01 October 2016
Visit dh.com

Security and BYOD policy management key barriers to corporate mobile banking

05 December 2013  |  6423 views  |  0 Business man using Smartphone

Corporate treasurers cite security challenges and bring-your-own-device business policies as the key obstacles to wider uptake of mobile banking platforms for treasury activities.

Of 135 finance and treasury professionals collared by Capital One at the annual Association for Finance Professionals (AFP) gathering, barely one-in-three used a corporate mobile banking platform.

Security challenges with sensitive corporate data was cited as the primary barrier to widespread adoption(66%), followed by obstacles for companies figuring out their BYOD policies (24%).

Capital One views the results as a positive, as many of those polled recognised the advantages afforded by mobile technology - representing a large untapped market opportunity for transaction banks.

"As treasury departments continue to innovate, tools and services that grant finance professionals mobility and agility will keep gaining traction," says Colleen Taylor, head of treasury management and enterprise payments at Capital One Bank. "The results of our survey confirm that treasurers recognise the opportunities to leverage mobile banking to complete their day-to-day tasks, and many plan to invest in new treasury tools over the next several months."

Fifty-eight percent of the sample noted that the primary benefit is the ability to make payments, transfers and wire approvals. It also found that access to account data and payment history were high on the benefits scale, but more complex processes, such as access to performance indicators (13%) and ability to decision positive pay items (four percent) trailed in interest.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Barclays revamps Pingit to let big firms send payments to customers

Barclays revamps Pingit to let big firms send payments to customers

19 November 2013  |  6608 views  |  0 comments | 10 tweets | 10 linkedin
Brown Brothers Harriman to ditch traditional desktops as workers go mobile

Brown Brothers Harriman to ditch traditional desktops as workers go mobile

01 October 2013  |  11367 views  |  1 comments | 5 tweets | 10 linkedin
Bank of America reports one million small business mobile subscribers

Bank of America reports one million small business mobile subscribers

22 August 2013  |  6283 views  |  0 comments | 7 tweets | 7 linkedin
Deutsche Bank Autobahn goes mobile

Deutsche Bank Autobahn goes mobile

12 June 2013  |  7461 views  |  0 comments | 5 tweets | 4 linkedin
Mobile corporate banking moves up the agenda

Mobile corporate banking moves up the agenda

30 March 2011  |  10235 views  |  1 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreFind out moreVisit contisgroup.com

Top topics

Most viewed Most shared
Ripple rudely gatecrashes Sibos partyRipple rudely gatecrashes Sibos party
11079 views comments | 35 tweets | 33 linkedin
BNP Paribas is working with clients on blockchain deploymentBNP Paribas is working with clients on blo...
7963 views comments | 15 tweets | 31 linkedin
Banks ready for real-world blockchainBanks ready for real-world blockchain
7052 views comments | 22 tweets | 29 linkedin
PayPal and Lenovo team on biometric authentication for laptopsPayPal and Lenovo team on biometric authen...
6814 views comments | 13 tweets | 16 linkedin
Distributed ledger technology could damage financial market integration - ECBDistributed ledger technology could damage...
6283 views comments | 15 tweets | 10 linkedin

Featured job

to c.£100K base, double OTE
London, UK (covering Europe)

Find your next job