Welcome!

Big Data Journal Authors: Martin Etmajer, Roger Strukhoff, Liz McMillan, Elizabeth White, Jim Liddle

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.

Cloud Expo Breaking News
Cloud Computing is evolving into a Big Three of Amazon Web Services, Google Cloud, and Microsoft Azure. Cloud 360: Multi-Cloud Bootcamp, being held Nov 4–5, 2014, in conjunction with 15th Cloud Expo in Santa Clara, CA, delivers a real-world demonstration of how to deploy and configure a scalable and available web application on all three platforms. The Cloud 360 Bootcamp, led by Janakiram MSV, an analyst with Gigaom Research, is the first bootcamp that introduces the core concepts of Infrastructure as a Service (IaaS) based on the workings of the Big Three platforms – Amazon EC2, Google Compute Engine, and Azure VMs. Bootcamp attendees will get to see the big picture and also receive the knowledge needed to make the best cloud decisions for their business applications and entire enterprise IT organization.
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using the URL as a basic building block, we open this up and get the same resilience that the web enjoys.
The Internet of Things is a natural complement to the cloud and related technologies such as Big Data, analytics, and mobility. In his session at Internet of @ThingsExpo, Joe Weinman will lay out four generic strategies – digital disciplines – to exploit emerging digital technologies for strategic advantage. Joe Weinman has held executive leadership positions at Bell Labs, AT&T, Hewlett-Packard, and Telx, in areas such as corporate strategy, business development, product management, operations, and R&D.
SYS-CON Events announced today that DevOps.com has been named “Media Sponsor” of SYS-CON's “DevOps Summit at Cloud Expo,” which will take place on June 10–12, 2014, at the Javits Center in New York City, New York. DevOps.com is where the world meets DevOps. It is the largest collection of original content relating to DevOps on the web today Featuring up-to-the-minute news, feature stories, blogs, bylined articles and more, DevOps.com is where the thought leaders of the DevOps movement make their ideas known.
There are 182 billion emails sent every day, generating a lot of data about how recipients and ISPs respond. Many marketers take a more-is-better approach to stats, preferring to have the ability to slice and dice their email lists based numerous arbitrary stats. However, fundamentally what really matters is whether or not sending an email to a particular recipient will generate value. Data Scientists can design high-level insights such as engagement prediction models and content clusters that allow marketers to cut through the noise and design their campaigns around strong, predictive signals, rather than arbitrary statistics. SendGrid sends up to half a billion emails a day for customers such as Pinterest and GitHub. All this email adds up to more text than produced in the entire twitterverse. We track events like clicks, opens and deliveries to help improve deliverability for our customers – adding up to over 50 billion useful events every month. While SendGrid data covers only abo...
SYS-CON Events announced today that the Web Host Industry Review has been named “Media Sponsor” of SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Since 2000, The Web Host Industry Review has made a name for itself as the foremost authority of the Web hosting industry providing reliable, insightful and comprehensive news, reviews and resources to the hosting community. TheWHIR Blogs provides a community of expert industry perspectives. The Web Host Industry Review Magazine also offers a business-minded, issue-driven perspective of interest to executives and decision-makers. WHIR TV offers on demand web hosting video interviews and web hosting video features of the key persons and events of the web hosting industry. WHIR Events brings together like-minded hosting industry professionals and decision-makers in local communities. TheWHIR is an iNET Interactive property.
SYS-CON Events announced today that O'Reilly Media has been named “Media Sponsor” of SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. O'Reilly Media spreads the knowledge of innovators through its books, online services, magazines, and conferences. Since 1978, O'Reilly Media has been a chronicler and catalyst of cutting-edge development, homing in on the technology trends that really matter and spurring their adoption by amplifying "faint signals" from the alpha geeks who are creating the future. An active participant in the technology community, the company has a long history of advocacy, meme-making, and evangelism.
SYS-CON Events announced today that Verizon has been named “Gold Sponsor” of SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Verizon Enterprise Solutions creates global connections that generate growth, drive business innovation and move society forward. With industry-specific solutions and a full range of global wholesale offerings provided over the company's secure mobility, cloud, strategic networking and advanced communications platforms, Verizon Enterprise Solutions helps open new opportunities around the world for innovation, investment and business transformation. Visit verizonenterprise.com to learn more.
SYS-CON Events announced today that TMCnet has been named “Media Sponsor” of SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Technology Marketing Corporation (TMC) is the world's leading business to business and integrated marketing media company, servicing niche markets within the communications and technology industries.
"In my session I spoke about enterprise cloud analytics and how we can leverage analytics as a service," explained Ajay Budhraja, CTO at the Department of Justice, in this SYS-CON.tv interview at the 14th International Cloud Expo®, held June 10-12, 2014, at the Javits Center in New York City. Cloud Expo® 2014 Silicon Valley, November 4–6, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading Cloud industry players in the world.
“We are starting to see people move beyond the commodity cloud and enterprises need to start focusing on additional value added services in order to really drive their adoption," explained Jason Mondanaro, Director of Product Management at MetraTech, in this SYS-CON.tv interview at the 14th International Cloud Expo®, held June 10-12, 2014, at the Javits Center in New York City. Cloud Expo® 2014 Silicon Valley, November 4–6, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading Cloud industry players in the world.
"We are automated capacity control software, which basically looks at all the supply and demand and running a virtual cloud environment and does a deep analysis of that and says where should things go," explained Andrew Hillier, Co-founder & CTO of CiRBA, in this SYS-CON.tv interview at the 14th International Cloud Expo®, held June 10-12, 2014, at the Javits Center in New York City. Cloud Expo® 2014 Silicon Valley, November 4–6, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading Cloud industry players in the world.
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity. In his session at Internet of @ThingsExpo, Mac Devine, Distinguished Engineer at IBM, will discuss bringing these three elements together via Systems of Discover.
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 15th Internet of @ThingsExpo, Chad Jones, Vice President, Product Strategy of LogMeIn's Xively IoT Platform, will show you how to approach creating broadly successful connected customer solutions using real world business transformation studies including New England BioLabs and more.
All too many discussions about DevOps conclude that the solution is an all-purpose player: developer and operations guru, complete with pager for round-the-clock duty. For most organizations that is not the way forward. In his session at DevOps Summit, Bernard Golden, Vice President of Strategy at ActiveState, will discuss how to achieve the agility and speed of end-to-end automation without requiring an organization stocked with Supermen and Superwomen.