June 5 – A handful of rapidly evolving technology sectors will create enormous economic opportunities for the U.S., says Francis Dinha, CEO of OpenVPN, creator of Private Tunnel.
Digital Banking (Mobile/Online) - Page 2
June 5 – The spear phishing market is projected to grow from an estimated USD 840.7 million in 2017 to USD 1,401.6 million by 2022, at a CAGR of 10.8% between 2017 and 2022. Organizations rely heavily on spear phishing solutions whereby filtering spam, data loss prevention, email encryption, and email archiving proves beneficial for organizations. Hence, there is a huge demand for the integration of spear phishing market solutions with other mainstream technologies, which is fueling the growth of the spear phishing market. However, lack of awareness about cyber-attacks is restraining the growth of the spear phishing market.
June 5 — Which channel is most used, internet or mobile? Malauzai Software, a provider of mobile and Internet banking SmartApps for community financial institutions, released its May Monkey Insights that specifically looked at digital banking and compared which of the primary channels are most used. Internet Banking is defined as digital banking access via a browser, using Legacy Internet Banking technology as opposed to Mobile Banking native apps, purpose built for a specific platform. May 2017 data from 435+ banks and credit unions, covering 13.9 million logins and 765,000 active Internet and Mobile Banking users was analyzed.
May 24 – Amid the proliferation of real-time data from sources such as mobile devices, web, social media, sensors, log files and transactional applications, Big Data has found a host of vertical market applications, ranging from fraud detection to scientific R&D.
May 22 – Nasdaq Inc. and Citi Treasury and Trade Solutions have announced a new integrated payment solution that enables straight through payment processing and automates reconciliation by using a distributed ledger to record and transmit payment instructions. A number of payment transactions have been concluded including Citi’s automated processing of cross-border payments via a link between the CitiConnect® for Blockchain connectivity platform and the Linq Platform powered by the Nasdaq Financial Framework. This collaboration has created a pioneering institutional banking solution that tightly integrates blockchain technology with Citi’s global financial network leveraging API technology.
May 18 — The Risk Mitigation Workgroup of Mobey Forum, the global industry association representing banks and other financial institutions to lead in the future of digital financial services, is calling for a mindset change in financial app and digital service design, following the launch of the second and final installment of its Risk Review report.
May 19 – CBC National Bank, headquartered in Fernandina Beach and with branches in Fernandina Beach, Ocala and The Villages, Fla., and Beaufort and Port Royal, S.C., has launched a newly updated website featuring enhanced functionality and content, a clean design, improved navigation, and more, all designed to facilitate a more engaging user experience.
May 15 – New data from leading fintech analysts, Juniper Research, forecasts that the global value of contactless transactions made via payment cards, mobile and wearables, will reach $1.3 trillion by 2019, more than doubling from an estimated $590 billion in 2017.
May 11 – A new fintech called Dave, which includes billionaire Mark Cuban among its investors, is targeting what it calls “ridiculous overdraft penalties” by making loans of up to $250 with no interest until the borrower’s next payday.
A new study by Juniper Research has found the value of digital payments will approach $3.9 trillion this year, representing an increase of more than 14% on last year’s total. While the bulk of transaction value (55%) will be accounted for by online retail purchases for physical goods, P2P (Person to Person) money transfers will see the largest year-on-year net increase in value ($200 million).