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Beating the mobile banking conundrum with secure transactions and an easy customer experience

Payments Dive

Across the globe, financial institutions are under mounting pressure to meet high consumer expectations, capture and retain market share, and secure mobile transactions – all at the same time. Some are lagging, while others are upgrading technologies and investing in innovation and testing departments. So, how did we get here?

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Commercial Banks Turning to Fintechs to Improve Customer Experience, Report Says

Bank Innovation

commercial banks are increasingly looking to fintechs to improve customer experience. commercial banks are considering new fintech partnerships for improving either customer experience or security, and in some cases -- both. In fact, a new Fraedom report shows that 73% of U.S.

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Deep Dive: How FIs Can Keep Their Digital-First Innovations Secure

PYMNTS

Banks’ use of such innovations is predicted to expand, too, with 60 percent of FIs saying they aim to gain customers and improve customer experiences using digital channels. Lackluster customer onboarding authentication is one of the weakest points in most banks’ anti-fraud security systems.

Security 213
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FIs Hiring Customer Experience Teams, But What Are They?

Bank Innovation

Demand for a combination of speed, simplicity, security and convenience in banking services has financial institutions thinking more about customer experience, particularly in a digital sense, and hiring people to design that experience.

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A Bank Automation Summit Preview: Key 2023 Banking Automation Trends

Perficient

Blockchain technology is being used to create secure, decentralized ledger systems that can store and transfer data in a transparent and secure manner. In the banking industry, blockchain can help improve the speed and efficiency of cross-border payments and remittances and enhance the security of financial transactions.

Trends 474
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Why The Customer Experience Is A Program, Not A Project

PYMNTS

The pandemic has reshaped how we interact with merchants — and what we expect, as customers, from those increasingly digital interactions. Call it the transformation of CX, shorthand for the customer experience. It’s not enough that the CX be secure — though that’s critically important, of course.

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Credit Needs to Fix its Customer Experience Along with its Security, Final Says

Bank Innovation

EXCLUSIVE— As recent hacks such as Equifax demonstrate, credit providers have work to do to gain back consumer trust, and doing so is going to require fixing the customer experience as well as data security.