Extraordinary Mobile Technology at Standard Bank of South Africa!

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In a recent executive brief by IBM Global Business Services titled “No Bank is an Island – Get global before globalization gets you” (see http://ibm.co/ApnvYB) was a eye opener. To read about global opportunities in the emerging markets may be an idealistic and far-fetched concept, but to actually see it in action is “extraordinary.” A recent view of an SAP video (see http://bit.ly/yiaiaC) of Standard Bank in Johannesburg, South Africa using the Sybase Unwired Platform, actually “takes banking to people.” Yes, the “unbanked”! Just imagine opening up a bank account in a village, farm, or marketplace with a mobile device. Exciting! Standard Bank has embraced technology and increased their customer base by leaps and bounds. Look out U.S. banks global competition is on its way!

About the Author
Cathy C. Smith, Founder & CEO of Chameleon Consulting specializes in managing risk to improve profits by developing regulatory compliant policies and procedures, upgrading systems, automating processes, and training employees. Clients include banks, insurance companies, small businesses, and professional service firms.

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