Good to see more and more banks from Europe follow BBVA model to come up with Startup events, HAckatons and reward in cash and kind to promote innovating in digital banking.
15 Sep 2014 14:05 Read comment
Kudos to BBVA for innovative digital bank initiatives. several events such as sponsor fintech startup events, acquiring 'Simple' at early stage and using Simple's mobile banking platform across other region such as South American countries and more to expect.
I remember BBVA back in 2010-11, when it started developing Singl Slot ATM Machines called ABIL which is bank's own IPR shows committment of top management to innovate using technology.
90% transactions in old bank such as BBVA getting completed on Digital banking technology reflects lot of learning pages for the bankers from all regions.
15 Sep 2014 13:13 Read comment
Long waited name change happen hope re-naming ceremoney also bring good news of success of it's m-payment roll out program.
Softcard is good name hope to see smoother functioning and improvement to follow. It coincides with MCX coming up with CurrentC network announcement :)
05 Sep 2014 10:24 Read comment
This may be Lenovo effect :)
28 Aug 2014 15:27 Read comment
Simon Pomeroy has been making good moves and leading digital banking roadmap for the WestpacNZ.
Hope Moven's money management solution for better services and rwtain customers.
26 Aug 2014 18:35 Read comment
Sample size of 1000 is pretty small number for geography of US. It looks like 3 to 5 customers per state or 4 to 5 guys in top 20 cities.
How can a interfence drawn from such small data may not reflect true picture? isn't it?
26 Aug 2014 11:35 Read comment
Sample size of Survey is very low - 2000 and vulnerablity as per IBM and Apache is taken care. There is no direct connect as there is no possibility that, all 10 Android applications are developed using PhoneGap or similar cross platform development tools (e.g. Xamarin)
Considering such disconnect, still survey reflects low confidence due to lack of multi factor authentication methdology. Players like Jumio also has raised similar vulnerability report for ID Theft.
08 Aug 2014 16:44 Read comment
Paysera is using proven way of promoting it's mobile pay. Olympics events have seen VISA and MasterCard providing such merchant acquiring and special cards ( smart card, mag cards or mobile top ups).
08 Aug 2014 16:07 Read comment
It looks brilliant to have AR app but, demo has flaw of security. I would have loved demo showing how user authentication happens by AR app before starting the magic.
AR app with Biometric authentication such as face recognisation or Finger print scanner will be just best.
05 Aug 2014 18:26 Read comment
Reading your post reminds of update from Amazon going for Predictative Analytics for it's supply chain ( In Short: Based on past purchase history data, Amazon website interactions metrics ( Many more parameteres) Amazon can prediect next 'probable' purchase of good and move it next to nearest depot even can deliver it as 'Surprise' to you).
It's good to know such innovations and many more as suggested in your blog but, it all depends on making business case for Digital Banking services. We all witness that, as customer touch points and demography had widened to Social media, mobile devices and more. Banking services needs to be in such space in the form of old products available on new media as well as new products on new media.
Remote Cheque capture (RDC) is best example of Old services on new media or BBVA - Simple (Mobile only bank) are some of the prevailing models being used as new media and new services and welcomed by the customers. Ofcourse more such products will keep coming.
Again let us remember purchasing retail product on e-commerce site and it's security considerations are utterly different from banking services. Recent survey for Brits reflected the same as more than 60% respondent felt safe with Biometric authentication as additional factor for mobile transactions. Recent US CERT alert on POS Malware is another example of new challenges being faced in this space.
There is McKinsey report on Digital bank with insight on issues faced by banks in Europe, US, Ocenasia and Asia regions for the digital banking services. It gives lot of pointers on new products and services that can be thought of.
04 Aug 2014 14:37 Read comment
Innovation in Financial Services
Finance 2.0
Banking Architecture
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