Financial Institutions and Mobile Devices

It seems that financial institutions will need to focus on relationships with mobile device service providers and manufacturers.   In order to enhance customer service and relations, these institutions need to make mobile banking available to their customers.

Some financial institutions such as Barclays Plc are already working with service providers to leverage NFC payment trials. This could give a new definition to Machine-to-Machine interactions.

It is anticipated that cell phones will morph into management devices providing users with the ability to manage not only their finances but their entire homes.  Looks like people will be even more attached to their phones than before.