Category Archives: Mobile Banking

BBVA mobile wallet enhancements

BBVA has added a new feature to its mobile wallet app that enables users to remotely control their debit and credit cards from their smartphone. The latest version of BBVA Wallet allows users to fix spending on each card, limit card use to either e-commerce or physical stores and temporarily block the card if it is lost or stolen. The ...
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Retail banks must change to face realities of digital world

Retail banks are facing the toughest of trading conditions, claims a new report from Oracle which says that three quarters lack suitable technology to complete the path to a digital world, leaving them vulnerable to new competitors. Of more than 100 top executives at major retail banks around the world quizzed by Oracle, 94% say that having a digitised omni-channel ...
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Millennials: how banks can capitalize

Personal Financial Management (PFM) tools offering consumers budgeting tools and enhanced visibility into their spending behavior are becoming more widely available. And while not all customers are interested in these services, they appear to be gaining traction with the “Millennial” demographic: customers between the ages of 18 and 34, many of which are digitally-savvy and accustomed to having robust access ...
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Deutsche Bank ramps up digital bank capabilities

Deutsche bank has announced plans to shutter 200 branches and invest an additional €1 billion over the next three-to-five years to create “a more digital bank”. As part of a massive cost-cutting programme, the giant German bank is shrinking its securities business and selling Postbank as it looks to deliver annual cost savings of €3.5 billion – according to Finextra. ...
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Only one in eight Brits will switch to digital-only bank

Digital-only banks will struggle with UK banking customers when they launch this year, with only one in eight (13%) consumers claiming that they plan to switch to an account with a digital-only provider this year. Several providers are set to launch services in the UK this year, including Atom and Starling. Additionally, only 14% say they would trust a digital-only bank more ...
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£12.8 billion a week set to be sent through digital banking by 2020

The number of mobile banking users is set to almost double from 17.8 million to 32.6 million by 2020, whilst the number of UK adults using online banking will increase from 27.7 million to over 35 million, according to a report, Future Trends in UK Banking, compiled by the Centre for Economics and Business Research (Cebr). The report also forecasts that ...
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AmEx Lab testing facial recognition technology

According to a WSJ blog, American Express is experimenting with facial recognition and wearable technology that could turn into new capabilities for some of its mobile apps, including products aimed at customers traditionally underserved by financial services companies. To boost business growth, the company wants to use emerging technologies to appeal to consumers in new segments, such as heavy mobile ...
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Monitise rejects sale, Lukies ejected

Former mobile banking darling Monitise has decided not to sell itself, but a strategic review of its “options” has led to its founder and co-CEO Alistair Lukies stepping down from the top job and board. Mr Lukies will now merely be a “strategic adviser” to Elizabeth Buse, who becomes the sole chief executive of the troubled mobile money company – according ...
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Digital tipping point: Banks must focus on innovation to harness opportunities

A major new report sets out key recommendations for the banking industry and urges regulators to give consumers certainty that their money is equally well-protected wherever they choose to bank. Banks must concentrate on harnessing a range of digital technologies or risk losing customers to a new wave of competitors, according to a new report by the British Bankers Association ...
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Banking app prototype for Apple Watch

Misys has unveiled what it claims to be the first banking app prototype for the Apple Watch. Developed by a team at Misys Labs, the company said the technology would enable banks to provide services to their customers in an entirely new way. Called Misys FusionBanking Essence BankTime, the app is designed to give consumers greater control and clarity of ...
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