An interesting report out from FICO... For Banks the most requested functionality from a smart phone was the ability to check account balances (75%), more than half of respondents wanted to receive notifications of potential fraudulent activity (59%), make payments from their account (53%), and transfer money between their accounts (50%) using their smartphone.

The demographic breakdown shows that across all categories, young people expressed the most interest in banking services delivered by smartphone. When it came to specific product services such as receiving credit card bill payment reminders and credit card limit warnings, people aged 25 to 39 were the most interested in delivery by smartphone.