Community

Good to see ICICI moving towards Mobile Only Banking - ofcourse helps them to get Savings bank customers also :)

This is good development. Recently, MasterCard demonstrated Finger print scanner emedded cards for biometric authentication. Use of Quantum physics can be extended to protect counterfeit of currency notes ( assuming cash survive for next decade or more :))

Only issue is commerical viability and adoption to be watched on this space.

This is good development in Third party authentication services as players like Jumio will get compeition.

Full credit to BBVA for building next generation FinTech setup. Since acquition value is not disclosed but, strategic value of Madiva for BBVA is of great importance. Real estate valuation for infrastructure financing is big challenge and Madiva can solve it for BBVA.

This development is example that, Video teller services will grow as Digital Banking innovation progressing in bnaking sector.

Great to see SWIFT proving it's significance not as leader and veteran but as innovator to enable new avenue of payments system for Australia. Good learing page from this.

Banks which are affected with the angery bird 'Teng' need to send him first to Meditation or rehab course to keep his calm and then recover the money :) ( Ofcourse banks can play a peace making music while customer transact :D)

But there is serious take away from this incident that ATM Transactions with (Reason code - 51) Insufficient fund can be game changer. Bank can use analytics to build micro loan instantly and offer him on ATM or Mobile.

Bankers @ING knows it best. They sale it's stack in Insurance and Banking in last one year in India... Lion in India has left with one Leg now.

They got fund to go Digital.. Now knows how to get rid of some baggage from staff :) assume that they have done assessment of resource and skills matrix post digital banking scenario.

Good development and it moves the French e-payments to next level. Kudos to MasterCard for winning confidence of bankers for it's wallet.

Time has come that retailers with high foot fall for weekly and monthly purchase need to come out with intelligent shopping cart to remove the verification time which is more of physical to digital form or SKU level RFID (Which may be costly).