Commerce Bank, which bills itself as America’s Most Convenient Bank, has launched a Virtual Private Bank reports Mobile Weblog, making it the first Web-based private banking platform. Commerce customers will be able to access their accounts from PDA smartphones such as a Blackberry or Treo, or the upcoming iPhone.
According to the company’s press release, “this technology equips clients with an up-to-date financial picture of all their assets, and organizes other important information – such as stock trackers, medical and insurance information, account numbers, world news, weather, sports and even their favorite wines.” Now that’s convenience!
America’s Most Convenient Bank Offers First Mobile Private Banking Service [Mobile Weblog]
Hey,
i do believe that the technology built must be a fabulous piece of art, though having seen the market and having deployed some Mobile Commerce application myself in the last couple of years, I differ in the thought of implementation of these services.
Let’s see, the targeted consumer are the guys with Blackberry etc, now the next question that comes to my mind is a consumer with a “blackberry” kind off profile would definately have the access to internet either at his workplace or at his house. Now tell me, how many times would he do the mobile banking transactions because he has already gone through the learning cycle of doing a similar transaction on the internet.
i do see few people becoming subscribers to the service, though i disagree with the thought that this service could be viral in nature.
abhinav