay (Singapore): Secure Mobile Banking Experience Without an Internet Connection

Indosat, Telkomsel, XL Mobile Money collaboration (Indonesia): Bringing the Mobile Money Markets Together

Proximity Mobile Payments

Consortium of Gemalto, MNOs, Banks (Singapore): Government-Led NFC Trusted Services Manager Infrastructure

China Mobile, UnionPay, and Other Banks (China): Industry-Led NFC Rollout

2degrees/Snapper (New Zealand): Mobile Phone Transit Payments

Fingerprint Payment for Android, Danal (Korea): First for Android

Mobile Wallets

Alipay Wallet (China): Taking Alipay and Bringing It to the Physical Retail World

Mogi Mobile Wallet (Singapore): A Social Mobile Wallet for Singapore

Celcom AirCash (Malaysia): Mobile Wallet for Overseas Workers

MobiKwik (India): Providing a Mobile Solution for India's Payments Ecosystem

Octopus Mobile SIM (Hong Kong): Taking Octopus to the Mobile Realm

M-Pesa (India): Can It Replicate Its Success in Kenya?

Tradelink's TESS Mobile Wallet (Hong Kong): The First "Greater China" eWallet

Arkalogic Transaksi -- Moneta (Indonesia): Unifying Fragmented Payment Systems in One "Wallet"

KT MoCa (Korea): Korean Mobile Wallet with a Host of Payment Options

Mobile Card Merchant Systems

CIMB's Plug n Pay (Malaysia) -- Malaysia's First Mobile Point-of-Sale Solution

ANZ FastPay (Australia): Mobile Payment Acceptance for SMEs

Koala -- Lakala (China): Consumer-Based Payments and Banking Solution for China

Bank of Ayudyha (Thailand): Bringing Card Acceptance to Merchants in Thailand

United Bank (Pakistan): Innovative Technology Solution for Financial Inclusion

Mobile Treasury and Cash Management

HSBCNetMobile (Global): HSBC -- International Mobile Treasury Solutions

ANZ Transactive Mobile (Australia): Enhanced Treasury Experience on the Go

Citi Mobile Collect (Global): Reducing Cash Reliance for Businesses

Maybank2E HD (Malaysia): Financial Position and Payments on the Move

Mobile Investing

Westpac (Australia): Mobile Trading App and Future Investment Road Map

Oanda (Global): FX Analysis Goes Mobile

Citigold Private (Global): iPad App to Drive Research and Investment Views

Dragon Wealth (Singapore): Wealth Management Meets Social

Mobile Marketing and Loyalty

WIPRO and Intuition Intelligence: Smart Offers (India): Optimizing Vouchers for Banks

WeChat Loyalty Cards (China): Embedding Purchases into Chats

Mobile Social

Axis Mobile Banking Application (India): Customized and Social Mobile Banking Experiences for Customers

UOB Mobile Cash (Singapore): Social Payments for Customers

Hana N Wallet (Korea): Mobile Banking for the Social Generation

Mobile Workforce

Westpac (Australia): Mobile Tellers and Mobile Management

Standard Chartered (Global): Leverage the Apple Ecosystem

AIA (Hong Kong): An iPad-Centric Sales Approach

CIMB NASA (Malaysia): Mobile Salesforce

Bangkok Bank (Thailand): BYOD Policy

Future Outlook

Mobile Payments

Mobile Wallets

Mobile Card Merchant Systems

Mobile Treasury and Cash Management

Mobile Investing

Mobile Marketing and Loyalty

Mobile Social

Mobile Workforce

Essential Guidance

Actions to Consider

Platform Selection

User Experience

Security

Omnichannel

Redefining channel strategy

Actions for Vendors

Learn More

Related Research

Synopsis

Figure: Mobility Innovation Hotspots

Figure: Asia/Pacific IT Spending of Banks on Mobility

Figure: Digital Transaction Mix in Selected Market, 2010-2012

Read the full report:
Best Practices: Mobilizing Financial Services in Asia/Pacific -- 50 Pioneers Lead the Way
http://www.reportbuyer.com/countries/asia_pacific/singapore/best_practices_mobilizing_financial_services_asia_pacific_50_pioneers_lead.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=NoCategory

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]  
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

SOURCE ReportBuyer

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Microsoft Azure Container Services can be used for container deployment in a variety of ways including support for Orchestrators like Kubernetes, Docker Swarm and Mesos. However, the abstraction for app development that support application self-healing, scaling and so on may not be at the right level. Helm and Draft makes this a lot easier. In this primarily demo-driven session at @DevOpsSummit at 21st Cloud Expo, Raghavan "Rags" Srinivas, a Cloud Solutions Architect/Evangelist at Microsoft, wi...
Containers are rapidly finding their way into enterprise data centers, but change is difficult. How do enterprises transform their architecture with technologies like containers without losing the reliable components of their current solutions? In his session at @DevOpsSummit at 21st Cloud Expo, Tony Campbell, Director, Educational Services at CoreOS, will explore the challenges organizations are facing today as they move to containers and go over how Kubernetes applications can deploy with lega...
SYS-CON Events announced today that Avere Systems, a leading provider of hybrid cloud enablement solutions, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Avere Systems was created by file systems experts determined to reinvent storage by changing the way enterprises thought about and bought storage resources. With decades of experience behind the company’s founders, Avere got its ...
SYS-CON Events announced today that Taica will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. ANSeeN are the measurement electronics maker for X-ray and Gamma-ray and Neutron measurement equipment such as spectrometers, pulse shape analyzer, and CdTe-FPD. For more information, visit http://anseen.com/.
Today most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes significant work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reducti...
As you move to the cloud, your network should be efficient, secure, and easy to manage. An enterprise adopting a hybrid or public cloud needs systems and tools that provide: Agility: ability to deliver applications and services faster, even in complex hybrid environments Easier manageability: enable reliable connectivity with complete oversight as the data center network evolves Greater efficiency: eliminate wasted effort while reducing errors and optimize asset utilization Security: imple...
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, will discuss how by using...
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lead...
SYS-CON Events announced today that Yuasa System will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Yuasa System is introducing a multi-purpose endurance testing system for flexible displays, OLED devices, flexible substrates, flat cables, and films in smartphones, wearables, automobiles, and healthcare.
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
SYS-CON Events announced today that CAST Software will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CAST was founded more than 25 years ago to make the invisible visible. Built around the idea that even the best analytics on the market still leave blind spots for technical teams looking to deliver better software and prevent outages, CAST provides the software intelligence that matter ...
SYS-CON Events announced today that Daiya Industry will exhibit at the Japanese Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Ruby Development Inc. builds new services in short period of time and provides a continuous support of those services based on Ruby on Rails. For more information, please visit https://github.com/RubyDevInc.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
SYS-CON Events announced today that Evatronix will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Evatronix SA offers comprehensive solutions in the design and implementation of electronic systems, in CAD / CAM deployment, and also is a designer and manufacturer of advanced 3D scanners for professional applications.