Mobile banking gains acceptance among CFOs, survey shows

The findings suggest Standard Chartered's two new iPhone applications, one of which is said to be first to enable both cash and trade authorisation, are coming at the right time.

The success of mobile banking services for retail banking is one thing, but to replicate that on the corporate side is quite another. When chief financial officers and treasurers are questioned about the benefits of mobile technology for their business, they are typically noncommittal. Curious perhaps, but they remain unconvinced about the merits of mobile technology due to concerns over security, and are uncomfortable with the idea of authorising potentially large transactions via a small mobile device. Or so the sceptics would have us believe.

However, it turns out that a large number of CFOs and treasurers would, in fact, welcome the technology, and might even be willing to pay for it. At...

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