Banking 2020

DECEMBER 1, 2014

The unmistakable takeaway is that businesses spend more time on mobile devices engaged in transactions with their bank than consumers do. About 60% of the consumers logging in did it via an Apple device. Even the most diligent users would have had a hard time doing complex banking on those nifty little gadgets.

Mobile 58

Mobile Resources Apple Data 58

Banking 2020

OCTOBER 28, 2014

Of course, the betting now is that Apple Pay, which is only just hitting the market, will play exactly this role. However, the obstacles in the way of broad-scale adoption are still around, and the barrier to entry in this market is in some ways even higher than before.

Google 86

Google ATM Trends Study 86

Banking 2020

JUNE 23, 2015

That core premise of mobile banking could get a big boost from the emerging wearable tech market in the next few years as more consumers embrace the convenience of at-a-glance notifications and actions. Leading the way currently are devices like the new Apple Watch, Motorola’s Moto 360, Samsung’s Gear line and the Pebble Watch.

Apple 40

Apple Management Mobile Video 40

Banking 2020

JANUARY 28, 2016

The latest is Amazon, which is leaving the mPOS market after barely a year. When the market is this crowded, new systems need to have a unique selling point. Even the lack of profit should not have been an issue – no one expected Amazon to make any money from mPOS, merely build market share. Crowded space.

Industry 40

Industry Payments System Online 40

Banking 2020

JANUARY 15, 2015

The 2014 Federal Reserve report identified that, for the first time, more than 50% of smartphone owners are using mobile banking. Banks continued to invest heavily in this channel to differentiate last year. The big new feature in 2014 was Apple Pay, which had many banks scrambling to get onboard after the November launch.

Retail 40

Retail Millennials Trends Mobile 40

Banking 2020

FEBRUARY 26, 2015

Since the liability shift deadline is right around the corner, the issuer banks, third party processors, acquirer banks, as well as the retailers will need to start and/or complete the Chip Issuance and Acceptance in 2015. The non-compliant ones will face the risk of losing their market share.

Payments 40

Payments Bitcoin Mobile System 40

Banking 2020

AUGUST 17, 2015

As the famous Apple ads once said, no matter what you want to do with your smartphones, there’s an app for that. With demand for these services growing among consumers, having a fully-functioning mobile app is no longer a nice-to-have extra for banks, but an essential part of their offering.

Mobile 40

Mobile Apple Online Report 40

Banking 2020

OCTOBER 15, 2015

There are times when a new technology capability drives significant behavioral changes, and others where an app or service is rushed out to meet market demand. Apple Pay was supposed to set the market on fire, but it just didn’t happen.

Mobile 40

Mobile Payments Samsung Google 40

Banking 2020

AUGUST 27, 2015

As such, banks who are keen on implementing a card-less ATM solution will need to strengthen or review their enrollment process as attackers can register to mobile banking as a different user, providing them with the ability to steal cash (see a good example of how Apple Pay is exploited for fraud here ).

ATM 40

ATM User Experience Fraud UX 40

Banking 2020

OCTOBER 19, 2015

Nor is the genie going back in the bottle: New platforms will continue to be replaced by newer platforms, just as the number of apps—both the Apple and Android stores have over 1.5 If mobile banking came a shock, think what effect the Internet of Things might have. million already—will keep going up.

Video 40

Video Resources Apple Technology 40

Banking 2020

FEBRUARY 10, 2015

In our industry changes happen incrementally, with legitimate concerns that too much too soon with roil the markets and cause turmoil in every other line of business. In that sense Bitcoin is just another in a long line of outside forces threatening to undermine the foundations of the banking industry.

Bitcoin 40

Bitcoin New York Apple Operations 40

Banking 2020

NOVEMBER 30, 2015

These range from small startups to established large enterprises such as Facebook and Apple that are looking to diversify their offerings. In the past five years, the number of FinTech companies and non-traditional payment providers looking to enter the sector has boomed.

Fintech 40

Fintech Innovation Industry Meeting 40

American Banker

JUNE 9, 2020

Customers are turning to search engines and business portals to find out if their bank is open before checking the bank’s own website. Maintaining accurate information across the web has become even more important during the pandemic.

Google 61

Google Banking 2020 Apple Digital Banking 61

Banking 2020

DECEMBER 9, 2015

If banks are already knee-deep in the technology business—think of all the mobile apps they develop and market, the ongoing initiatives to enhance their presence within social channels, the efforts to innovate with the networks infrastructure—what comes next? Try hardware. In fact, try a particular hardware category: phablets.

Branding 40

Branding Samsung Technology Marketing 40

Banking 2020

NOVEMBER 12, 2015

The networks have clearly carved out a new business model for themselves, and the implementation of tokens will enable payment providers to enter adjacent markets, such as identity management and loyalty management, if they wish.”. “Tokenization will change the payments industry in interesting ways,” he says. Tokenization confusion.

Samsung 40

Samsung Google Cards Security 40

Banking 2020

JANUARY 20, 2016

Companies have taken note of this trend; Apple Pay’s mobile wallet solution requires fingerprint authentication to pay within apps and Samsung is looking at implementing biometrics on their devices in an effort to “promote the payment platform without worrying about scaling security concerns”. About the author.

Mobile 40

Mobile Millennials Bitcoin Security 40

Banking 2020

OCTOBER 8, 2015

But could that be good news for other banking institutions as well? Counting everyone from Microsoft and Apple to Alibaba as customers, Goldman has cornered the biggest slice of this critical pie. The banking equivalent changes almost exclusively through consolidation. At the same time, the learning can go both ways.

social media 40

social media Apple Industry Technology 40