It’s no secret that the majority of banks could be doing more to broaden their digital-banking services; however, legacy infrastructure and regulation often hinder their progress.
Consider the statistics. While 67 percent of American cellphone owners check their smartphones for messages and calls even without the “ping”, and 49 percent of these same owners assert that it would be “very hard to give up”, why don’t they use smartphones to make payments?
Real-time payments are no longer the future—they are here today. More than 17 countries worldwide have real-time payment infrastructures, with initiatives underway in another five.
In the past few months we have seen a growing number of banks turn to voice recognition technology in an attempt to provide a better customer experience as well as protection against fraudulent activity.
While most people associate cybercriminals with hacking and security breaches, many of them have begun exploiting vulnerabilities in the e-commerce industry as well, using a new scheme called transaction laundering.
The growth of API usage in IT has been deservedly incredible, and I believe APIs are especially capable of providing value and utility in the FinTech sector. From the introduction of the API concept first described by Roy Fielding about
Years behind UK banking initiative Faster Payments Service (FPS), US banks have finally approved a proposal to allow consumers and businesses to send same-day electronic payments (Same-Day ACH) among the nation’s 12,000 financial institutions.
A huge number of people in the UK use mobile-banking apps for their everyday financial needs. For some people, it may be their first and only
The Internet of Things (IoT) has been one of the technology industry’s hottest buzzwords for the past few years, but it seems that 2015 is the year the hype starts to become a reality.
The proliferation of mobile devices has increased in the past decade. There is no doubt that mobile devices are moving beyond their role as a simple communication channel and becoming enablers for a wide range of functionalities ranging from entertainment to commerce.