Sept 18 - The ATM Industry Association has released a new white paper outlining the strategic options for traditional FIs facing the rise of mobile payments in the evolving apps-based economy. This white paper presents various strategic options for FIs facing potentially “disruptive” competition from non-bank players.
In today’s digital economy, mobile technology and a range of innovative apps have spurred on a phenomenal growth of m-payment and m-commerce. Amid the hype about m-payments and its deflated interest owing to a lack of standard for implementation, regulation and inherent fraud risk, it remains true that traditional FIs have to evaluate and embrace the right e-service delivery model aligned to their strategic intent in a bid to best position themselves to offer secure, sensible and scalable m-payment services to their clientele.
ATMIA’s new white paper offers an industry perspective on responding to this new financial services environment. Read this white paper and several others in ATMIA’s white paper library.