The document discusses several recent developments in mobile banking and fintech. First National Bank of Pennsylvania upgraded to the latest version of Fiserv's mobile banking platform, adding a new card control module. OCBC Bank in Asia allows customers to send payments through Siri. Chip launched an automatic savings app for millennials. Bank of Scotland introduced selfie technology to speed up account openings.
In October 2014, when Apple debuted its iPhone 6 with an electronic wallet called Apple Pay, people immediately began to wonder whether it would overtake its competitors in the mobile payments business. The company has an impressive track record of releasing products and technologies that quickly disrupt and dominate markets. Nearly a year and well over 100 million iPhone 6 sales later, Apple Pay has emerged as the clear leader — but we’re still waiting for disruption. Smartphones have yet to displace cash or credit cards at the retail point of sale.
Countless mobile payment systems are active today — Apple Pay, Google Wallet, the Merchant Customer Exchange (MCX) CurrentC platform, and so on — but none has yet gained significant traction with merchants or consumers or become the standard for mobile transactions. And none of them look likely to seize that role for a while.
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
Visa master card contactless payment in china_v1Kelvin Tai
This presentation is to give the overview of VISA/MasterCard contactless payment technology in China and suggest the way how VISA/MasterCard to improve the contactless payment POS in China as strategy move against the barriers posed by Unionpay
In October 2014, when Apple debuted its iPhone 6 with an electronic wallet called Apple Pay, people immediately began to wonder whether it would overtake its competitors in the mobile payments business. The company has an impressive track record of releasing products and technologies that quickly disrupt and dominate markets. Nearly a year and well over 100 million iPhone 6 sales later, Apple Pay has emerged as the clear leader — but we’re still waiting for disruption. Smartphones have yet to displace cash or credit cards at the retail point of sale.
Countless mobile payment systems are active today — Apple Pay, Google Wallet, the Merchant Customer Exchange (MCX) CurrentC platform, and so on — but none has yet gained significant traction with merchants or consumers or become the standard for mobile transactions. And none of them look likely to seize that role for a while.
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
Visa master card contactless payment in china_v1Kelvin Tai
This presentation is to give the overview of VISA/MasterCard contactless payment technology in China and suggest the way how VISA/MasterCard to improve the contactless payment POS in China as strategy move against the barriers posed by Unionpay
A No-Confusion Guide to Build a Secure Mobile Wallet App in 2019Innofied Solution
Mobile payments apps have witnessed a major increase in demand lately. Wallet apps like Paytm, PayPal and others have revolutionized the online world. If you want to develop an e-wallet, watch this presentation now!
Balancing Fraud & Customer Experience in a Mobile WorldComrade
Consumers’ reliance on mobile continues to skyrocket in shopping, paying for bills, managing finances and socializing. This poses a great challenge for retailers, financial institutions and technology vendors. Digital account opening is fraught with pitfalls as the identity validation process relies on manual entry of personal information. Similarly account management uses knowledge-based authentication but can add friction to the user experience. How should retailers, banks and merchants integrate fraud protection measures into the user experience with the least amount of friction to the user?
I joined joined Al Pascual from Javelin Strategy & Research in a complimentary webinar to share lessons learned from working with leading companies that have struggled with the issue of fraud and customer experience.
We explored the following:
- Who are leaders in integrating fraud prevention into the user experience?
- Who owns the fraud prevention process in the organization?
- How to overcome legacy design issues that can underwhelm the customer experience and inhibit security measures?
- How to prevent fraud in a low-friction environment, while communicating a security-forward brand experience?
Presentasi iPaymu - Indonesia Payment Processorriyeke
iPaymu adalah payment processor yang sangat popular di Indonesia. Penggunaan dan integrasi ke website sangatlah mudah. Sangat user friendly dan membuat ecommerce Indonesia makin kuat.
For those who are asking where the banking industry is headed, how a GAFA Bank will look like, what banks can do to bridge the existing digital gap, and even leverage the disruption - here is a short summary.
Linqto and western independent bankers launch new apps store for banksslpr2012
Community Banks Brand and Distribute High Demand Apps to Consumers. New Revenue Model for App Vendors. Community Banks can now compete with Big Banks and Win.
We’ve asked customers and partners, spoken to industry experts and made our own conclusions and predictions to help financial organisations succeed in mobile
in 2015.
Who are the mobile innovators and disruptors of the financial industry? How will banks tackle mobile security threats in 2015? What will Apple Pay mean for the financial institutions? What’s the regulatory impact of new mobile technology such as wearables? How do financial institutions stay on top of mobile technology with an accelerated pace of innovation? How much longer will employees of financial firms be tied to a desktop? You'll find the answers in this presentation.
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.
Why do digital wallet apps startups fail – mistakes to avoidnimbleappgenie
We, at NimbleAppgenie, have Mobile app developers that are dedicated and professional in developing digital wallet apps. We are an extremely professional E-Wallet App Development company that provides digital wallet apps development services to innovative companies worldwide.
Mobile Money in Indonesia: Landscape and Developments, 2015Jeffrey BAHAR
History, development of mobile money in Indonesia with detail analysis on its functionalities, segments served, service providers. Presented in Mobile Wallet 2015 Workshop, August 2015
Banking & Innovation: How Financial Services Can Embrace the Customer RevolutionComrade
Financial services companies are increasingly seeing opportunities to be at the forefront of innovation. Historically, banks have been slow to translate consumer demands into technologies like paperless statements and mobile check imaging. However, they were quick to implement online banking and, today, customers who bank online are typically more satisfied as well as more cost-effective to maintain. Banks have also responded to the shift in consumer demand for mobile banking on tablets and smartphones. The next challenge facing financial services is how to address the rise of consumer trends evolving mainly outside of the industry. We’re pleased to have partnered with Matchi to publish “Banking & Innovation: How Financial Services Can Embrace the Customer Revolution." This paper focuses on three phenomena that will ultimately impact every bank:
- Crowdsourcing
- Wearable Technology
- The Sharing Economy
We explore the state of each these trends, and how they relate to financial services.
Increased competition from banks in mobile wallet segment to drive innovation...PayNXT360
Banks across the globe have only recently evolved to the shifting customer preferences to mobile and digital banking services. According to PayNXT360, 34% of consumers in the US and 42% consumers in Europe are already using mobile wallets such as PayPal, Android Pay, Masterpass, and Apple Pay.
Technology firms such as PayPal and Apple Pay in the US; Ant Financial Services and Alipay in China; Paytm and MobiKwik in India are disrupting payments industry and already have registered significant user base. As a result of this, banks are running into risk of losing customers to third party platforms. Instead of competing, banks and financial institutions are collaborating with fintech firms to provide efficient and cost effective services to customers.
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.
A No-Confusion Guide to Build a Secure Mobile Wallet App in 2019Innofied Solution
Mobile payments apps have witnessed a major increase in demand lately. Wallet apps like Paytm, PayPal and others have revolutionized the online world. If you want to develop an e-wallet, watch this presentation now!
Balancing Fraud & Customer Experience in a Mobile WorldComrade
Consumers’ reliance on mobile continues to skyrocket in shopping, paying for bills, managing finances and socializing. This poses a great challenge for retailers, financial institutions and technology vendors. Digital account opening is fraught with pitfalls as the identity validation process relies on manual entry of personal information. Similarly account management uses knowledge-based authentication but can add friction to the user experience. How should retailers, banks and merchants integrate fraud protection measures into the user experience with the least amount of friction to the user?
I joined joined Al Pascual from Javelin Strategy & Research in a complimentary webinar to share lessons learned from working with leading companies that have struggled with the issue of fraud and customer experience.
We explored the following:
- Who are leaders in integrating fraud prevention into the user experience?
- Who owns the fraud prevention process in the organization?
- How to overcome legacy design issues that can underwhelm the customer experience and inhibit security measures?
- How to prevent fraud in a low-friction environment, while communicating a security-forward brand experience?
Presentasi iPaymu - Indonesia Payment Processorriyeke
iPaymu adalah payment processor yang sangat popular di Indonesia. Penggunaan dan integrasi ke website sangatlah mudah. Sangat user friendly dan membuat ecommerce Indonesia makin kuat.
For those who are asking where the banking industry is headed, how a GAFA Bank will look like, what banks can do to bridge the existing digital gap, and even leverage the disruption - here is a short summary.
Linqto and western independent bankers launch new apps store for banksslpr2012
Community Banks Brand and Distribute High Demand Apps to Consumers. New Revenue Model for App Vendors. Community Banks can now compete with Big Banks and Win.
We’ve asked customers and partners, spoken to industry experts and made our own conclusions and predictions to help financial organisations succeed in mobile
in 2015.
Who are the mobile innovators and disruptors of the financial industry? How will banks tackle mobile security threats in 2015? What will Apple Pay mean for the financial institutions? What’s the regulatory impact of new mobile technology such as wearables? How do financial institutions stay on top of mobile technology with an accelerated pace of innovation? How much longer will employees of financial firms be tied to a desktop? You'll find the answers in this presentation.
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.
Why do digital wallet apps startups fail – mistakes to avoidnimbleappgenie
We, at NimbleAppgenie, have Mobile app developers that are dedicated and professional in developing digital wallet apps. We are an extremely professional E-Wallet App Development company that provides digital wallet apps development services to innovative companies worldwide.
Mobile Money in Indonesia: Landscape and Developments, 2015Jeffrey BAHAR
History, development of mobile money in Indonesia with detail analysis on its functionalities, segments served, service providers. Presented in Mobile Wallet 2015 Workshop, August 2015
Banking & Innovation: How Financial Services Can Embrace the Customer RevolutionComrade
Financial services companies are increasingly seeing opportunities to be at the forefront of innovation. Historically, banks have been slow to translate consumer demands into technologies like paperless statements and mobile check imaging. However, they were quick to implement online banking and, today, customers who bank online are typically more satisfied as well as more cost-effective to maintain. Banks have also responded to the shift in consumer demand for mobile banking on tablets and smartphones. The next challenge facing financial services is how to address the rise of consumer trends evolving mainly outside of the industry. We’re pleased to have partnered with Matchi to publish “Banking & Innovation: How Financial Services Can Embrace the Customer Revolution." This paper focuses on three phenomena that will ultimately impact every bank:
- Crowdsourcing
- Wearable Technology
- The Sharing Economy
We explore the state of each these trends, and how they relate to financial services.
Increased competition from banks in mobile wallet segment to drive innovation...PayNXT360
Banks across the globe have only recently evolved to the shifting customer preferences to mobile and digital banking services. According to PayNXT360, 34% of consumers in the US and 42% consumers in Europe are already using mobile wallets such as PayPal, Android Pay, Masterpass, and Apple Pay.
Technology firms such as PayPal and Apple Pay in the US; Ant Financial Services and Alipay in China; Paytm and MobiKwik in India are disrupting payments industry and already have registered significant user base. As a result of this, banks are running into risk of losing customers to third party platforms. Instead of competing, banks and financial institutions are collaborating with fintech firms to provide efficient and cost effective services to customers.
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.
Welcome to the next edition of our Snapshot Report.
The report will present this industry based on 3 discovered trends/ disruptions:
- PIN alternatives and what are the innovations within payment confirmations
- DIY finances and how financial service institutions are educating their customers on personal finance management and beyond
- Quick access to personal banking via various different mediums
Operating with personal funds and savings on a daily basis is becoming easy, customer-friendly and convenient.
Έφη Πρεσβεία, Επικεφαλής Επιχειρηματικής Μονάδας Ηλεκτρονικού Επιχειρείν, Eur...Starttech Ventures
Oμιλία από την Έφη Πρεσβεία, Επικεφαλής Επιχειρηματικής Μονάδας Ηλεκτρονικού Επιχειρείν, Eurobank στο πλαίσιο του Digital Finance Forum 2016
Περισσότερες πληροφορίες: http://digitalfinance.ethosevents.eu/
Mobile Banking Trends That Your Application Must Have In 2023.docxCMARIX TechnoLabs
Here are some mobile banking technologies that will ensure your data is safe online. Contact us today and create a mobile banking app that caters to your users.
Future of Payments for Debit, Mobile Payments, Prepaid & ATM Execspaythink2015
A quick review of the key payments executives covering the developments of prepaid innovation, tokenization, digital payments, critical regulatory developments and ATM performance.
How Much Does It Cost to Build a Mobile Banking App Like Wise.pdfayushiqss
Once, you had been sent abroad without money, looking desperately for the bank that accepted your card, which didn’t charge you a small fee, right? What if you’re self-employed and you deal with invoices in different currencies? One way or another, the conversation suddenly transforms into a lesson on foreign exchange rates and risk management. In the days when globalization set its footsteps, traditional banking would thus feel clumsy and odd. This is where Wise (formerly TransferWise) jumps the line and introduces the app, where mobile banking can be super easy and convenient.
One might be interested to know how many resources it actually takes to create a challenger app like Wise. Thus, the answer is quite dependent on the situation. Yet, before we do that, it would be good if we first glance at the mobile banking world.
According to a study by App Annie, mobile banking app usage has skyrocketed in recent years. In 2023, everyone unexpectedly invested over 600 billion hours worldwide, predominantly keeping an eye on their financial applications. This is an impressive figure, as you could say that now mobile banking services keep our money in their house.
Mobile Banking App Development A Complete Guide.pdfSuccessiveDigital
This is an article about mobile banking app development. It discusses the benefits and challenges of mobile banking apps. It also details the steps involved in developing a mobile banking app. Some of the important points from this website are that mobile banking apps offer convenience and security for users. They can also help banks save money. However, there are also challenges to developing mobile banking apps, such as data security and regulatory compliance.
BaaS-platforms and open APIs in fintech l bank-as-a-service.comVladislav Solodkiy
What is bank-as-a-service? And why it is so necessary for Asia-Pacific region? Download as pdf in English, Chinese, Korean and Japanese on www.bank-as-a-service.com. Read more on http://www.forbes.com/sites/vladislavsolodkiy/2016/08/03/what-asian-banks-can-learn-from-amazon-about-working-for-fintech/
More and more customers are seeing mobile as their banking channel of choice, proven by a growing body of papers. To cite some, Cimigo revealed that for every 10 respondents who are Vietnamese consumers, 3 are using some forms of e-payments including mobile banking application and e-Wallet. Or Backbase predicted that mobile transactions in Vietnam will increase by 300% between 2021 and 2025, driven by mobile payments. As banks build more creative features and integrate with third-party financial products, mobile banking application is no longer a tool for remote money transaction; it has become a financial lifestyle platform that offers a single hub for all banking services. In this article, we get to explore various innovative features that a bank might consider for its mobile banking application, with the goal to keep up with the Digital Banking upsurge.
Opportunities for disruption in Financial Services (with a mobile focus)Nadya.Powell
A talk given at the IPA on opportunities for disruption in Financial Services with a focus on mobile. Three strategies to employ, case studies and three golden rules. Thanks to Zoe Decool for research help.
Top 3 american banks using artificial intelligence venkat k - mediumusmsystem
The tech companies want to get the limelight on the cutting-edge of technology, AI in banking and other aspects of the financial sector is telling the sign of enthusiasm and appropriation among the banking authorities.
Similar to Fintech and m-banking newsletter - October 2016 by Mobter (20)
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the what'sapp number.
+12349014282
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the what's app number of my personal pi vendor to trade with.
+12349014282
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the what'sapp contact of my personal pi merchant to trade with.
+12349014282
3. „First National Bank of Pennsylvania, the largest
subsidiary of FNB Corp., has upgraded to the latest
version of Fiserv Mobiliti Advantage mobile banking
and payments platform from Fiserv Inc., adding a new
module that enables mobile card control capability.
The bank is the first Mobiliti client to integrate the
card control module into its mobile app, a Fiserv
press release said.
The new feature allows users to control access to
their debit card in real time and receive alerts related
to card use via their mobile banking app.”
Read more:
FNB os Pennsylvania Adds Card Control Module for
Mobile Banking App
Picture: https://www.fnb-online.com
http://www.banknews.com/blog/fnb-of-pennsylvania-adds-card-control-module-for-mobile-
banking-app/
4. „OCBC has become the first bank in Asia Pacific to let
customers send cash through Siri. They tell Apple’s
virtual assistant whom to send the payment to and how
much, then use the OCBC Pay Anyone mobile e-
payment service. The FI has also made this service
available via iMessage.”
Read more:
OCBC Bank adds Siri and iMessage to payment mix
Picture: https://www.ocbc.com/personal-banking/online-banking/payanyone.html
https://ibsintelligence.com/ibs-journal/ibs-news/ocbc-bank-adds-siri-and-imessage-into-payments-
mix/
5. „Introducing Chip . The new Level39 member company,
which provides a savings app designed to encourage
and empower millennials to save their money.
They made their official launch today. It’s a bit like if
your online bank account met Facebook Messenger – a
painless – and fun way of managing your finances and
saving a few pounds every day.”
Read more:
Chip launches automatic savings app for millennials
Picture: https://itunes.apple.com/lv/app/chip-saving-made-easy./id1141297472?mt=8
http://www.level39.co/news/chip-launches-automatic-savings-app-gen-y
6. „Bank of Scotland customers can now enjoy faster
account opening times.
As part of the investment in digital technology to
improve the customer experience, Lloyds Banking
Group has just launched selfie technology to
enable Bank of Scotland customers to open a
current account seamlessly online.”
Read more:
New selfie technology launched by Lloyds Banking Group
Picture: http://www.thecerbatgem.com/2016/10/27/lloyds-banking-group-plcs-lloy-buy-rating-reiterated-at-be
aufort-securities.html
http://www.lloydsbankinggroup.com/Media/Press-Releases/2016-press-releases/lloyds-
banking-group/new-selfie-technology/
7. „SHB and Vayana have been working together last few
years to digitize Retail Banking Channels. Saudi Hollandi
Bank (SHB), founded in 1926 the first bank in KSA, has
deployed Wearable Banking Solution developed by
Vayana for Apple Watch, to further enhance the
customer experience for its retail banking customers.
This will see the bank introduce more innovative ways
to engage with its retail customers in KSA.”
Read more:
SHB has implemented the Wearable Banking Solution
Picture: http://vayana.in/solutionnet/news/oct2016.php
http://www.indiainfoline.com/article/news-international/shb-has-re-imagined-banking-on-the-move-
with-wearable-banking-solution-developed-by-vayana-116100500398_1.html
8. „Orange added a feature to its mobile wallet that
enables French teenagers to make purchases on
their phones, but with parents keeping control
over the budget.
The offer, called Orange Cash Jeune, is aimed at
teens up to 18 years of age.”
Read more:
Orange targets teen market
Picture: http://www.mobileworldlive.com/money/news-money/orange-targets-teen-market/
http://www.mobileworldlive.com/money/news-money/orange-targets-teen-market/
9. „New opt-in technology helps reduce card
declines, adds more security for Visa
cardmembers. When you’re on vacation, the
last thing you want to worry about is having
your credit card declined because your
purchases are not in-sync with your normal
buying patterns”
Read more:
US Bank Adds Geolocation Feature to select Credit Card
Products
Picture: http://travelwithgrant.boardingarea.com/2016/10/05/us-bank-flexperks-go-mobile-app-review-geolocation-travel-
alerts-virtual-wallet-features/
http://www.businesswire.com/news/home/20161004005609/en/U.S.-Bank-Adds-
Geolocation-Feature-Select-Credit
10. „ING is re-entering the UK retail banking
market with a free mobile app to help people
keep track of their finances across multiple
banks.
The Dutch bank quit the UK high street four
years ago, but is now re-surfacing under a
new guise through Yolt, which will mine
customer account data across different bank
accounts and provide tips on budgeting and
savings.”
Read more:
ING takes fintech startup route to UK relaunch
Picture: https://www.ing.com/Newsroom/All-news/We-are-Yolt-by-ING.htm
https://www.finextra.com/newsarticle/29615/ing-takes-fintech-startup-route-to-
uk-relaunch/mobile
11. „So much of the focus in bank technology is on
making life easier for everyday customers, but
a handful of banks and fintechs are trying to
simplify banking for everyone.
Recently some banks have introduced
products or mobile features intended to help
customers who are otherwise being passed
over by technology because of disabilities,
language barriers or other factors.”
Read more:
How Tech Can Make Banking More Inclusive
http://www.americanbanker.com/news/bank-technology/how-tech-can-make-banking-
more-inclusive-1092081-1.html
12. „Bank of America has announced the launch of
its chatbot, Erica, at Money 20/20 on Monday in
Las Vegas, Reuters and CNBC report.
The project was first announced in April and will
be available to customers in late 2017.
Erica will operate via both audio and text, and
will be hosted on Bank of America's own mobile
app. It will analyze customers' personal financial
data to generate recommendations for how to
best handle their finances.”
Read more:
Bank of America has announced launch of its AI chatbot
Erica
http://www.businessinsider.com/bank-of-america-has-launched-its-ai-chatbot-erica-
2016-10?IR=T
Picture: http://www.businessinsider.com/bank-of-america-has-launched-its-ai-chatbot-erica-2016-10?IR=T
14. „Visa, Inc., has announced a preview of Visa B2B Connect, a
new platform that Visa is developing to give financial
institutions a simple, fast and secure way to process
business-to-business payments globally.
Visa is working with Chain to build Visa B2B Connect using
Chain Core, an enterprise blockchain infrastructure that
facilitates financial transactions on scalable, private
blockchain networks. Building on this technology, Visa is
developing a new near real-time transaction system
designed for the exchange of high-value international
payments between participating banks on behalf of their
corporate clients. Managed by Visa end-to-end, Visa B2B
Connect will facilitate a consistent process to manage
settlement through Visa’s standard practices.”
Read more:
Visa Introduces International B2B Payment Solution
Built on Chain’s Blockchain Technology
http://www.banknews.com/blog/visa-introduces-international-b2b-payment-solution-built-on-
chains-blockchain-technology/
Picture: http://mms.businesswire.com/media/20161021005212/en/551015/5/VB2BC_graphic-01_highre
s.jpg?download=1
15. „PayPal is deepening its relationship with Facebook, and
will now become one of the payment options within
Messenger, among other integrations. That means
customers who shop via the growing number of
chatbots from online merchants will be able to transact
on Messenger using PayPal’s payment service. In
addition, as part of this deal, PayPal says it will make it
easier to link your PayPal account to Facebook and
Messenger, and it will roll out support for receiving
notifications about PayPal transactions to Messenger
users in the U.S.”
Read more:
Facebook Messenger now supports PayPal payments in
bots, will track your PayPal receipts
https://techcrunch.com/2016/10/24/facebook-messenger-now-supports-paypal-payments-in-
bots-will-track-your-paypal-receipts/
Picture:
16. „MasterCard is launching its Identity Check Mobile
technology in 12 European countries, enabling online
shoppers to authenticate themselves through facial
recognition and fingerprints.
The new technology means that cardholders can ditch
passwords in favour of biometrics. When checking out
at a retailer's site or mobile app, shoppers receive a
pop-up on their handset, through which they can
authorise the payment via finger scan or selfie
recognition.”
Read more:
MasterCard rolls out selfie payments
https://www.finextra.com/newsarticle/29536/mastercard-rolls-out-selfie-payments-across-
europe/mobile
Picture: http://www.oot.it/uploads/news/6a5a54d8369896a9c341f9a71146c9334388b5d6.jpg
17. „US Facebook Messenger users will soon be able to
make payments to bots within the app through their
PayPal accounts.
Over the last few months, Facebook has moved to
develop Messenger beyond messaging, opening up to
tens of thousands of bots and enabling them to sell
products and services directly to customers within the
app.”
Read more:
Facebook Messenger adds PayPal support for bot
payments
https://www.finextra.com/newsarticle/29653/facebook-messenger-adds-paypal-support-for-
bot-payments/mobile
Picture: http://www.pulsenight.com/wp-content/uploads/2016/10/3-1.jpeg
18. „27 Spanish banks have teamed up to launch a
new mobile payment platform called Bizum
which, according to Spanish press reports, is
now live.
Bizum, an digital initiative of the Spanish banks
led by the Bank of Spain and the
Government aims to address the new needs of
customers and has the support of the banking
associations AEB ECSC and UNACC.”
Read more:
Spanish bank launch mobile payments initiative Bizum
http://www.paymentscardsandmobile.com/spanish-banks-launch-mobile-payments-
initiative-bizum/
Picture: http://bizum.es
19. „A consortium of US banks, including Wells
Fargo, JPMorgan Chase and Bank of America, are
rolling out a new P2P money transfer app to take
on Venmo and other mobile payment upstarts.
The app, named Zelle, will offer the same kind of
instant, P2P money transfers users of Venmo have
been making for years – and that banks have been
eager to offer as they try to stay relevant to
younger customers.”
Read more:
US banks roll out Zelle P2P money tranfer app to
take on Venmo
http://www.paymentscardsandmobile.com/us-banks-roll-zelle-p2p-transfer-app-take-
venmo/
Picture: http://www.paymentscardsandmobile.com/us-banks-roll-zelle-p2p-transfer-app-take-venmo/#pre
ttyPhoto/1/
20. „YES BANK partners with Lastmile.mobi, uses Qualcomm
Snapdragon processors to launch IRIS and EMV ready
payment solution. YES BANK, India’s 5th largest private sector
Bank has partnered with Lastmile.mobi to introduce the IRIS
EMV PoS (Point-of-Sale terminal) solution which integrates
Card & UPI payments, Aadhaar E-KYC and Aadhaar E-signing
on a ready to use basis.
This is one of the first solutions in India to implement the India
Stack in its true sense in line with the Digital India initiatives of
the Government of India. The launch comes close on the heels
of RBI Circular issued on September 29, 2016 advising Banks
on using Aadhaar-based Biometric authentication for Card
Present transactions.”
Read more:
Yes Bank has launched IRIS&EMV ready pament solution
https://www.yesbank.in/media/press-releases/fy-2016-17/yes-bank-partners-lastmile-and-qualcomm
Picture: https://www.yesbank.in/media/press-releases/fy-2016-17/yes-bank-partners-lastmile-and-qualco
mm
21. „Sberbank joint venture company Yandex.Money is
to offer mobile money transfers and support group
chats for crowdfunding via Apple's iMessage. In
order to send money to someone, a user opens
iMessage, chooses a person from their contacts,
selects the Yandex.Money app, and specifies the
amount to be transferred. The sender receives a
message to confirm receipt and enters their
password to complete the transfer.”
Read more:
Yandex.Money joins mobile messaging revolution
https://www.finextra.com/newsarticle/29551/yandexmoney-joins-mobile-messaging-
revolution/mobile
Picture: https://www.finextra.com/newsarticle/29551/yandexmoney-joins-mobile-messaging-revolution/
mobile
22. „Mastercard to launch artificial intelligence bots for
banks and merchants. Mastercard has unveiled
plans to launch artificial intelligence (AI) bots for its
merchant and bank partners, allowing consumers
to use chat, messaging and natural language
interfaces to shop and manage their finances.”
Read more:
Mastercard to launch artificial interlligence bots for
banks and merchants
http://www.nfcworld.com/2016/10/25/348016/mastercard-launch-artificial-intelligence-
bots-banks-merchants/
Picture: http://www.nfcworld.com/2016/10/25/348016/mastercard-launch-artificial-intelligence-bots-banks-merc
hants/
23. „Starling Bank, the UK’s leading next-
generation bank, has completed its first
card payment having partnered with
global payments and technology company,
Mastercard, and card processor, GPS.
This new partnership enables Starling’s
contactless debit card to accompany its
mobile-online current account.”
Read more:
Starling Bank partners with Mastercard and GPS to
launch next-generation of debit card
https://thefintechtimes.com/starling-bank-partners-mastercard-gps-launch-
next-generation-debit-card/
Picture: https://www.starlingbank.com/starling-debit-card/
24. „Visa and Intel are to work together to integrate
payments security technology into Intel chipsets,
enabling device manufacturers to build functionality
into their products to create “a more secure payment
process for the internet of things (IoT)”. Intel is
licensing Visa’s encryption technology so data security
can be built in at the hardware-layer of chipsets,
ensuring payment data originating from devices such
as computers, mobiles and IoT devices will be
encrypted.”
Read more:
Intel to put Visa payments technology into connected
devices
http://www.nfcworld.com/2016/10/24/347964/intel-put-visa-payments-technology-connected-
devices/
Picture: http://www.nfcworld.com/2016/10/24/347964/intel-put-visa-payments-technology-connected-de
vices/
25. „Citigroup plans to soon launch its own NFC-based
mobile payments service, Citi Pay, in the U.S. And Asia,
in part using technology from Mastercard. The service
will use host card emulation to enable customers in the
U.S. And at least two Asian countries to load Citi cards
onth their Android phones ant tap and pay for in-store
purchase, sources told NFC Times. It will build on the
HCE-enabled Banamex wallet launched by Citi’s
Banamex subsidiary in Mexico with Mastercard in
February.”
Read more:
Citigroup to Launch “Citi Pay” Mobile Payments Service
with Help from Mastercard
http://nfctimes.com/news/citigroup-launch-citi-pay-mobile-payments-service-help-mastercard
Picture:
27. „New research from leading Fintech
analyst, Juniper Research, finds that over 2
billion mobile users will have used their
devices for banking purposes by the end of
2021, compared to 1.2 billion this year
globally. Growth in mobile banking is being
driven by consumer adoption of banking
apps the changing way consumers manage
their finances.”
Read more:
Mobile Banking Users to Reach 2 Billion by 2020
http://www.banknews.com/blog/mobile-banking-users-to-reach-2-billion-by-
2020/
Picture: http://www.barclays.co.uk/Mobilebankingservices/P1242569951654
28. „By 2030, technology will have made banks
and banking invisible to customers, hidden by
Siri-like personal assistants that cull data from
our connected lives to fulfil daily personal and
financial obligations, claims KPMG.
This revolution will see large parts of
traditional banks - customer service call
centres, branches and sales teams -
disappear, predicts the professional services
giant in a report.”
Read more:
The bank of the future will be invisible - KPMG
https://www.finextra.com/newsarticle/29608/the-bank-of-the-future-will-be-
invisible---kpmg/mobile
Picture: https://home.kpmg.com/uk/en/home/media/press-releases/2016/10/kpmg-introduces-eva-the-b
ank-of-the-future.html
29. „Julia Krauwer, artificial intelligence expert at ABN Amro,
discusses how advances in machine learning are
increasingly being applied to an array of business-to-
consumer interactions, including banking.
Like many people who were young in 1997, I had a
Tamagotchi and it meant the world to me. Whenever it
was hungry, I hurried to feed my digital pet. If it beeped
about being lonely, I'd go give it attention. My parents
thought it was a little silly to be that devoted to a toy,
but in this day and age it's almost impossible to imagine
life without interaction between man and machine. It’s a
trend that’s here to stay.”
Read more:
Banking in the age of AI
https://www.finextra.com/newsarticle/29567/banking-in-the-age-of-ai/mobile
Picture: https://www.finextra.com/newsarticle/29567/banking-in-the-age-of-ai/mobile
30. „Millennials continue to be the focus of a lot of scrutiny
when it comes to the intersection of culture and
technology. Millennials are the largest living generation,
having outnumbered the Baby Boomers for more than
a year. Most Millennials remember life before the
internet, and have were the earliest adopters of many
trailblazing technologies that went on to ubiquity. It is
for this reason that we look to the Millennials when
determining the success of new technologies. If the
Millennials don’t like it, it’s not a hit.”
Read more:
Millennials and Mobile Banking – The Changing Times
http://www.huffingtonpost.com/allan-smith/millennials-and-mobile-ba_b_12449510.html
Picture: https://www.apptentive.com/blog/2015/05/18/marketing-to-millennials/
31. „This time we have a genuine Uber moment in
fintech. Standard Chartered and Uber are
partnering to offer the bank’s credit
cardholders cashbacks on Uber rides.
This is the “first ever multi-market partnership”
for both of them. The deal is for six markets –
Singapore, Indonesia, Malaysia, Vietnam, India
and the United Arab Emirates – and offers up
to 25% cashback for all global Uber rides.”
Read more:
Standard Chartered customers taken for an Uber ride
http://www.bankingtech.com/601361/standard-chartered-customers-taken-for-an-
uber-ride/
Picture: http://www.bankingtech.com/601361/standard-chartered-customers-taken-for-an-uber-ride/