Fundtech will begin testing a mobile banking platform thissummer with a few of its U.S. bank clients that is designed toprovide a variety of services while seeking to assuage treasuryexecutives' primary concern: security.
The banking software provider's initiative follows a study itsponsored showing that most businesses are interested in mobilebanking, even though it's estimated that just 4% now use theseservices worldwide.
The survey, conducted last fall by independent research firmAite Group, found that 56% of treasury executives worldwide areinterested in conducting advanced functions such as approvingtransactions and initiating payments, and 49% are willing to payextra for mobile cash management services.
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