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Mobile Banking Divergence: Where True Adoption Begins
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Byurcan
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Byurcan,
User Rank: Author
10/22/2014 | 9:53:22 AM
Mobile
Thanks for the insight, Mike. It's true that mobile can no longer be thought of as an extension of internet banking, and is becomine a channel all it's own that may one day soon overtake online banking.
Paul Blank
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Paul Blank,
User Rank: Apprentice
10/20/2014 | 12:32:24 PM
Banks slow to respond to client demand for mobile trading
Mike,

Great post and you make excellent points regarding the convenience of mobile banking for customers.

Here at Caplin, we are also seeing that the demand for mobile goes beyond mobile banking, as our recent white paper entitled "Trading On The Move" highlights, banks are very slow to respond to the demand from corporate and institutional clients for mobile trading solutions.

Drawing on results from a recent Caplin Systems e-Trading survey, the white paper identifies a number of current supply-demand imbalances between what the buy-side say they want, and what the sell-side think their clients want, compared to what they currently provide to clients.

Responses from the survey suggested that:

38% of corporate clients who trade FX would use a mobile trading service if only their bank provided it, whilst over 50% of sell-side felt there was a lack of demand for mobile FX trading.

The white paper is freely available from Caplin Systems:

Regards

Paul

 

Paul Blank
eTrading Solutions and Partner Programme Director | Caplin Systems Ltd

 


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