Fundtech will begin testing a mobile banking platform this summer with a few of its U.S. bank clients that is designed to provide a variety of services while seeking to assuage treasury executives' primary concern: security.
The banking software provider's initiative follows a study it sponsored showing that most businesses are interested in mobile banking, even though it's estimated that just 4% now use these services worldwide.
The survey, conducted last fall by independent research firm Aite Group, found that 56% of treasury executives worldwide are interested in conducting advanced functions such as approving transactions and initiating payments, and 49% are willing to pay extra for mobile cash management services.
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