"New research shows that when it comes to attitudes to mobile data privacy, smartphone owners in the UK are most concerned about companies having access to banking activities and content of texts and emails, while data collected around apps and web surfing on mobiles is of least concern.

The findings come from a report published by the Internet Advertising Bureau ( IAB) UK , supported by Weve." Continue Reading

"Facing customer complaints about the privacy settings in its new mobile banking app, Royal Bank of Canada promises that it does not sell client data and guarantees that its requests for access to information on the mobile devices simply lets the app function as advertised.

The concerns emerged this week after RBC launched an updated version of its mobile banking app. Customers with smartphones powered by Google Inc.’s Android operating system who attempted to install the program quickly realized RBC requested permission to access their call logs and contacts, as well as pinpoint their location via GPS." Continue Reading

Mobile Banking's Privacy Problem
"The FTC issued a report Saturday calling for better privacy protection for mobile device users. Financial data is a primary focus."

Will Tablets Be the Key for Corporate Mobile Banking?
"In February's Bank Systems & Technology digital issue, we looked at the current state of mobile banking for corporate customers, and examined some of the reasons why it hasn't been as quickly adopted as on the consumer side. We also talked to several industry experts about what could change that. One of those people, Patricia McGinnis, director of the commercial and enterprise payments solution at Mercator Advisory Group, believes tablets will be the driving force behind the eventual widespread adoption of mobile banking by commercial customers."

70pc of consumers want mobile banking app to avoid financial problems: study
"Consumers have high expectations with mobile banking, but many financial institutions are not following through, according to a report from Varolii Corp. In Varolii Corporation’s “Can you Bank on your Banking App?” study, the company takes a look at the gap between what consumers are asking for from their mobile banking and how financial institutions are delivering on their needs. The report outlines specific use cases when consumers want to be notified from their bank about their accounts."

Mobile Banking Blossoms on Smartphones
"mobilesecurity.com [Mountain View, CA] With internet access present in almost every home in the country, online banking has never been more convenient. New research shows that people are no longer tied to their PC or laptop when they want to check their statements or make transfers."

With 590M Mobile Banking Users Expected in 2013, New Insights From 41st Parameter Warn of Growing Fraud Threat
"41st Parameter, the global leader in fraud detection and prevention, warns that financial institutions are facing serious vulnerabilities as the usage of mobile banking skyrockets. To educate the industry, 41st Parameter has published a whitepaper that looks at adoption trends, threats and potential solutions to help mitigate the mobile risk to consumers and institutions alike."