contador Skip to content

The first steps of the iPhone in the world of finance

The official announcement from Apple that communicated to the world the forthcoming introduction of the SDK 2.0 for iPhone was greeted with enthusiasm especially by the companies, including the important US financial institution and the top official interviewed by ComputerWolrd who, for reasons of corporate policy , remain anonymous throughout the article.

The enthusiasm for the SDK derives from the new support for corporate mail services, for the best solutions for the secure exchange of data on cellular networks and on the Web, as well as numerous other technologies that made iPhones safely integrated into existing IT structures. It is no coincidence that Gartner, after a first rejection of the iPhone for business use, revised his opinion blessing the smartphone and also predicting great success. See this Macity article

As far as the financial institution is concerned, the initial enthusiasm about the SDK 2.0 diminished after an initial examination of the functions offered, carried out a week after the official announcement of Steve Jobs, this due to the safety rules that financial institutions are obliged to to integrate to meet US federal regulations.

In the meantime, an ever-growing number of customers have used Cupertino's smartphone to access their account, move funds and other sensitive operations, effectively pushing the company to proceed with a re-examination of its position on the iPhone.

The manager's statements are interesting: "We have numerous iPhone detections every month for our mobile transactions, certainly a very popular device. We need to understand why it is so popular and review why we don't allow our associates to use it. ?

The doubts that the manager of the financial institution raises on the iPhone concern data security and the operation always paired with iTunes

Although the SDK 2.0 offers advanced tools for encrypted transactions via Cisco IPsec private networks, the information stored on the iPhone cannot all be encrypted. While the operation of the iPhone always in parallel with iTunes is problematic in large corporate networks with dozens, hundreds of terminals where corporate and network policies prevent you from installing Apple's software.

IT managers and administrators of many companies fear that the installation of iTunes will lead to congestion for the traffic generated on the network, to the exhaustion of the disk space of the workstations, finally problems that are anything but secondary to the use of material covered by copyright.

Despite this, the interviewed executive remains optimistic: in addition to doing everything possible to integrate the Apple smartphone into its remote banking services, the financial institution is also about to begin experimenting with its internal officials.

According to JupiterResearch analyst Gartenberg, the interest in SDK 2.0 shared by many other companies and financial institutions. The researcher also convinced that Apple is providing the appropriate support and tools for the purpose: convincing from every point of view even in the most complex and delicate situations, to win even where initially iPhone was viewed with skepticism.

The news is of some importance because a possible adoption of the iPhone by financial institutions, both for internal use among employees, and for the management of remote transactions by users, would mean a complete and definitive blessing for the smartphone of Cupertino also in the business field.