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What Financial Functionality US Consumers Want On Mobile Devices

Nail The Basics To Quickly Expose The Value Of The Channel

July 12, 2010

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Why Read This Report

In the US, adoption of mobile financial services is rising: 11% of US online adults are now mobile bankers and 7% of those with investment accounts are mobile investors, although just 3% of online adults have interacted with their insurer via mobile in the past three months. Those who don't use mobile financial services point to mobile functionality basics such as balance updates, alerts, and money transfers as compelling reasons to try. Two groups, in particular, show well-above-average interest in such mobile functionality: smartphone owners and young people. For financial eBusiness executives, landing these users — and attracting a broader overall user base — hinges on getting the basics right and differentiating with easy-to-use, straightforward functionality that helps customers meet their everyday financial needs.

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  • Mobile Financial Services Adoption Today
  • Consumers Show The Most Interest In Basic Functionality
  • Smartphone Owners Over-index When It Comes To Interest In Mobile Financial Services

Also in Collection: How US Consumers Use Financial Channels

Table of Contents

  • Mobile Financial Services Adoption Is On The Rise
  • Two Groups Show The Most Interest In Mobile
  • New Delivery Channel Doesn't Change Consumers' Need For Basic Services
  • RECOMMENDATIONS

  • To Win The Day, Focus Mobile Strategies On The Basics
  • Supplemental Material
  • Related Research Documents

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