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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.

Cyber Security, IT security has reached to advance level where as dial up line based ATM system which were prevailing from a decade needs to be strongly assessed and controls to avoid such back door entry at perimeter of network are needed.

We are now in era of Security event and log management which has reached to level that, early warning can be raised for such events in CISO dashboards.

I think old dial up ATMs have been target for last few incidents of security breaches.

Kudos to Edgetech team to build sound based near field authentication solution with out using NFC chips (new models of smartphones) or other similar accssories.

Technology  is based on basic microphone and speaker which comes with any mobile. Microsoft research team has done successful implementation please refer to the link - http://www.themobileindian.com/news/13639_Microsofts-alternative-to-NFC---Dhwani

It's only matter of creating business cases, putting it in commerical field level implementation and any phone can be used for payments in most secured way with out major costs of upgrade but only effort to modify terminals.

"Between 2007 and 2012 there were at least five different roadmaps" Amidst sponsors as well as exectuive level leadership changing, biggest risks of attrition of project team people has largest contibution in making FIVE roadmaps.

Imagine how vendor team must have been witnessing all this and maanging to remain focus :)

This coincides with MasterCard going for Lobbying with major part of compliance issues be drafted in application.

It will be interesting to see how MasterCard will bring up such card program with volatile currency as base...yes it's going to become  banana card !!!

Brilliant comment which describes TransferWise's model --- isn't it?

"Isn't this what TransferWise does? Except instead of taking a gulp, they take a sip."

1. Increased used of Mobile may be due to Remote Check capture and other such mobile banking services.

2. Very useful to give insight and motivation to position Social media based banking services especially Payments.

It will be great if e-invoice can be further automated and integrated with payments. In India, we have seen it happening on Bill presentment stage using brilliant features of Adobe PDF.

Hooman Mazaheri - Znap is voicing the same thing as what Sqaure did by acquiring BookFresh and Restuarant ordering app.

Hello Jorge, thanks for connecting dots from Europe (BBVA) and Simple (USA) and BBVA's expansion journey in "sun-belt" but sure to bring to notice famous term by Alvin Toffler "Pro-Sumer" ( trillions of dollars gets created).

Simple is best example of what Prosumer can get in return as incentive from conducting 'Mobile Only' Bank account.

I have been reading about enterprise risk management and had worked on product so can understand how it can help enterprise to manage various risks but not able fully comprehend Big data's role and contribution.

Actually got confuse as What Oracle wanted to do? Position some of it's product?