Home | Business News | Browse by Publication | W | Wireless Business & Technology

The financial service industry goes wireless: high-speed networks, device capabilities, and reliable access to content are making it a reality. (Mobile Finance).

Article Excerpt
With the advancement of high-speed wireless networks and mobile phone technology, and a demand from investment banks, the availability of real-time stock quotes and financial data, using phones, PDAs, and Pocket PCs, is now a reality.

it's taken some time, but wireless has finally become a viable medium for transacting the business of the financial service industry. Long promised by wireless telecommunication industry professionals and a host of application service providers, years of concerted efforts are finally paying off. Investment banks and other financial institutions are now able to take advantage of real-time wireless quotes, research applications, and the capacity to conduct real-time transactions using wireless networks. Now they can keep up with the quickening pace of business and conduct critical transactions 24/7, 365 days a year.

Three Key Factors

Three key factors finally came together to facilitate the acceptance of these new technologies. They include the implementation of reliable high-speed wireless networks across the U.S., the convergence of wireless voice and data technologies in a variety of devices, and the availability of dependable and user-friendly applications that maintain the integrity of critical...