Corporate Mobile Banking:  The Times They Are A-Changing

March 20th, 2008 at 2:30Eastern/11:30Pacific for about 1 hour

 

Fee:  $275 per company plus
$50 per telephone line used

 

Presentation Highlights

 

Jacob Jegher
Senior Analyst
Celent

jjegher@celent.com
 


 
   

Session Description:

Cash management is at a turning point. By and large, the applications
have matured and provide a host of core features and benefits for their demanding client base. However, there is plenty of room for improvement. Corporate banking customers are constantly looking to their banks to provide innovative ways of increasing efficiency. It is time for banks to step on the accelerator. While the potential of the consumer mobile banking market has been a focus recently, little emphasis is being placed on the corporate or small business markets.

This session will examine how mobile devices are impacting work attitudes, behavior, and productivity. The state of the mobile world is opening an array of opportunities for corporate users. A cultural and behavioral shift has started to occur as large, midsize, and small businesses have affixed mobile devices to their users' hips. Because corporate users are so in tune with the benefits and flexibility of mobile technology, they make excellent candidates for mobile banking services. Device evolution, Blackberry mania, faster networks, and the prevalence of data plans will drive adoption of corporate mobile banking
services. Competitive pressures from first movers, new vendor solutions, and demand from corporations will also be important drivers.

This session will explore why banks are taking their time with mobile corporate banking. A detailed depiction of potential mobile banking features and functions is provided, along with an analysis of mobile banking technologies, and the current state of the vendor market (cash management and mobile banking). Finally, the report presents a case study on Wells Fargo, the first US financial services company to announce a mobile banking solution for its commercial banking customers.

This program is appropriate for senior financial executives with responsibility for Wholesale Banking, Cash Management Services and Technology, Small Business Banking, Electronic Payments, Marketing,
Marketing Research and Strategy teams.


About Jacob Jegher:
Jacob Jegher, based in Montreal, Canada, is a senior analyst within Celent's banking group. Mr. Jegher's current research focuses on emerging technologies and strategies in the banking industry, including security, IT spending, customer relationship management, cash management, cross-border payments, and commercial lending.

Mr. Jegher has been widely quoted in the press including The New York Times and the Globe & Mail. Mr. Jegher is also an experienced speaker and has presented at numerous industry conferences and corporate events.

Before joining Celent, Mr. Jegher was an analyst for BCE Emergis, a leading North American e-business company based in Montreal. In this role he was responsible for strategic analysis as well as market and competitive intelligence. With a focus on both the US and Canadian financial services sectors, Mr. Jegher analyzed a wide range of e-business products, companies, and technologies.

Before working at BCE Emergis, Mr. Jegher was a manager of information systems at Research One International, a healthcare consulting and market research firm based in Canada. His responsibilities included managing the corporate IT infrastructure.

Mr. Jegher earned a bachelor of commerce in finance and management information systems from McGill University. He is fluent in English, French, and Hebrew.


About Celent:
Celent is a research and consulting firm focused on the application of information technology in the global financial services industry.

The firm has two basic offerings:

  • Research, providing members with continuous knowledge and advice, and
  • Consulting, working with clients on specific strategy issues.

Founded in 1999 by veteran financial services technology analysts, Celent is an independent, self-financed, and profitable firm dedicated to providing unbiased information and advice to financial services firms.

Celent's analyst team is organized by financial services industry vertical: Banking, Securities & Investments, as well as Insurance. These analysts produce monthly research reports for our members, and are available to members to further explore issues and questions that may arise. This direct access to Celent's analysts means that members can immediately contact established experts on a large variety of issues within financial services technology.

In addition, these same analysts engage in strategy and management consulting projects for both members and non-member firms. Our research and consulting teams are one and the same, which means that our strategy consulting clients have direct access to the knowledge and expertise gathered as part of our research practice. This knowledge is fully brought to bear on specific client issues, providing Celent with a significant head start on consulting projects.


www.Celent.com

 

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