|By PR Newswire||
|February 12, 2014 10:55 AM EST||
LONDON, Feb. 12, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:
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
The Buzz is Real
Mobility Innovation Hotspots
How Much Are Banks Spending on Mobility?
Consumers Adopting mBanking
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
Differentiation in a Copycat Environment
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
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
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
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
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
Mobile Card Merchant Systems
Mobile Treasury and Cash Management
Mobile Marketing and Loyalty
Actions to Consider
Redefining channel strategy
Actions for Vendors
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
In recent years, at least 40% of companies using cloud applications have experienced data loss. One of the best prevention against cloud data loss is backing up your cloud data. In his General Session at 17th Cloud Expo, Sam McIntyre, Partner Enablement Specialist at eFolder, presented how organizations can use eFolder Cloudfinder to automate backups of cloud application data. He also demonstrated how easy it is to search and restore cloud application data using Cloudfinder.
Nov. 29, 2015 10:00 AM EST Reads: 192
The Internet of Everything is re-shaping technology trends–moving away from “request/response” architecture to an “always-on” Streaming Web where data is in constant motion and secure, reliable communication is an absolute necessity. As more and more THINGS go online, the challenges that developers will need to address will only increase exponentially. In his session at @ThingsExpo, Todd Greene, Founder & CEO of PubNub, exploreed the current state of IoT connectivity and review key trends and t...
Nov. 29, 2015 09:45 AM EST Reads: 448
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessi...
Nov. 29, 2015 09:15 AM EST Reads: 340
We all know that data growth is exploding and storage budgets are shrinking. Instead of showing you charts on about how much data there is, in his General Session at 17th Cloud Expo, Scott Cleland, Senior Director of Product Marketing at HGST, showed how to capture all of your data in one place. After you have your data under control, you can then analyze it in one place, saving time and resources.
Nov. 29, 2015 08:45 AM EST Reads: 210
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now ...
Nov. 29, 2015 08:00 AM EST Reads: 264
The cloud. Like a comic book superhero, there seems to be no problem it can’t fix or cost it can’t slash. Yet making the transition is not always easy and production environments are still largely on premise. Taking some practical and sensible steps to reduce risk can also help provide a basis for a successful cloud transition. A plethora of surveys from the likes of IDG and Gartner show that more than 70 percent of enterprises have deployed at least one or more cloud application or workload. Y...
Nov. 29, 2015 07:00 AM EST Reads: 493
Continuous processes around the development and deployment of applications are both impacted by -- and a benefit to -- the Internet of Things trend. To help better understand the relationship between DevOps and a plethora of new end-devices and data please welcome Gary Gruver, consultant, author and a former IT executive who has led many large-scale IT transformation projects, and John Jeremiah, Technology Evangelist at Hewlett Packard Enterprise (HPE), on Twitter at @j_jeremiah. The discussion...
Nov. 29, 2015 06:45 AM EST Reads: 739
Discussions of cloud computing have evolved in recent years from a focus on specific types of cloud, to a world of hybrid cloud, and to a world dominated by the APIs that make today's multi-cloud environments and hybrid clouds possible. In this Power Panel at 17th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the importance of customers being able to use the specific technologies they need, through environments and ecosystems that expose their APIs to make true ...
Nov. 29, 2015 06:00 AM EST Reads: 552
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Nov. 29, 2015 06:00 AM EST Reads: 373
Microservices are a very exciting architectural approach that many organizations are looking to as a way to accelerate innovation. Microservices promise to allow teams to move away from monolithic "ball of mud" systems, but the reality is that, in the vast majority of organizations, different projects and technologies will continue to be developed at different speeds. How to handle the dependencies between these disparate systems with different iteration cycles? Consider the "canoncial problem"...
Nov. 29, 2015 05:00 AM EST Reads: 459
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound...
Nov. 29, 2015 04:30 AM EST Reads: 483
Container technology is shaping the future of DevOps and it’s also changing the way organizations think about application development. With the rise of mobile applications in the enterprise, businesses are abandoning year-long development cycles and embracing technologies that enable rapid development and continuous deployment of apps. In his session at DevOps Summit, Kurt Collins, Developer Evangelist at Built.io, examined how Docker has evolved into a highly effective tool for application del...
Nov. 29, 2015 04:00 AM EST Reads: 376
PubNub has announced the release of BLOCKS, a set of customizable microservices that give developers a simple way to add code and deploy features for realtime apps.PubNub BLOCKS executes business logic directly on the data streaming through PubNub’s network without splitting it off to an intermediary server controlled by the customer. This revolutionary approach streamlines app development, reduces endpoint-to-endpoint latency, and allows apps to better leverage the enormous scalability of PubNu...
Nov. 29, 2015 03:00 AM EST Reads: 338
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Day 2 Keynote at 17th Cloud Expo, San...
Nov. 29, 2015 03:00 AM EST Reads: 595
Apps and devices shouldn't stop working when there's limited or no network connectivity. Learn how to bring data stored in a cloud database to the edge of the network (and back again) whenever an Internet connection is available. In his session at 17th Cloud Expo, Ben Perlmutter, a Sales Engineer with IBM Cloudant, demonstrated techniques for replicating cloud databases with devices in order to build offline-first mobile or Internet of Things (IoT) apps that can provide a better, faster user e...
Nov. 29, 2015 02:45 AM EST Reads: 423