31 July 2016
Find out more

Security and BYOD policy management key barriers to corporate mobile banking

05 December 2013  |  6364 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  |  6536 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  |  11280 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  |  6237 views  |  0 comments | 7 tweets | 7 linkedin
Deutsche Bank Autobahn goes mobile

Deutsche Bank Autobahn goes mobile

12 June 2013  |  7398 views  |  0 comments | 5 tweets | 4 linkedin
Mobile corporate banking moves up the agenda

Mobile corporate banking moves up the agenda

30 March 2011  |  10191 views  |  1 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comFind out moreVisit www.abe-eba.eu

Top topics

Most viewed Most shared
Groupe BPCE agrees to buy FidorGroupe BPCE agrees to buy Fidor
8839 views comments | 38 tweets | 56 linkedin
Telefonica Germany launches Fidor-backed mobile banking serviceTelefonica Germany launches Fidor-backed m...
7257 views comments | 16 tweets | 22 linkedin
hands typing furiouslyManaging Big Data After Brexit
6951 views 0 | 6 tweets | 8 linkedin
hands typing furiouslyWhat is FinTech and where does it Live?
6157 views 0 | 14 tweets | 4 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job