Click here to close now.

SYS-CON MEDIA Authors: Dana Gardner, Elizabeth White, Liz McMillan, AppDynamics Blog, Pat Romanski

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
Over the years, a variety of methodologies have emerged in order to overcome the challenges related to project constraints. The successful use of each methodology seems highly context-dependent. However, communication seems to be the common denominator of the many challenges that project management methodologies intend to resolve. In this respect, Information and Communication Technologies (ICTs) can be viewed as powerful tools for managing projects. Few research papers have focused on the way...
As the world moves from DevOps to NoOps, application deployment to the cloud ought to become a lot simpler. However, applications have been architected with a much tighter coupling than it needs to be which makes deployment in different environments and migration between them harder. The microservices architecture, which is the basis of many new age distributed systems such as OpenStack, Netflix and so on is at the heart of CloudFoundry – a complete developer-oriented Platform as a Service (PaaS...
In high-production environments where release cycles are measured in hours or minutes — not days or weeks — there's little room for mistakes and no room for confusion. Everyone has to understand what's happening, in real time, and have the means to do whatever is necessary to keep applications up and running optimally. DevOps is a high-stakes world, but done well, it delivers the agility and performance to significantly impact business competitiveness.
The OpenStack cloud operating system includes Trove, a database abstraction layer. Rather than applications connecting directly to a specific type of database, they connect to Trove, which in turn connects to one or more specific databases. One target database is Postgres Plus Cloud Database, which includes its own RESTful API. Trove was originally developed around MySQL, whose interfaces are significantly less complicated than those of the Postgres cloud database. In his session at 16th Cloud...
SAP is delivering break-through innovation combined with fantastic user experience powered by the market-leading in-memory technology, SAP HANA. In his General Session at 15th Cloud Expo, Thorsten Leiduck, VP ISVs & Digital Commerce, SAP, discussed how SAP and partners provide cloud and hybrid cloud solutions as well as real-time Big Data offerings that help companies of all sizes and industries run better. SAP launched an application challenge to award the most innovative SAP HANA and SAP HANA...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading in...
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 wait for long development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential. The DevOps Summit at Cloud Expo – to be held June 3-5, 2015, at the Javits Center in New York City – will expand the DevOps community, enable a wide...
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at @ThingsExpo, Robin Raymond, Chief Architect...
There is no question that the cloud is where businesses want to host data. Until recently hypervisor virtualization was the most widely used method in cloud computing. Recently virtual containers have been gaining in popularity, and for good reason. In the debate between virtual machines and containers, the latter have been seen as the new kid on the block – and like other emerging technology have had some initial shortcomings. However, the container space has evolved drastically since coming on...
Cloud Expo, Inc. has announced today that Andi Mann returns to DevOps Summit 2015 as Conference Chair. The 4th International DevOps Summit will take place on June 9-11, 2015, at the Javits Center in New York City. "DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited to help the great team at ...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at Internet of @ThingsExpo, James Kirkland, Chief Ar...
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding bu...
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo, June 9-11, 2015, at the Javits Center in New York City. Learn what is going on, contribute to the discussions, and ensure that your enter...
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, a...
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.