RaboDirect plans mobile banking platform

RaboDirect has announced plans for a mobile internet banking platform as it looks to keep up with current trends.

Speaking to ZDNet, RaboDirect general manager Greg McAweeney noted that all of the major banks, and even some of the second tier institutions are now offering transactional mobile banking services, with the rise of smartphones helping to drive adoption.

Mr McAweeney said that RaboDirect has started development on the mobile platform in tandem with a revamp of its public website.

As ZDNet observed, Australian consumers looking for mobile services now have a wealth of options when they come to compare savings accounts, with banks like Commonwealth, Westpac and National Australia Bank all offering internet banking platforms that can be accessed through a mobile browser, as well as purpose-built applications for smartphones.

Mr McAweeney commented that RaboDirect would look at all security and anti-fraud issues as the company developed its mobile option.

Meanwhile, Mark Rantall, chief executive officer at the Financial Planners Association, told the Herald Sun this week that Australians need better advice and education about how to handle their retirement savings.

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