Do People Want Wareable Banking?
Engagement with digital technology is increasing. Younger generations are more attracted towards digital technology Rising consumer expectations for digital experiences.
The true potential of mobile and the Wearable Impact on Life, Work, Socialization 7 Source: Report on Future of Wearable Tech, Wearables offer personalized touch Wearables help in communicating and sharing details irrespective of distance Devices point to increasingly sophisticated relationship people have with their technologies.
The Future of Mobile Payments – Role of mobile wallets in consumer purchase j...Data N Charts
This report will look into why US consumers aren’t warming up to mobile payment services and how mobile wallets can integrate shopping and peer-to-peer transfers to make payments relevant with smartphone owners for wider adoption.
Do People Want Wareable Banking?
Engagement with digital technology is increasing. Younger generations are more attracted towards digital technology Rising consumer expectations for digital experiences.
The true potential of mobile and the Wearable Impact on Life, Work, Socialization 7 Source: Report on Future of Wearable Tech, Wearables offer personalized touch Wearables help in communicating and sharing details irrespective of distance Devices point to increasingly sophisticated relationship people have with their technologies.
The Future of Mobile Payments – Role of mobile wallets in consumer purchase j...Data N Charts
This report will look into why US consumers aren’t warming up to mobile payment services and how mobile wallets can integrate shopping and peer-to-peer transfers to make payments relevant with smartphone owners for wider adoption.
PRESENTATION ON MOBIKWIK AND CONSUMER ADOPTION IN MOBILE WALLETMd Sadique Suleman
SECTOR INFORMATION (DIGITAL WALLET) WORLD WIDE AND INDIA
GDP CONTRIBUTION
FUTURE FORECAST OF DIGITAL WALLET WORLD WIDE AND INDIA
RESEARCH PART CONSUMER ADOPTION IN MOBILE WALLET
FINDINGS OF RESEARCH
A look at trends in mobile banking and whether a mobile app or mobile website makes more sense.
Lots of data from the Federal Reserve's March 2012 study.
12 Mobile Banking Trends to watch for in 2014abbiesjones
Banks are implementing latest innovations in their everyday banking technology solutions. Here we discuss 12 trends in mobile banking to watch in the year 2014.
NTT DATA Consulting’s annual mobile wallet analysis. Starting in 2013, we began analyzing some of the Mobile Wallet offerings leveraging a systematic view of the range of mobile payment capabilities and customer experience. With recent announcements from industry leaders such as Apple, Wal-Mart and the top financial institutions, we have updated our view on where each of the major mobile wallets fits in today’s market for 2016.
A short summary of trends and technology in mobile payments. A brief look into the past, present and future of mobile payments. We will have detailed sessions on each in the coming versions.
Mobile Payment Technology Analysis - Technology Leaders, Other Stakeholders....the current state of the market as of 8.2014. See www.audreymlehr.com or www.linkedin.com/in/audreymlehr for associated excel spreadsheet grid
PRESENTATION ON MOBIKWIK AND CONSUMER ADOPTION IN MOBILE WALLETMd Sadique Suleman
SECTOR INFORMATION (DIGITAL WALLET) WORLD WIDE AND INDIA
GDP CONTRIBUTION
FUTURE FORECAST OF DIGITAL WALLET WORLD WIDE AND INDIA
RESEARCH PART CONSUMER ADOPTION IN MOBILE WALLET
FINDINGS OF RESEARCH
A look at trends in mobile banking and whether a mobile app or mobile website makes more sense.
Lots of data from the Federal Reserve's March 2012 study.
12 Mobile Banking Trends to watch for in 2014abbiesjones
Banks are implementing latest innovations in their everyday banking technology solutions. Here we discuss 12 trends in mobile banking to watch in the year 2014.
NTT DATA Consulting’s annual mobile wallet analysis. Starting in 2013, we began analyzing some of the Mobile Wallet offerings leveraging a systematic view of the range of mobile payment capabilities and customer experience. With recent announcements from industry leaders such as Apple, Wal-Mart and the top financial institutions, we have updated our view on where each of the major mobile wallets fits in today’s market for 2016.
A short summary of trends and technology in mobile payments. A brief look into the past, present and future of mobile payments. We will have detailed sessions on each in the coming versions.
Mobile Payment Technology Analysis - Technology Leaders, Other Stakeholders....the current state of the market as of 8.2014. See www.audreymlehr.com or www.linkedin.com/in/audreymlehr for associated excel spreadsheet grid
How we make on demand apps that gets top rankingsAppinventiv
There’s an on demand app for everything around you. Every service that once you had to attend offline can be now be done with a touch of your hand. Join the wave by making an app for the next service you want to go offline. For Detail https://goo.gl/QJQcPp
How to Build a Future-Ready Mobile Wallet PlatformPanamax, Inc
Gone are the days when you had to carry a fat, heavy wallet in your pocket. Mobile Wallets have rapidly become a preferred choice, especially for those who are constantly on the go. As mobile wallets have revolutionized the way we use our money. No matter what we buy, a payment wallet is handy in the modern day and age. Let's the emergence of mobile wallets, popularity, and important things to consider while creating a future-ready mobile wallet platform.
The high rate of technology penetration is affecting the state of financial services:
• Collaboration economy – driven by social media
• On the go behavior – driven by intensive lifestyles and the rise of mobile technology
• Convenience seeking – driven by connectivity (“the internet of things” and wearable technology)
Time spent on social networking by internet users worldwide is on the rise, causing more sharing and peer to peer behaviors resulting in the “collaboration economy”.
Global Mobile penetration continues to rise, giving birth to more on the go/ mobile financial solutions. Rising penetration of Wearable Technology offers opportunities for companies.
In the EU, online banking adoption rates are 49% in the EU, and in other countries, USA included, penetration surpassed 50%.
We expect Mobile financial services to grow at an accelerated rate, due to the increase in solutions offered through mobile devices as well as younger demographics demand for ultra-convenient solutions. According to the Federal Reserve, in the USA, use of mobile banking continues to rise but is yet to reach the rates of online banking: 43% of all mobile phone owners, and 53% of all smartphone owners with a bank account, had used mobile banking in the 12 months prior to the survey, compared to 71% who used online banking on a desktop, laptop or tablet computer in the same period.
2015 saw financial institutions continue their shift toward a mobile-centric approach, as this channel quickly becomes the primary means of interaction between consumers and firms. According to a March 2015 report from the Federal Reserve, 35% of mobile phone users with a bank account used mobile banking in 2014, up 150% from 2010. Financial services firms continued to improve and refine their smartphone capabilities, and have begun to capitalize on new and exciting devices such as wearables. Traditional, established players are also taking inspiration from fintech firms and bitcoin wallet providers to provide a better experience to their clients.
In December 2014, we published our year-end review of interesting and noteworthy mobile finance trends that had occurred that year. Now, at the start of 2016, we take at look at how those trends have advanced and highlight some new developments that have emerged.
Top eWallet App develpoment in Dubai for 2024.pdfJPLoft Solutions
Finding the most reliable digital wallet software to manage your money can be a challenge. Knowing the capabilities, security, and reliability of so many wallet applications' capabilities is crucial. We have compiled a list of our top 10 best digital wallet applications to help you select. Look at its features before deciding on a platform or eWallet application development.
Industrial Revolution of Connected Experiences at Asia IoT Business PlatformKerem Abuc
With the uptake of smart devices and smart sensors, we are creating a huge hype of data which makes usage of Big Data and AI inevitable. Smart services, which will be a step forward to IoT, will learn our intents and preferences to evolve and adapt into our lives. Physical contents and interfaces will not be enough for the users, so emotional and physilogical ones are on their way.
Tap to Pay transactions are inherently secure. The best payment processor employs technologies such as tokenization and encryption to protect sensitive information, reducing the risk of fraud. To know more about this visit: https://webpays.com/payment-processing-companies.html
Mobile technology adoption continues to grow, and recent consumer trends include rise in wearable tech and VR / AR, as well as growing use of chatting apps, mobile commerce, and consumption of mobile video content. Marketers are responding to these trends with location based marketing, video content and ramification, among other tactics, in order to offer a more relevant and instant shopping experience.
Economics, money, and the way we make payments have undergone several changes since the time of the Stone Age. In a sense all these are key indicators of our progress as a species. The primitive methods indicated our primitive way of living. Similarly, the current payment methods powered by cutting-edge technology boast our technological achievements of today.
Online Banking Management System – Its Scope and the Technology Used.Techugo
The banking system allows banks to keep track of a few records. Therefore, a bank management software program is needed to simplify the process. For example, maintaining currency and international values is part of the job. Online Bank management systems must also act as currency distributors and serve the nation’s welfare.
Initio Digital Innovation Digest #11 Q4 2018Initio
Quarterly published Digest of most relevant digital innovations in bank and insurance. This quarter: focus on Ecosystems - Beyond Banking and Insurance
Efma distribution summit 2015 - banking on wearables how does it differ compa...YVON MOYSAN
Internet of Things: international Banking and Insurance wearable apps
Glasses, watches, wristbands, virtual reality headset, iBeacon or even wearable suits… Which bank or insurer have already launched a wearable app and why? What are the features of these apps dedicated to customers or employees? What are customers’ needs and expectations? What are customers’ fears? What are primary customers’ uses ? What are the app features that banks and insurers have already abandoned? What are the future app features or devices that banks and insurers expect to focus on? What are the Internet of Things key figures and projected trends?
This study includes more than 150 slides and covers the major wearables app that banks and insurers have developed so far. More than 70 of them are indeed analyzed. The objectives of the bank or the insurer are presented and illustrated by CEO or Digital Marketing Director verbatim, the main current and future features of the app and first customers’ feedbacks are detailed. In addition, the study includes several relevant links to press articles and videos illustrating the bank or insurer wearable app.
Automobile Management System Project Report.pdfKamal Acharya
The proposed project is developed to manage the automobile in the automobile dealer company. The main module in this project is login, automobile management, customer management, sales, complaints and reports. The first module is the login. The automobile showroom owner should login to the project for usage. The username and password are verified and if it is correct, next form opens. If the username and password are not correct, it shows the error message.
When a customer search for a automobile, if the automobile is available, they will be taken to a page that shows the details of the automobile including automobile name, automobile ID, quantity, price etc. “Automobile Management System” is useful for maintaining automobiles, customers effectively and hence helps for establishing good relation between customer and automobile organization. It contains various customized modules for effectively maintaining automobiles and stock information accurately and safely.
When the automobile is sold to the customer, stock will be reduced automatically. When a new purchase is made, stock will be increased automatically. While selecting automobiles for sale, the proposed software will automatically check for total number of available stock of that particular item, if the total stock of that particular item is less than 5, software will notify the user to purchase the particular item.
Also when the user tries to sale items which are not in stock, the system will prompt the user that the stock is not enough. Customers of this system can search for a automobile; can purchase a automobile easily by selecting fast. On the other hand the stock of automobiles can be maintained perfectly by the automobile shop manager overcoming the drawbacks of existing system.
Overview of the fundamental roles in Hydropower generation and the components involved in wider Electrical Engineering.
This paper presents the design and construction of hydroelectric dams from the hydrologist’s survey of the valley before construction, all aspects and involved disciplines, fluid dynamics, structural engineering, generation and mains frequency regulation to the very transmission of power through the network in the United Kingdom.
Author: Robbie Edward Sayers
Collaborators and co editors: Charlie Sims and Connor Healey.
(C) 2024 Robbie E. Sayers
Cosmetic shop management system project report.pdfKamal Acharya
Buying new cosmetic products is difficult. It can even be scary for those who have sensitive skin and are prone to skin trouble. The information needed to alleviate this problem is on the back of each product, but it's thought to interpret those ingredient lists unless you have a background in chemistry.
Instead of buying and hoping for the best, we can use data science to help us predict which products may be good fits for us. It includes various function programs to do the above mentioned tasks.
Data file handling has been effectively used in the program.
The automated cosmetic shop management system should deal with the automation of general workflow and administration process of the shop. The main processes of the system focus on customer's request where the system is able to search the most appropriate products and deliver it to the customers. It should help the employees to quickly identify the list of cosmetic product that have reached the minimum quantity and also keep a track of expired date for each cosmetic product. It should help the employees to find the rack number in which the product is placed.It is also Faster and more efficient way.
Saudi Arabia stands as a titan in the global energy landscape, renowned for its abundant oil and gas resources. It's the largest exporter of petroleum and holds some of the world's most significant reserves. Let's delve into the top 10 oil and gas projects shaping Saudi Arabia's energy future in 2024.
Explore the innovative world of trenchless pipe repair with our comprehensive guide, "The Benefits and Techniques of Trenchless Pipe Repair." This document delves into the modern methods of repairing underground pipes without the need for extensive excavation, highlighting the numerous advantages and the latest techniques used in the industry.
Learn about the cost savings, reduced environmental impact, and minimal disruption associated with trenchless technology. Discover detailed explanations of popular techniques such as pipe bursting, cured-in-place pipe (CIPP) lining, and directional drilling. Understand how these methods can be applied to various types of infrastructure, from residential plumbing to large-scale municipal systems.
Ideal for homeowners, contractors, engineers, and anyone interested in modern plumbing solutions, this guide provides valuable insights into why trenchless pipe repair is becoming the preferred choice for pipe rehabilitation. Stay informed about the latest advancements and best practices in the field.
Student information management system project report ii.pdfKamal Acharya
Our project explains about the student management. This project mainly explains the various actions related to student details. This project shows some ease in adding, editing and deleting the student details. It also provides a less time consuming process for viewing, adding, editing and deleting the marks of the students.
Quality defects in TMT Bars, Possible causes and Potential Solutions.PrashantGoswami42
Maintaining high-quality standards in the production of TMT bars is crucial for ensuring structural integrity in construction. Addressing common defects through careful monitoring, standardized processes, and advanced technology can significantly improve the quality of TMT bars. Continuous training and adherence to quality control measures will also play a pivotal role in minimizing these defects.
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Hybrid optimization of pumped hydro system and solar- Engr. Abdul-Azeez.pdffxintegritypublishin
Advancements in technology unveil a myriad of electrical and electronic breakthroughs geared towards efficiently harnessing limited resources to meet human energy demands. The optimization of hybrid solar PV panels and pumped hydro energy supply systems plays a pivotal role in utilizing natural resources effectively. This initiative not only benefits humanity but also fosters environmental sustainability. The study investigated the design optimization of these hybrid systems, focusing on understanding solar radiation patterns, identifying geographical influences on solar radiation, formulating a mathematical model for system optimization, and determining the optimal configuration of PV panels and pumped hydro storage. Through a comparative analysis approach and eight weeks of data collection, the study addressed key research questions related to solar radiation patterns and optimal system design. The findings highlighted regions with heightened solar radiation levels, showcasing substantial potential for power generation and emphasizing the system's efficiency. Optimizing system design significantly boosted power generation, promoted renewable energy utilization, and enhanced energy storage capacity. The study underscored the benefits of optimizing hybrid solar PV panels and pumped hydro energy supply systems for sustainable energy usage. Optimizing the design of solar PV panels and pumped hydro energy supply systems as examined across diverse climatic conditions in a developing country, not only enhances power generation but also improves the integration of renewable energy sources and boosts energy storage capacities, particularly beneficial for less economically prosperous regions. Additionally, the study provides valuable insights for advancing energy research in economically viable areas. Recommendations included conducting site-specific assessments, utilizing advanced modeling tools, implementing regular maintenance protocols, and enhancing communication among system components.
2. Agenda
• Emergence of Wearables
• Why wearables make sense for banking?
• How Wearable's are used today?
• Categorization of Potential Wearable banking Use Cases using the
framework
• Wearable banking concept - Demo
2
4. Source: The Deloitte Consumer Review. Beyond the hype: The true potential of mobile and Deloitte Media Consumer Survey 2013
4
Emergence of Wearables
• Engagement with digital technology is increasing
• Younger generations are more attracted towards digital technology
• Rising consumer expectations for digital experiences
• Digital Fashion Statement
6. Wearables will impact the way we live, work and socialize
6
Wearables would help
in communicating and
sharing details
irrespective of distance
Devices would point to
increasingly sophisticated
relationship people have
with their technologies
Wearables would
offer personalized
touch
Source: Report on Future of Wearable Tech, PSFK Labs, 2014
7. Power of Wearables over traditional digital channels
Some of the interesting attributes due to which wearables
will be preferred over traditional digital channels:
7
Hands-free devices
Availability of Biometric Information
Accessibility of Augmented Reality
More personalized
8. A significant opportunity for Banks/FIs
•Digital is becoming mainstream
•Online channel is well established
•Mobile channel is growing at a fast
pace
•Emergence of wearables
•Digital channels are being adopted at
a faster pace.
•Wearables have added value to
other industries.
•Future Customer Expectations
• Initial Demand will come from tech-savvy
individuals
•Expectations will rise with the
popularity of the new products that
are coming in the market
Drivers
&
Enablers
Implications for
Banks/FIs
• Need for innovation to create
inorganic brand value and buzz
in the market
• The need to build competency
by aligning systems & business
practices to capitalize
upcoming opportunities
• Avenues of new revenue
streams (which has potential to
become significant in future)
8
9. How wearables are used today?
9
Alerts & Notifications
Payments
Augmented reality
Control
Tracking human activity
Assistance for the disabled
10. Caixa Bank (Financial services company, Spain)
• Stocks and Equity Tracking via Smart Watch
Westpac (Financial services company, Australia)
• Created an app that lets consumers check their bank
balances on a Sony SmartWatch
U.S. Bank (Financial services company, US), Wells Fargo
(Financial services company, US) & ING Direct (Financial
services company, Australia)
• Developing apps for smart watch to check balances,
receive fraud alerts and perform other banking tasks
simply by tapping the face on their watches
10
Alerts & Notifications with Wearables
11. 11
Payments with Wearables
PrivatBank (Commercial Bank, Ukraine)
• Designed an app for Google Glass
• To pay bills by taking pictures of them, transfer funds
between accounts, pay for purchases by snapping
images of QR codes.
M.J.Bale (Tailor, Japan)
• Partnered with Heritage Bank and Visa to design suit
with a contactless payment chip and antenna fused
into the sleeve
• Ability to pay for anything effortlessly and without any
risk of losing wallet
12. 12
Payments with Wearables (contd.…)
Wallaby Financial, Inc. (Financial Services Company, US)
• Designed an app for Google Glass
• Lets consumers store all of their credit and debit cards
into one location and have the app advise them on which
card makes the most sense to use in any given time
• After installing the app, consumers simply say, “OK Glass,
Pay With Wallaby”, and the app will suggest the best card
to use.
• The app helps consumers maximize the rewards they get
from payment cards
Barclays Bank, UK
• Contactless payments Band with chip and micro aerial to
communicate with terminals
• User can attach Visa or MasterCard debit or credit card
with the band which in turn is linked with their online top
up prepaid account
13. 13
Augmented reality with Wearables
Caixa Bank (Financial services company, Spain) & Banco
Sabadell (Banking Group, Spain)
• Google Glass used to locate nearby ATM/branches
and get directions
• Supports 24/7 video conferencing
Virgin Atlantic (Airline, UK)
• Used Google Glass and Smart Watch to identify &
greet upper class passengers by name
• Staff will also be able to provide up-to-the-minute
information such as flight updates and destination
information using the smart glasses and watches
14. 14
Control with Wearables
Bango plc (Payments Platform, UK)
• Designed a Smart Belt which would be used to control
spending limits
• Tightening the belt - reduce spending limits
• Loosening the belt - increase spending capability
Fujitsu (Information technology equipment and services
company, Japan)
• Designed Gloves which would be used to take actions
using gestures
• NFC tag reader and gesture-based input for
maintenance and other on-site operations
15. 15
Tracking human activity with Wearables
Nike (Multinational Corporation in Athletic wear, US)
• Designed Fuelbands
• To monitor users' daily activity and tally the calories they burn
Sensoria (Garment Manufacturer, US)
• Designed Sensor-embedded socks
• Tracks traditional fitness data; identifies poor running styles and
helps prevent injuries
Ducere Technologies Pvt Ltd (Technology Company, India)
• Designed ‘Lechal’ - Smart footwear
• Guides towards the destination and tracks fitness
16. 16
Assistance for the disabled through Wearables
Orcam (Artificial Vision Company, Israel)
• Designed Smart Camera mounted on the frames of
eyeglasses
• Sees text, recognizes objects and whispers in the
wearer’s ear
Enable Talk (Student Project, Ukraine)
• Designed Sensor Gloves which would be used along
with mobile device
• To translate sign language to speech
17. 17
"Quick Wins" - Invest now
Bank balance (Smartwatch)
Track Equities (Smartwatch)
Fraud Alerts (Smartwatch)
Transaction Alerts
(Smartwatch)
Bill payments (Smartwatch)
"Probable future big hitters" - Keep a close
eye
Locate branch/ATM (Goggle
glass)
Contextual offers through
augmented reality (Goggle
glass)
"Low hanging fruits" –
Experiment & build capability
Notifications (Smartwatch)
Payment due date reminder
(Loan/Bill) (Smartwatch)
"Money Pits" – Ignore
Control actions using gesture-based
input or voice using
NFC tag reader (Smart Glove,
Ring)
For instance - Customer signs
by drawing letters in the air
with his finger.
Low Medium High
Low Medium High
Concept - Implementation Complexity
Concept - Business Attractiveness
Digital becoming Mainstream
- It took 13 years to get two million customers using Internet banking; it took just 2 months to reach that number for mobile banking - Barclay Bank
Mobile app development projects will outnumber PC development projects (4:1) in the next 3 years - TechCrunch, April 2013
Emergence of wearables
- Digital channels are being adopted at a faster pace. This gives a positive signal for the use of wearables in banks in future
- Wearables have added value to other industries. This increases their possibility to add value to banking industry
Future Customer Expectations
Initial Demand will come from tech-savvy individuals who are already using wearables for varied areas today like Fitness and Wellness & Infotainment
Expectations will rise with the popularity of the new products that are coming in the market
