You are here: silicon.com > Financial Services > News

HSBC brings business banking to iPhone

Time to kill? Then manage your pension

Tags: money, business, iphone, mobile banking

By Tim Ferguson

Published: 24 June 2009 16:01 GMT

Global bank HSBC is now offering its business internet banking services to UK customers using the Apple iPhone and iPod Touch.

HSBC claims to be the first financial institution to offer this type of service on these mobile devices in the UK. The bank launched the service for BlackBerry devices in October last year.

Thanks to the new service, the bank's 325,000 business internet banking customers with an iPhone or iPod Touch can securely monitor their financial transactions, make payments of up to £100,000 per day, apply for overdrafts and set up and manage pensions.

The bank's online-only division First Direct has been offering online banking on the Apple devices since January 2008 but it's only now that HSBC business customers have been able to enjoy the service.

Huw Morgan, head of business banking at HSBC, said that around 70 per cent of business customers choose to bank online and the new way of accessing the service should increase the number of people using it.

The bank is looking at rolling out the service to other mobile devices in the near future.

HSBC recently said it is overhauling its approach to transaction monitoring and examining how emerging technologies could improve security.

  1. Zones
  2. Management
  3. Networks
  4. Software
  5. IT Services
  6. Hardware
  1. Verticals
  2. Public Sector
  3. Financial Services
  4. Retail & Leisure

silicon.com Financial Services
Get the latest financial services news straight to your inbox. Sign up for the FS newsletter today!


  • Jobs
IT Support Manager

Duties include: Management of the business network: - DHCP, WINS, DNS, RAS, TCP/IP, VPN, NetBIOS, Ethernet, LAN, WAN - Monitoring the server, network ...

Senior Business Analyst - Financial Institution - Docklands

Senior Business Analyst is urgently required to join a financial institution based in the Docklands.You will be responsible throughout a project ...

Technical Analyst - Financial Institution - City

Technical Analyst is urgently required to join a rapidly growing financial institution based in the City London. The role is aimed at providing a ...

Nick Beecham and Belinda Doshi
No more tax breaks for offshoring?
Financial services firms must prepare now for 2010 legal changes

Tim Ferguson
On a new Voyager, tackling fraud and the intellectual challenge
Interview: Nationwide IT director, Peter Stafford

Nick Heath
David Lister on smart grids and why he left RBS
Interview: National Grid CIO

Andy Jones
Why banks will push ahead with offshoring
Comment: Even if they don't want to

Catherine Stagg-Macey
Legacy IT holding back insurers
Comment: Economic crisis means finance giants must step lively

Julian Goldsmith
The City fund manager with no IT department
Q&A: How asset management is embracing the cloud...

Agenda Setters 2009
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.




Quick Sitemap Links: