Leading Global Banks Invest in Mobile Banking Opportunity

Survey Reveals Bright Future For mBanking With Growing Momentum Worldwide

DUBLIN, Calif. – May 2008 – Driven by the excellent opportunity provided by mobile banking to enhance existing customer services, nearly a third of the world’s largest financial organizations are planning to launch mobile banking services in the next 12 to 24 months, according to a recent survey commissioned by Sybase 365, a subsidiary of Sybase, Inc. (NYSE: SY), the global leader in mobile messaging services.

The survey, which was conducted by independent research company Loudhouse, pooled the views of 92 of the world’s top financial institutions (32 European banks, 30 banks in the United States and 30 banks from the Asia-Pacific region).

Results revealed that 66 percent of banks consider mobile banking an excellent opportunity to enhance existing customer service. While provision of such services is considerably advanced in European and Asia-Pacific regions compared to the U.S., growth is projected to be strongest in the U.S. with 53 percent of U.S. banks surveyed expecting to launch mobile banking services within the next 24 months.

“Key factors for financial institutions offering mobile banking are not solely commercial, such as reducing costs or generating revenue,” said Matthew Talbot, vice president, mCommerce for Sybase 365. “Mobile banking provides unique opportunities for customer interaction and retention.”

This broadening momentum should be encouraging for the consumer respondents to Sybase 365’s 2007 mobile banking survey, 33 percent of whom expressed a desire to deal with finances on the move. A key element in increasing adoption, which is mirrored in the 2007 consumer study, is the level of awareness that customers have of mobile banking services. It appears that banks are responding to the lack of awareness felt by consumers, with 65 percent of the banks who currently offer mobile services stating that marketing budgets and activities to raise awareness are part of their strategic plan for 2008.

The most common mobile banking services currently available to customers include balance on demand (offered by 87 percent of banks with mobile banking services), transaction alerts (77 percent), money transfers (74 percent) and balance alerts (71 percent). Of those banks that offer such services, the top reasons for doing so are to improve the customer experience (87 percent), to extend internet banking (81 percent) and to achieve competitive advantage (71 percent).

Research Methodology
“Mobile Banking: The Second Wave. Global Mobile Banking Survey 2008” targeted decision makers within the financial sector responsible for the delivery of mobile and/or internet banking. The sample included 32 European banks, 30 US banks and 30 banks from the Asia-Pacific region, a representative distribution of tier 1, 2, and 3 banks was also achieved. The research was complete in February 2008 and managed by Loudhouse research, an independent research consultancy based in the UK.

To download a free copy of the 2008 study or the 2007 Consumer study: “Nano-economics: Mobile Opportunities for the Financial Sector”, visit www.sybase.com/365.
Sybase and Sybase 365 are trademarks of Sybase, Inc. All other company and product names mentioned may be trademarks of the respective companies with which they are associated.

Special Note: Statements concerning Sybase 365’s future prospects, products and business relationships are forward-looking statements that involve a number of uncertainties and risks and cannot be guaranteed. Factors that could ultimately affect such statements are detailed from time to time in the Sybase, Inc. consolidated Securities and Exchange Commission filings, including but not limited to its annual report on Form 10-K and its quarterly reports on Form 10-Q (copies of which can be viewed on the Company’s web site).