In response to the increased use of mobile banking applications among consumers, financial services industry regulators may soon release new guidance on how banks and other organizations should go about leveraging this trend, according to BankInfoSecurity.

The use of mobile banking applications may be included in a forthcoming update to the  Federal Financial Institutions Examination Council's Authentication Guidance. However, the news provider reported, industry regulators are still getting up to speed when it comes to the emerging mobile space.