Analysts predict an increase in malware – malicious software – and other security threats that hackers spread through mobile devices, especially as sales of smartphones continue to explode worldwide.

The growth of smartphones and mobile phone technology has spurred development of mobile banking applications from third parties, developers and banks.

Mobile financial services provider Roamware has debuted its Cardless ATM platform for financial institutions worldwide.

Mobile banking and payments are growing impressively, cutting costs for financial institutions, but where do banks need to ramp up?

By 2015, Berg Insight forecasts that 894 million people worldwide will use mobile banking or related services.