1. Introduction to mobile financial services and its implications


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1. Introduction to mobile financial services and its implications

  1. 1. Developing a Mobile PropositionSection 1: Introduction to mobilefinancial services and its implicationsMICHAEL NUCIFOROMobile Consultant, Innovator and Futurist
  2. 2. Section 1 – 10:25 to 11:20Examining the capabilities of mobile: present and future• Global review: case studies of leading mobile offerings from around the world• Understanding the different features of mobile devices and their potential applications• New technologies on the horizon: the capabilities you should look out for• The security implications of mobile functionality and how these should be addressed 2
  3. 3. We heard it all before… 3
  4. 4. This time it’s different… 4
  5. 5. Everything aligned… 5
  6. 6. A Mobile economy has emerged… 6
  7. 7. And it’s blurring boundaries… 7
  8. 8. This means…‘As banking becomes Mobile, there is a needto reach consumers in new ways, providerelevant, timely information and ultimatelyinfluence behaviour right at the point ofimpact’. 8
  9. 9. The second wave is coming… 9
  10. 10. Last year alone… 10
  11. 11. Web versus Native… Data, images and layout are downloaded every time a page is launched WEB BROWSER DATA, IMAGES Images, layout, and some copy is Only required data is downloaded once – up front requested upon page launch NATIVE DATA 11
  12. 12. Native capabilities… NATIVE 12
  13. 13. New opportunities… 13
  14. 14. Two Factor Security Models…Native capabilities can also enhance security: Global Unique Security Token per mobile client application instance Mobile number of the consumer PasswordTogether, these three items provide: Something the customer has  Security Token  Stored in the app instance Something the customer knows  Mobile Number  Password/PIN 14
  15. 15. Castlight Health’s Mobile App Castlight utilises native technology to streamline the health insurance process. 15
  16. 16. Progressive Insurance Quotes Progressive Lets Customers Get Quotes, File Claims, And Pay Bills By Taking Pictures. 16
  17. 17. Barclays Pingit Barclays Pingit has utilised push notification reminders with deep links to functionality. 17
  18. 18. Capital One Sales Capital One has developed product sales journeys using adaptive design. 18
  19. 19. Halo Cab Ordering Halo has leveraged location technology to instantly hail a cab. 19
  20. 20. eBay Online Shopping eBay offers QR scanning so you get price compare in store. In the UK, 1 car is sold every minutes on eBay mobile! 20
  21. 21. Zeebox TV Guide Zeebox has used HTML5 to provide a rich interface across multiple device types. 21
  22. 22. NatWest GetCash Customers simply enter the amount they wish to withdraw and a ‘cash code’ is revealed. They then input the code into an ATM to withdraw funds. 22
  23. 23. PayPal Wallet PayPal allows customers to import their card details via the camera. Simple and secure. 23
  24. 24. Bank of America BofA offer mobile cheque deposit function. Customer can take a photo of the front and back of their cheque before submitting. 24
  25. 25. CommBank ‘Bump’ Customers can send and receive money by touching phones together – bump! 25
  26. 26. ABN Amro ‘Eurogami’ Customers can add an image, a ‘Eurogami’ or send a text message to recipients when making a payment. 26
  27. 27. SEB Augmented Reality The app allows customers using the augmented reality branch finder to view real time information on branch waiting times. 27
  28. 28. Key takeaways…1. Mobile will be the primary digital connection for your customers2. The future of mobile is user context3. Leverage immediacy, intimacy, and context throughout the customer life cycle4. Reassure consumers about their privacy and security5. Utilise native technology where applicable6. Focus on value add, not gimmicks! 28