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2011 – 2012 Mobile Banking Vendor Scorecard: Mobile Banking Has Moved from a “Nice-to-Have” to a “Must-Have” Channel Product Image

2011 – 2012 Mobile Banking Vendor Scorecard: Mobile Banking Has Moved from a “Nice-to-Have” to a “Must-Have” Channel

  • Published: October 2011
  • 76 Pages
  • Javelin Strategy & Research

After a pause in 2010, consumer adoption of mobile banking skyrocketed by 60% in 2011 as hundreds of new banks went live with their mobile offerings. In this third annual review, Javelin provides a highly detailed analysis and ranking of the mobile banking solutions of 15 major vendors and identifies detailed best practices and the “top 10 trends” for the industry. Intended for both financial institutions and vendors, this report should be used as a guideline for those institutions developing their mobile banking strategies and/or involved in selecting a vendor. Additionally, this report provides mobile banking vendors with sound principles, evidence-based guidelines, and thorough strategies for further building out their solutions into the future. Topics covered include consumer adoption by mode, analysis of iOS, Android, BlackBerry, and Windows Mobile operating systems, mobile remote deposit capture, mobile tablets (some surprising findings here), and each vendor’s path to mobile payments.

Primary Questions

- What are key criteria financial institutions should consider when developing their mobile banking strategy?
- Which vendors have the best mobile READ MORE >

Overview
Primary Questions
Methodology
Executive Summary
Top Ten Trends for Mobile Banking Vendors
The Vendor Results
Consumer Adoption Update
Smartphone Crossover Is Imminent
Triple Play Needed to Reach Mobile Constituency
Application Banking Most Popular
Which Operating Systems Will Triumph?
Google Android
Apple iOS
Windows Phone
HP WebOS
RIM’s BlackBerry
The Critical Importance of Security to the Mobile Channel
Mobile Remote Deposit Capture
Tablets Are the New Opportunity
Mobile Banking Vendors
Vendor Profiles
Clairmail
FIS
Fiserv
Harland Financial Solutions
Infosys
Intuit
Jack Henry
Kony 38
mFoundry
Monitise
Online Resources (ORCC)
Q2ebanking
S1
Sybase
Tyfone
Yodlee
Vendor Checklist
Appendix
Related Research
Companies Mentioned

Table of Figures

Figure 1: Total Points and Percentage Weights Available by Category
Figure 2: Total Scoring Example and Interpretation
Figure 3: Overall Vendor Scores
Figure 4: Mobile Consumers Conducting Mobile Banking Longitudinal 2009 – 2011
Figure 5: Mobile Banking Adoption by All Mobile Consumers vs Smartphone Owners
Figure 6: Feature Phone vs Smartphone Adoption 2009 – 2010
Figure 7: Percent of Mobile Banking Vendor Offerings by Mode
Figure 8: Mobile Phone Features Used by Consumers, 2011
Figure 9: Financial Institutions Surveyed by Type of Mobile Banking Offered
Figure 10: Longitudinal View of OS Adoption in the US, 2009 – 2011
Figure 11: Number of Apps vs Installed Base by Platform 2011
Figure 12: Reasons for Not Mobile Banking by All Mobile Consumers vs Smartphone Owners
Figure 13: Percent of Mobile Banking Vendors Offering Mobile RDC
Figure 14: Products and Services Owned: Tablets and E-Readers
Figure 15: Consumer Adoption of Tablets by Operating System
Figure 16: Vendor Comparison: Basic Features
Figure 17: Vendor Comparison: Basic Features II
Figure 18: Vendor Comparison: Alerts, IP, and Aggregation
Figure 19: Vendor Comparison: Back-Office Capabilities
Figure 20: Vendor Comparison: Security
Figure 21: Vendor Comparison: Platforms
Figure 22: Vendor Comparison: Scalability
Figure 23: Vendor Comparison: Market, Apps, and Operating Systems (OS)
Figure 24: Vendor Comparison: Tablets
Figure 25: Vendor Comparison: Mobile Remote Deposit Capture
Figure 26: Mobile Consumers Conducting Mobile Banking, 2009 – 2011
Figure 27: Mobile Banking Use by Smartphone Owners and All Mobile Consumers
Figure 28: Frequency of Mobile Banking Usage by SMS Text, Browser, or Downloadable Apps
Figure 29: Consumers’ Perceived Security of Mobile vs Laptop Transacting
Figure 30: Desirability of Mobile Remote Deposit by Various Types of Smartphone Owners
Figure 31: Tablet Banking by Tablet Owners
Figure 32: Consumer Desire to Use Mobile Phone for Other Purposes
Figure 33: Percent of Mobile Banking Vendors Offering Basic Features
Figure 34: Percent of Mobile Banking Vendors Offering Advanced Features

- Apple 
- mFoundry 
- Clairmail 
- Microsoft 
- FIS 
- Monitise 
- Fiserv 
- Online Resources (ORCC) 
- Google 
- Q2ebanking 
- Harland Financial Solutions 
- RIM 
- Hewlett Packard 
- S1 
- Infosys 
- Sybase 365 
- Intuit 
- Tyfone 
- Jack Henry 
- Yodlee 
- Kony

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