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M-Pesa open API part of wider payments progress

Banking 2020

Open APIs are a key part of wider transformation in the banking industry and will become much more common as regulation forces banks to open up their systems. Effectively this will open up access across the industry to payment processing services and bank accounts held by customers. ” Progress?

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Digital banking's explosive growth compounds cyber risks, FBI warns

American Banker

Mobile banking use has swelled since the pandemic hit, and law enforcement officials expect hackers to target the credentials of digital novices. The FBI stressed the importance of two-factor authentication and ensuring consumers know how to spot fake apps that carry malware.