U.S. financial services companies may lag Europe in the use of mobile devices, but they sound enthusiastic about the channel - especially in detailing their ventures under way in Europe.

Citigroup Inc. is counting on mobile to drive its international expansion, said Alan Young, vice president and executive director of technology at e-Citi. Mr. Young was one of the speakers at a panel discussion presented in New York last week by Ericsson Inc., the Swedish mobile phone manufacturer.

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