Banking 2020

MAY 27, 2015

Small-business owners can leverage on-the-go banking or cloud-based accounting systems that can be accessed on a mobile device to gain operational efficiencies and lower overhead costs, but the need to keep financial information secure is as critical as ever. Don’t assume that your mobile browser is secure.

Mobile 40

Mobile Security Software System 40

Banking 2020

JANUARY 21, 2016

And it’s one that goes to the heart of the debate among bank bosses about whether to participate in third party payment apps using an Application Programming Interface (API) or build their own standalone versions. It’s worth pointing out that banks won’t have much say over third-party access to accounts with the arrival of PSD2.

Mobile 40

Mobile Payments Security Innovation 40

Banking 2020

FEBRUARY 26, 2015

2014 marked the year we became all too familiar with terms such as data breaches, data protection and payment solutions, thanks to high-profile security breaches to Target, Staples, Kmart, and The Home Depot, to name a few. The non-compliant ones will face the risk of losing their market share.

Payments 40

Payments Bitcoin Mobile System 40

Banking 2020

NOVEMBER 9, 2015

The ease with which these diverse business applications move data into ledgers securely and swiftly is enabled in part by the APIs at the center. Compliance is a major factor too: There’s a welter of regulatory mandates to ensure data security, and opening up the vaults seems to invite problems and subsequent litigation.

Industry 40

Industry Compliance Data Software 40

Banking 2020

JULY 8, 2015

Most millennials think 401(k) when they think retirement, but with 401(k) plans becoming less fruitful, pensions dwindling and social security become less “secure,” they are looking to other options. The goal of an annuity is to retire with steady, secure income. So what is most popular with this generation?

Millennials 40

Millennials Survey Leadership Security 40

Banking 2020

DECEMBER 17, 2015

When we talk about payments it’s easy to focus on convenience, security and acceptance. Security is another factor. Again, it’s interesting that cash remains so popular given the security risks of theft and loss. Considering US shoppers will spend an average of $805.65

Cards 40

Cards Mobile Security Survey 40

Banking 2020

NOVEMBER 10, 2015

The need for security. Banks will also need to invest in the most advanced security systems possible for their mobile offerings in order to ensure users have confidence in the solutions. We can see biometric authentication exploding as mobile banking takes off.

Mobile 40

Mobile social media Security Report 40

Banking 2020

DECEMBER 16, 2014

While bankers are a little less mystified by the service, brave FIs are adopting and moving forward to become one of the first to market. Are you adding any additional security or authentication on top of provisions within the Apple Pay service? We believe the security measures implemented by Apple and Visa are sufficient.

Apple 84

Apple America Training Cards 84

Banking 2020

NOVEMBER 11, 2015

million online conversations in 61 markets, uncovered some key trends. We could add a fourth to our list – security of payments. Consumers want payments to be easy, but they want their data to be secure. While convenience, rewards and acceptance all matter a great deal for approaching payments, security remains essential.

Payments 40

Payments social media ATM Innovation 40

Banking 2020

APRIL 23, 2015

Yet, banks face numerous technology challenges, such as maintaining regulatory compliance, ensuring business continuity while moving data over long distances for backup and replication, and avoiding network security risks. Banks must keep branch office employees productive, so they can provide the best services to their customers.

Online 40

Online Compliance Data Operations 40

Banking 2020

OCTOBER 9, 2015

These incidents resulted in tens of millions of customers’ records ending up on online black markets, giving would-be fraudsters ample material to commit CNP fraud. No system is 100 per cent secure, so card details will always be compromised. How can CNP fraud be prevented? The last of these – fraud detection – is key.

Fraud 40

Fraud Cards Security System 40

Banking 2020

OCTOBER 28, 2014

True to form, mobile banking solutions continue to spike in popularity—the billions devoted to development and distribution, not to mention security, seem to be paying off. Oddly, searches for bank branches and ATMs haven’t receded. The innovative conglomerate is certainly up to the challenge, and has done it many times before.

Google 86

Google ATM Trends Study 86

Banking 2020

DECEMBER 8, 2015

In particular it seems that online purchases are a big target for fraudsters as the country’s e-commerce market booms. It seems that with these losses being felt directly in their pockets, Mexican consumers are already switching banks in the hope of better security. Fraud rises. Tailored solutions.

Fraud 40

Fraud Cards Online Strategy 40

Banking 2020

OCTOBER 15, 2015

The security levels are quite high as well. Android Pay brings them back in the fold, while maintaining a high level of security—a custom PIN, pattern, or password lock is required to use the service. Apple Pay was supposed to set the market on fire, but it just didn’t happen. Just tap, pay and benefit.

Mobile 40

Mobile Payments Samsung Google 40

Banking 2020

FEBRUARY 2, 2016

Regardless of how and why they hit the market, some technology-driven innovations seem to lend themselves to particular vertical markets and/or disciplines. Revolutionizing every aspect of sales and marketing in the process? There are lessons to be learned from experiences in retail. Wearable technologies? Social channels?

Retail 40

Retail Strategy Boston Industry 40

Banking 2020

DECEMBER 3, 2015

Non-bank payment providers are typically governed by consumer protection rules that are less stringent than banks’ financial regulations, so are often able to bring innovative offerings to market faster and more easily. The most common solutions. The industry’s response.

Payments 40

Payments Bitcoin Regulation Mobile 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

NOVEMBER 24, 2014

For now, the biggest news regarding HFT is that there probably won’t be real news for a while—it’s being reported that for now, at least, the Securities and Exchange Commission (SEC) won’t institute a new set of regulations to curb alleged violations in this contentious arena. Again, just like those old-time baseball scouts in Moneyball.)

Oakland 70

Oakland Analytics Regulation Examples 70

Banking 2020

AUGUST 27, 2015

Thus if banks are truly interested in using mobile phones as a primary form of authentication for ATMs, they will need to sell their customers on a better, more secure user experience. Security and mitigating losses from skimming ultimately will be what banks care about most.

ATM 40

ATM User Experience Fraud UX 40

Banking 2020

NOVEMBER 17, 2015

As has been the case in every market that has migrated to chip-and-PIN, fraudsters have sought the easiest method for perpetrating card fraud. Moreover, EMV allows for secure contactless payments, which are exploding in popularity around the globe. Merchants may be slow.

US 40

US Atlanta Fraud Cards 40

Banking 2020

JANUARY 15, 2015

The sheer amount of advertising around security features will begin to drive consumers away from plastic and toward mobile-only payments. We saw our account information jeopardized due to organized crime outfits while banks scrambled to maintain customer confidence. Omni Channel banking. Payment disruption and innovation.

Retail 40

Retail Trends Millennials Mobile 40

Banking 2020

DECEMBER 3, 2015

Baidu, for example, while known primarily as a search engine, is also able to use the huge amounts of data it collects to forecast stock markets. In 2014, it launched the Baidu Baifa 100 Index fund with the China Securities Index Company. “This platform approach is key and a unique difference in China,” InnoTribe stated.

Innovation 40

Innovation Payments Lending Financial Technology 40

Banking 2020

FEBRUARY 25, 2015

But while staying on this never-ending pursuit of an elusive market, is there another that deserves more attention? According to studies from the Pew Research Center last summer, nearly 60% of the 65-plus market are online, and 71% go online every day. Specifically, should we be doing more to please our older customers?

Online 40

Online Millennials Video Technology 40

Banking 2020

JANUARY 29, 2016

. “This initiative is part of the innovation strategy of BNP Paribas, the bank for a changing world. Our vocation as a banker is to introduce our customers and prospects to state-of-the-art banking innovations while ensuring the security of their transaction.”

Payments 40

Payments social media Innovation Strategies ATM 40

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. That’s still a tiny market compared to the ubiquity of smartphones. The overall wearables category is still in its infancy.

Apple 40

Apple Management Mobile Video 40

Banking 2020

AUGUST 13, 2015

The report notes that adoption rates for mobile banking are highest in what are loosely described as ‘developing’ countries. For example, they reach 50%-60% in vast markets such as China and India. First, innovation must be matched with adequate security. However, there are serious concerns here that need to be addressed.

Mobile 40

Mobile Study Florida Innovation 40

Banking 2020

APRIL 28, 2015

Across the globe, adoption of mobility is surpassing the Internet and all other channels in banking. At this juncture, customer experience is primarily decided by speed, anytime-anywhere-any device banking, security and simple intuitive clicks.

Customer Experience 40

Customer Experience Digital Banking social media Millennials 40

Banking 2020

NOVEMBER 24, 2014

For now, the biggest news regarding HFT is that there probably won’t be real news for a while—it’s being reported that for now, at least, the Securities and Exchange Commission (SEC) won’t institute a new set of regulations to curb alleged violations in this contentious arena. Again, just like those old-time baseball scouts in Moneyball.)

Oakland 42

Oakland Analytics Regulation Examples 42

Banking 2020

SEPTEMBER 7, 2015

Several banks resisted the effort—citing concerns over confidentiality and the expenses involved—and at least one apparently changed its status as a community bank. There are plenty of mandates already in place to govern banking operations, and pushing companies to do good can have the opposite effect.

New York City 40

New York City New York Community Industry 40

Banking 2020

NOVEMBER 27, 2015

As much as it seems customers are increasingly fickle, the Accenture survey actually suggests that banks have a strong foundation of customer trust. That’s a major advantage in this market. That’s far, far above mobile phone network providers, online retailers, consumer technology companies, and even social media providers.

Millennials 40

Millennials Survey social media Online 40

Javelin Strategy & Research

FEBRUARY 1, 2022

In the course of our ongoing market research, we find certain firms rise to the top — Javelin's scorecard reports and awards recognize these firms for their exceptional quality of product or client experience, ability to meet customer demand, or overall excellence. Bank of America ranked as “Best in Class” over 20 top U.S.

Report 40

Report Digital Banking Fraud Mobile 40

Banking 2020

JUNE 17, 2015

*Excerpt is from Arxan’s annual State of Application Security report. Android dominated the Mobile Device Market with 85% market share as of Q2 20144 , and Google Play worldwide quarterly downloads were about 60% higher than iOS App Store downloads in Q3 20145.

Mobile 40

Mobile Security Google Examples 40

Banking 2020

JANUARY 20, 2016

Consumers have grown accustomed to a faster, more secure world and expect payment solutions to follow suit. Because of the need for fast, secure transactions over inherently personal and often insecure devices, there is growing interest in biometric verification payment systems. The bottom line for banks and businesses.

Mobile 40

Mobile Millennials Bitcoin Security 40

Banking 2020

JANUARY 26, 2016

The challenge here is do something secure enough to handle sensitive data like payments, bank details, social security numbers, etc. So the task is falling to banks, who are increasingly realizing that they are the trusted custodians of essential personal data. Schemes like these are conceptually nothing new.

social media 40

social media Online Data Security 40

Banking 2020

DECEMBER 23, 2014

We offer financial services to corporate and institutional customers through Westpac Institutional Bank including finance, capital raising, financial markets, transaction and international trade services.

Mobile 47

Mobile Technology US Payments 47

Banking 2020

NOVEMBER 12, 2015

“Working with MasterCard’s Express platform will give us a highly scalable way to enable issuing banks to participate in Android Pay, while at the same time, launch a service that has broad consumer access,” said Ariel Bardin, Google’s vice president of payments. What is tokenization? Tokenization confusion.

Samsung 40

Samsung Google Cards Security 40

Banking 2020

NOVEMBER 17, 2015

So yes, the IoT will inevitably introduce a raft of new channels for all kinds of banking, each with its own streams of apps and other tools. Next, security will become even more of a nightmare than it is now. Gartner puts the number of IoT-related devices at somewhere around 26 billion in 2020.

Resources 40

Resources Industry Mobile Big Data 40