Bank drops BlackBerry

2010-05-17 13:21
Hong Kong - British bank Standard Chartered is replacing the BlackBerry, currently its standard corporate communication device, with the iPhone, a move that could eventually result in thousands of its bankers switching to the Apple device for business communication on the go.

Standard Chartered bankers in Asia said that the London-based lender was giving its corporate BlackBerry users the option of switching to the iPhone, with the company agreeing to continue to pay monthly billing for business-related telephone and data services.

"It's a group-wide initiative involving wholesale and consumer banks globally," said a Singapore-based spokesperson for Standard Chartered.

The process of migrating corporate e-mail services from the Blackberry to the iPhone started about a month ago, said the spokesperson, although she did not know how many of the Asia-focused bank's 75 000 employees used company-issued BlackBerrys or when the switchover could be completed.

Bankers at other financial institutions such as HSBC Holdings Plc and Morgan Stanley have so far been restricted to the BlackBerry as the standard device issued by their firms for business communications.

Security concerns

Despite some indications of change, it may take time for a broader switch to take place, mainly because of security concerns, according to financial professionals and information technology analysts.

"If more companies switch to the iPhone, this is of course bad news for RIM," said Lu Chialin, an IT industry analyst at Macquarie Securities in Taipei. "However, it will take a long time for companies to do their own internal testing before deciding to change, so it will be a while before it has any effect on RIM."

BlackBerrys, from Canada's Research in Motion, are the device of choice for bankers and executives who need regular access to e-mail and the internet when outside the office.

RIM had the biggest share of the US smart phone market at 36%, ahead of handsets running Google's Android operating system with 28% and Apple with 21%, according to a recent study by NPB Group.

Singapore-headquartered Oversea-Chinese Banking Corp began offering its staff the choice of Blackberry or iPhone about a year ago, although most of its bankers have so far stuck to their Blackberries.

Some small, privately-held financial companies in Asia have also started allowing employees to port corporate e-mails to their personal iPhones on request, bankers and asset managers told Trading China, a Thomson Reuters online community for financial professionals focusing on the Greater China market.

The biggest issue for most companies choosing telephone and e-mail hardware is data encryption, said Macquarie's Lin.

"RIM has a system that is more effective than most other handset makers, so if there is a shift toward the iPhone it's not going to happen overnight, but rather a slow and gradual change." he said.
Read more on:    technology  |  iphone
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
5 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/Wine
 

You HAVE to see this MTB Tsunami Fip!

You might not know what a Tsunami Flip is, but just watching this will turn your eyes into saucers. Check out this first-ever MTB Tsunami Flip in contest here.

 
 

Where were you when you last felt alive?

Bear Grylls’ top 10 things kids should do outdoors
Mountain unicycling – say WHAT?
Top tips to ensure you’re running right
Stand-up paddle boarding a great workout

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Deal of the week!

20% off Afrikaans books, music and DVDs. Offer valid while stocks last. Shop now!

Save up to R1000 on Hisense smartphones!

View the large range of Hisense smartphones. Buy today and save up to R1000!

Hot gaming titles – available for pre-order!

Call of Duty: Advanced Warfare Day Zero Edition, Far Cry 4, Grand Theft Auto 5 and more. Pre-order now!

Get a free eBook

Buy 3 eBooks and get the cheapest FREE. Offer valid while stocks last. Shop now!

Bargain box – 60% off

Reduced prices, very limited stock. While stocks last. Hurry and shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

Pushing too hard and doing too much may have left you feeling drained and overwhelmed. You may need time out to recharge and reset...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.