Regional CFOs yet to bank on mobile technology

Mobile corporate banking is rising in popularity, say service providers, but many CFOs and treasurers remain unconvinced.
Red Gillen, senior analyst, Celent
Red Gillen, senior analyst, Celent

Treasury functions are increasingly being conducted via handheld devices in Asia, claim service providers. Whether through virtual commercial and processing cards whereby a single-user account is dedicated for a specific transaction and then delivered to a mobile device, or through funds transfer approval, payroll release, or monitoring settlements of incoming accounts, busy treasurers and CFOs are now carrying out their duties on the run.

Deutsche Bank reports positive take-up of its mobile authorisation solution since its launch in 2008, with 500 companies in Asia-Pacific having signed on to the service. The bank boasts an average 20% monthly take-up rate. “We see strong interest from corporates, and clearly from the current take up...

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