Banks moving towards mobile banking

Headline : Banks moving towards mobile banking

Date : March 01, 2013

Media Title : Channel News Asia

Programme : Business Central

Frequency : Daily

Language : English

Summary:

  • Banks are shifting investment from brick and mortar branches to slick IT solutions.
  • Singapore software company Tagit is tailoring solutions differently for emerging markets like Indonesia and the Philippines, and banks with established networks in developed countries like Japan and Australia.
  • Sandeep Bagaria, CEO of Tagit, explained: “If you think of emerging markets, the innovation is coming around ‘how do I reach a large mass of people using the mobile application and then necessarily providing new innovative services?’ In developed markets, it’s ‘how can I provide them with more facilities, more services than I would do before?”

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