iPad in Banking: 7 Important Considerations

Shahab Choudhry | January 19, 2012 | Mobile Strategy

Learn how the iPad in banking can help build strong customer loyalty and increase your wallet share

My article on this subject was published in i.Business Magazine on Jan 18, 2012.

“We believe that mobile devices in general will change the game but more importantly the iPad in banking will be a great way to change the one-on-one customer interaction.”

For financial institutions looking to adopt the iPad in overcoming these challenges, here are a few of the 7 key considerations I outlined in the article:

  1. Establish goals for your iPad innovations strategy – Understand the drivers and use these to set clear goals for your iPad app innovation. Articulating what you are trying to accomplish and how you can measure the performance against these goals is important to establish upfront.
  2. Draw a distinction between consumer facing self-service mobile apps vs. apps that are used for scenarios involving one-on-one interaction with the customer. These later types of scenarios yield the best ROI and are the best candidates for iPad app development.
  3. Use Ideation to think out of the box. Innovate, don’t just optimize. Challenge the status quo by getting away from just looking at current processes and trying to improve them.

Read the full article by clicking on the image below (PDF, 274k, new window):

iPad in Banking - 7 Considerations - iBusiness Magazine

Shahab Choudhry

Shahab is a visionary thought leader and builder of successful companies that has been at the forefront of trying to make sense of the various technology shifts in the past two decades. He has advised several startups, early stage companies and Fortune 500 companies in making the most of these technology shifts. His focus has been on new products and platforms for the enterprise. His track record as a builder of companies includes IPOs, successful acquisitions as well as a failed startup. Shahab can be reached at shahab.choudhry@propelics.com or on twitter at @shahabchoudhry.

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