Mobile Banking: Opportunities and Risks
Banks like Chase have resorted to the use of mobile banking applications due to the increased opportunities that they present for building a client base. When a bank decides to use electronic systems to create a mobile banking application, it must be aware of privacy concerns, technology patents and risks presented by this technology. This white paper addresses the concerns that bankers and attorneys charged with representing the best interests of financial institutions should keep in mind when dealing with issues relating to mobile banking applications.
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