March 30, 2011

An Aite Group survey of 267 bankers conducted this month, sponsored by Fundtech, found intense interest among banks in developing a mobile banking channel for their corporate clients. It also found a high degree of worry among the bankers about security and fraud issues.

Among the banks surveyed, 54% say that developing their mobile corporate banking services is a top or very important priority. Almost half -- 42% -- rated their customers' interest as either extremely or very high. About a third (31%) see mobile corporate banking as a competitive differentiator for their bank, although 38% see it becoming just another service delivery channel and only 15% see corporate mobile banking as a revenue opportunity.

Asked about the biggest barriers to growth in mobile corporate banking, 77% cited fraud and security concerns.