Click here to close now.

Welcome!

Big Data Journal Authors: Harry Trott, Ed Featherston, Pat Romanski, Hovhannes Avoyan, Elizabeth White

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.

@BigDataExpo Stories
While there are hundreds of public and private cloud hosting providers to choose from, not all clouds are created equal. If you’re seeking to host enterprise-level mission-critical applications, where Cloud Security is a primary concern, WHOA.com is setting new standards for cloud hosting, and has established itself as a major contender in the marketplace. We are constantly seeking ways to innovate and leverage state-of-the-art technologies. In his session at 16th Cloud Expo, Mike Rivera, Seni...
The Internet of Things is a misnomer. That implies that everything is on the Internet, and that simply should not be - especially for things that are blurring the line between medical devices that stimulate like a pacemaker and quantified self-sensors like a pedometer or pulse tracker. The mesh of things that we manage must be segmented into zones of trust for sensing data, transmitting data, receiving command and control administrative changes, and peer-to-peer mesh messaging. In his session a...
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will addresses this very serious issue o...
SYS-CON Events announced today that EnterpriseDB (EDB), the leading worldwide provider of enterprise-class Postgres products and database compatibility solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. EDB is the largest provider of Postgres software and services that provides enterprise-class performance and scalability and the open source freedom to divert budget from more costly traditiona...
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and asse...
In their general session at 16th Cloud Expo, Michael Piccininni, Global Account Manager – Cloud SP at EMC Corporation, and Mike Dietze, Regional Director at Windstream Hosted Solutions, will review next generation cloud services, including the Windstream-EMC Tier Storage solutions, and discuss how to increase efficiencies, improve service delivery and enhance corporate cloud solution development. Speaker Bios Michael Piccininni is Global Account Manager – Cloud SP at EMC Corporation. He has b...
SYS-CON Events announced today that MetraTech, now part of Ericsson, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Ericsson is the driving force behind the Networked Society- a world leader in communications infrastructure, software and services. Some 40% of the world’s mobile traffic runs through networks Ericsson has supplied, serving more than 2.5 billion subscribers.
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists will address the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affec...
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. 8th International Big Data Expo, co-located with 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. As advanced data storage, access and analytics technologies aimed at handling high-volume and/or fast moving data all move center stage, aided by the cloud computing bo...
The Internet of Things promises to transform businesses (and lives), but navigating the business and technical path to success can be difficult to understand. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, demonstrated how to approach creating broadly successful connected customer solutions using real world business transformation studies including New England BioLabs and more.
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...
It's time to face reality: "Americans are from Mars, Europeans are from Venus," and in today's increasingly connected world, understanding "inter-planetary" alignments and deviations is mission-critical for cloud. In her session at 15th Cloud Expo, Evelyn de Souza, Data Privacy and Compliance Strategy Leader at Cisco Systems, discussed cultural expectations of privacy based on new research across these elements
As enterprises engage with Big Data technologies to develop applications needed to meet operational demands, new computation fabrics are continually being introduced. To leverage these new innovations, organizations are sacrificing market opportunities to gain expertise in learning new systems. In his session at Big Data Expo, Supreet Oberoi, Vice President of Field Engineering at Concurrent, Inc., discussed how to leverage existing infrastructure and investments and future-proof them against e...
Due of the rise of Hadoop, many enterprises are now deploying their first small clusters of 10 to 20 servers. At this small scale, the complexity of operating the cluster looks and feels like general data center servers. It is not until the clusters scale, as they inevitably do, when the pain caused by the exponential complexity becomes apparent. We've seen this problem occur time and time again. In his session at Big Data Expo, Greg Bruno, Vice President of Engineering and co-founder of StackI...
The true value of the Internet of Things (IoT) lies not just in the data, but through the services that protect the data, perform the analysis and present findings in a usable way. With many IoT elements rooted in traditional IT components, Big Data and IoT isn’t just a play for enterprise. In fact, the IoT presents SMBs with the prospect of launching entirely new activities and exploring innovative areas. CompTIA research identifies several areas where IoT is expected to have the greatest impac...
Every day we read jaw-dropping stats on the explosion of data. We allocate significant resources to harness and better understand it. We build businesses around it. But we’ve only just begun. For big payoffs in Big Data, CIOs are turning to cognitive computing. Cognitive computing’s ability to securely extract insights, understand natural language, and get smarter each time it’s used is the next, logical step for Big Data.
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 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...
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...