on Apr 13th, 2010DBS & POSB Mobile Banking – Yay or Nay?
DBS and POSB have announced mobile banking services to their customers. This sounds really great for DBS customers like myself, that spend a whole chunk on my mobile phone anywhere I go. However, there may be certain backlash with this movement by the two Singapore banks. I’m wondering how is it really “mobile” when customers will have to use the DBS iB Secure Device dongle to authenticate ourselves when logging into our accounts. If you want to use DBS bank online with your mobile phone, you would have to bring the small device out with you – which increases the chance of it getting lost!
Personally, I don’t foresee myself using the DBS mobile banking service until they decide to make some changes to the authentication procedure. However, since this might be a security issue, DBS probably wouldn’t enhance the login procedure. Oh well!
DBS Mobile Banking site (can only be accessed with phones): DBS mBanking
DBS Bank and POSB customers can now access mobile banking services that allow transactions to be carried out on mobile phones.
Singapore’s biggest lender finally joined rivals OCBC Bank, Citibank and Standard Chartered Bank in offering the increasingly popular facility.
http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_513714.html
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