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.

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. 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.

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