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How Verified Is Your Data?

April 19 — A new report from Accenture, New York, finds that many banks have not verified the validity and accuracy of their data. Banks have always held a large volume of confidential data and increasingly adding data from external, unstructured sources, and according to Banking Technology Vision 2018, 94 percent of bankers are confident in the integrity of their data sources, but 11 percent trust the reliability of their data but don’t verify it, 16 percent try to validate their data but aren’t sure of the quality of said validation, and 24 percent who do validate recognize more could be done to ensure quality.

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The Demystification of Mobile Payments, Part I: Venmo

By Kristin Rulon, Editor, Contract Publications

“Hey, can you pay me on Venmo? I paid way too much in processing fees last year with Square.”

It was a simple enough request from my friend/hairstylist. Once I downloaded the app, he assured me that he would help guide me through the process of paying him. As someone in my early thirties (wedged between a Xennial and a millennial by being born in 1986), I am intrigued by the latest technological advances, but I still refer to my workout DVDs as tapes.

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New Digital Banking Platform Consolidates for Cost Savings

April 11 — VSoft is rolling out Arya, an intelligent, open architecture digital services platform that can consolidate online banking, mobile banking and mobile deposit.

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Mobile Wallet Users to Pass 2 Billion in 2019 with PayPal Leading

April 5 — By 2019, almost 2.1 billion consumers worldwide will use a mobile wallet, up nearly 30 percent from the 1.6 billion users recorded in 2017.

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Retail Banks Still Lagging on Digital Transformations

March 29 — In new research released by Unisys Corp., less than a quarter of surveyed retail banks rated themselves as “optimal” in their execution of digital transformation strategy.

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